2 days Ago By ABMN Staff
UBS Group started coverage on shares of Viavi Solutions ( NASDAQ:VIAV – Free Report ) in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $10.60 target price on the communications equipment provider’s stock.
A number of other research analysts have also recently weighed in on VIAV. Stifel Nicolaus reduced their target price on Viavi Solutions from $13.00 to $10.
50 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a report on Friday, November 1st. Northland Securities raised their price target on shares of Viavi Solutions from $11.
00 to $13.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Rosenblatt Securities boosted their price objective on shares of Viavi Solutions from $8.
25 to $10.50 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, B.
Riley dropped their price objective on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a research report on Friday, August 9th.
Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.44.
Get Our Latest Analysis on VIAV Viavi Solutions Price Performance Viavi Solutions ( NASDAQ:VIAV – Get Free Report ) last posted its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.
06. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.
22%. The company had revenue of $238.20 million during the quarter, compared to the consensus estimate of $240.
09 million. During the same quarter in the prior year, the company posted $0.05 EPS.
The company’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities research analysts expect that Viavi Solutions will post 0.
19 EPS for the current year. Insider Activity In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $10.
14, for a total value of $152,100.00. Following the sale, the director now owns 225,333 shares in the company, valued at approximately $2,284,876.
62. This trade represents a 6.24 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, SVP Kevin Christopher Siebert sold 8,432 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $8.
63, for a total value of $72,768.16. Following the transaction, the senior vice president now owns 56,617 shares of the company’s stock, valued at approximately $488,604.
71. This represents a 12.96 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last three months, insiders sold 62,381 shares of company stock valued at $562,279. Company insiders own 1.
52% of the company’s stock. Hedge Funds Weigh In On Viavi Solutions Large investors have recently made changes to their positions in the business. Vanguard Group Inc.
grew its position in Viavi Solutions by 1.4% in the first quarter. Vanguard Group Inc.
now owns 29,148,414 shares of the communications equipment provider’s stock worth $264,959,000 after buying an additional 408,484 shares during the last quarter. Capital World Investors lifted its stake in shares of Viavi Solutions by 305.4% in the first quarter.
Capital World Investors now owns 12,161,535 shares of the communications equipment provider’s stock worth $110,548,000 after buying an additional 9,161,535 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in Viavi Solutions by 9.
2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 7,203,703 shares of the communications equipment provider’s stock valued at $49,489,000 after purchasing an additional 606,522 shares during the period.
Dimensional Fund Advisors LP grew its position in Viavi Solutions by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,818,337 shares of the communications equipment provider’s stock worth $39,972,000 after purchasing an additional 661,450 shares during the last quarter.
Finally, Geode Capital Management LLC increased its position in shares of Viavi Solutions by 1.0% during the third quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider’s stock valued at $47,887,000 after purchasing an additional 54,633 shares during the period.
Institutional investors own 95.54% of the company’s stock. Viavi Solutions Company Profile ( Get Free Report ) Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
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