It has been assigned a low target price of $8.25 and a high target price of $11.
Several brokerages have recently weighed in on VIAV. Jefferies Group LLC lifted their price objective on shares of Viavi Solutions from $8.50 to $9.50 and gave the company a "hold" rating in a report on Wednesday, February 1st. Comerica Bank now owns 244,923 shares of the company's stock valued at $2,104,000 after buying an additional 10,791 shares during the period. Zacks Investment Research downgraded shares of Viavi Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, February 15th. Finally, TheStreet upgraded shares of Viavi Solutions from a "c+" rating to a "b-" rating in a report on Thursday, March 2nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. (NASDAQ:VIAV) a rating of 2 on a scale of 1 to 5.
Viavi Solutions Inc (NASDAQ:VIAV) opened at 10.70 on Friday. Current price places the company's stock -7.95% away from its 200-day simple moving average, -11%, away from the 50-day average and also -6.26% away from 20-day average. The stock has a market capitalization of $2.46 billion, a PE ratio of 27.37 and a beta of 1.51. (NASDAQ:VIAV)'s shares have the potential to reach a high EPS of 0.1 per share, and a low EPS of 0.07 per share in the current quarter. According to them, the median (average) EPS the company could deliver is 0.07/share. Net profit margin of the company was recorded at 10.8 percent, operating profit margin was -8.6 percent, whereas gross profit margin stands at 60 percent.
For the current quarter, the highest estimate analysts provided is 202.3 Million and the lowest is 195.8 Million. During the same period in the previous year, the company earned $0.11 earnings per share. Over the trailing year, the stock is outperforming the S&P 500 by 63.21%, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange.
Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 0.33 in total earnings per share.
Analysts at Rosenblatt took a look at Viavi Solutions Inc. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & global copyright legislation.
In other Viavi Solutions news, SVP Ralph Rondinone sold 10,556 shares of the company's stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $8.46, for a total value of $118,067.76. Insiders own 0.50% of the company shares. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
In a transaction on 2017-02-28, the company's SVP General Manager OSP SCRIVANICH LUKE M sold 4,236 company shares for 42400. Following the completion of the transaction, the senior vice president now owns 58,501 shares of the company's stock, valued at $585,010. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company's stock. The company has a book value ratio of 3.1390. The stock hit 1-yearhigh at $19.92 and a low of $12.96 in the same period. Stevens Capital Management LP bought a new stake in Viavi Solutions during the third quarter worth about $110,000. Over the past five trading sessions it is -2.12%; -3.59% for the month; 15.93% for the last quarter; 24.58% for the past six-months; and 49.61% for the last 12 months. With the last close up 16.81% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Institutional investors and hedge funds own 86.99% of the company's stock. The Network Enablement segment provides an integrated portfolio of testing solutions that access the network to perform build-out and maintenance tasks.