Viavi Solutions (NASDAQ:VIAV) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Other equities research analysts have also issued research reports about the company. Argus raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $9.92 price target on the stock in a research report on Tuesday, May 8th. William Blair reaffirmed a “buy” rating on shares of Viavi Solutions in a research report on Thursday, May 24th. B. Riley increased their price target on Viavi Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday. Needham & Company LLC upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $13.50 price objective on the stock in a report on Monday. Finally, ValuEngine upgraded Viavi Solutions from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Viavi Solutions presently has an average rating of “Buy” and an average price target of $11.29.

VIAV stock opened at $10.99 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.43 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 43.96, a P/E/G ratio of 1.13 and a beta of 0.98. Viavi Solutions has a 1 year low of $8.34 and a 1 year high of $11.18.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Tuesday, August 14th. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $264.00 million for the quarter, compared to analyst estimates of $255.10 million. Viavi Solutions had a positive return on equity of 10.74% and a negative net margin of 0.43%. Viavi Solutions’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. equities analysts forecast that Viavi Solutions will post 0.33 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC increased its holdings in shares of Viavi Solutions by 10.9% in the 2nd quarter. MetLife Investment Advisors LLC now owns 104,090 shares of the communications equipment provider’s stock valued at $1,066,000 after acquiring an additional 10,198 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of Viavi Solutions by 7.2% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 73,365 shares of the communications equipment provider’s stock valued at $751,000 after acquiring an additional 4,958 shares during the last quarter. PEAK6 Investments L.P. purchased a new position in shares of Viavi Solutions in the 2nd quarter valued at about $799,000. Macquarie Group Ltd. increased its holdings in shares of Viavi Solutions by 0.3% in the 2nd quarter. Macquarie Group Ltd. now owns 2,786,563 shares of the communications equipment provider’s stock valued at $28,534,000 after acquiring an additional 7,114 shares during the last quarter. Finally, Dorsal Capital Management LLC increased its holdings in shares of Viavi Solutions by 31.9% in the 2nd quarter. Dorsal Capital Management LLC now owns 4,750,000 shares of the communications equipment provider’s stock valued at $48,640,000 after acquiring an additional 1,150,000 shares during the last quarter. Institutional investors and hedge funds own 90.06% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, and enterprises and their ecosystems worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments. The Network Enablement segment offers testing solutions that access the network to perform build-out and maintenance tasks.

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Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

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