Morgan Stanley Has Lowered Expectations for Viavi Solutions (NASDAQ:VIAV) Stock Price

Viavi Solutions (NASDAQ:VIAVGet Free Report) had its price target lowered by stock analysts at Morgan Stanley from $10.00 to $8.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the communications equipment provider’s stock. Morgan Stanley’s price target points to a potential downside of 21.41% from the company’s current price.

VIAV has been the subject of a number of other reports. Needham & Company LLC upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday, January 31st. Rosenblatt Securities raised Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, March 7th. StockNews.com cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Argus raised their price target on shares of Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.50.

View Our Latest Report on VIAV

Viavi Solutions Trading Up 5.9 %

Viavi Solutions stock opened at $10.18 on Tuesday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -56.55 and a beta of 0.89. The company’s fifty day moving average price is $11.35 and its two-hundred day moving average price is $10.41. Viavi Solutions has a one year low of $6.60 and a one year high of $12.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 9,034 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $11.09, for a total value of $100,187.06. Following the transaction, the executive vice president now owns 38,775 shares of the company’s stock, valued at approximately $430,014.75. The trade was a 18.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James L. Veler, Jr. sold 13,807 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $10.86, for a total value of $149,944.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,164 shares of company stock valued at $711,422. 1.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management raised its stake in shares of Viavi Solutions by 35.0% in the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock worth $32,000 after acquiring an additional 833 shares during the last quarter. Sterling Capital Management LLC raised its position in Viavi Solutions by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider’s stock worth $70,000 after purchasing an additional 6,171 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Viavi Solutions during the 4th quarter worth $75,000. Smartleaf Asset Management LLC boosted its position in Viavi Solutions by 836.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock valued at $84,000 after buying an additional 7,434 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of Viavi Solutions by 64.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider’s stock valued at $95,000 after buying an additional 3,684 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

About Viavi Solutions

(Get Free Report)

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.

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