Needham & Company LLC set a $16.00 target price on Viavi Solutions (NASDAQ:VIAV) in a research report released on Friday, Briefing.com Automated Import reports. The firm currently has a buy rating on the communications equipment provider’s stock.

Other equities research analysts have also issued reports about the stock. TheStreet lowered shares of Viavi Solutions from a b rating to a c+ rating in a research report on Tuesday, September 3rd. B. Riley restated a buy rating and set a $16.00 target price on shares of Viavi Solutions in a research report on Friday, August 16th. ValuEngine lowered shares of Viavi Solutions from a buy rating to a hold rating in a research report on Thursday, August 1st. Stifel Nicolaus set a $15.00 target price on shares of Viavi Solutions and gave the stock a buy rating in a research report on Friday, August 16th. Finally, BidaskClub lowered shares of Viavi Solutions from a strong-buy rating to a buy rating in a research report on Saturday, August 24th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $15.25.

NASDAQ:VIAV opened at $14.84 on Friday. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 28.54 and a beta of 1.02. Viavi Solutions has a 1-year low of $9.17 and a 1-year high of $15.17. The firm’s fifty day moving average price is $14.09 and its 200 day moving average price is $13.34. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.23 and a quick ratio of 2.87.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Thursday, August 15th. The communications equipment provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $289.70 million for the quarter, compared to analyst estimates of $279.18 million. Viavi Solutions had a net margin of 0.48% and a return on equity of 16.75%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. As a group, analysts expect that Viavi Solutions will post 0.55 earnings per share for the current fiscal year.

In other news, CFO Amar Maletira sold 2,806 shares of Viavi Solutions stock in a transaction on Monday, July 1st. The stock was sold at an average price of $14.00, for a total transaction of $39,284.00. Following the completion of the transaction, the chief financial officer now owns 251,720 shares of the company’s stock, valued at approximately $3,524,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ralph Rondinone sold 3,200 shares of Viavi Solutions stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $14.19, for a total value of $45,408.00. Following the transaction, the senior vice president now directly owns 27,398 shares of the company’s stock, valued at approximately $388,777.62. The disclosure for this sale can be found here. Insiders have sold a total of 29,067 shares of company stock valued at $403,984 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in shares of Viavi Solutions by 1.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 77,849 shares of the communications equipment provider’s stock worth $1,034,000 after buying an additional 1,061 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Viavi Solutions by 88.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,354 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 1,105 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Viavi Solutions by 1.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 68,200 shares of the communications equipment provider’s stock worth $906,000 after buying an additional 1,240 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Viavi Solutions by 0.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 148,459 shares of the communications equipment provider’s stock worth $1,973,000 after buying an additional 1,274 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Viavi Solutions by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 88,466 shares of the communications equipment provider’s stock worth $1,095,000 after buying an additional 1,598 shares during the last quarter. 94.68% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

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