Viavi Solutions Inc. (VIAV) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Viavi Solutions Inc.

A number of research analysts recently issued reports on VIAV shares. Given Lumentum Holdings' higher probable upside, research analysts clearly believe Lumentum Holdings is more favorable than Viavi Solutions. Jefferies maintained it with "Hold" rating and $6 target in Friday, August 14 report. MKM Partners upped their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a buy rating in a report on Wednesday.

On July 21 the company was rated "Buy" according to a B. Riley report a boost from the previous "Neutral" rating. The stock presently has an average rating of Buy and an average target price of $12.53.

Press coverage about Viavi Solutions (NASDAQ:VIAV) has trended somewhat positive this week, Accern Sentiment reports.

Viavi Solutions Inc. has a 12 month low of $6.96 and a 12 month high of $11.89. The stock is trading at $10.59 which is marginally lower than the 50 day moving average which is $10.89 and slightly below the 200 day moving average of $10.61. The firm has a market capitalization of $2.41 billion, a P/E ratio of 14.98 and a beta of 1.36.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Tuesday, August 15th. The company provided EPS guidance of $0.06-0.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.10. Viavi Solutions had a return on equity of 8.58% and a net margin of 20.57%. The business had revenue of $198.10 million for the quarter, compared to analyst estimates of $196.22 million. During the same quarter a year ago, the firm posted $0.10 earnings per share. The company's revenue for the quarter was down 11.6% on a year-over-year basis. Analysts predict that Viavi Solutions will post $0.44 EPS for the current fiscal year. "(VIAV) Releases Q1 Earnings Guidance" was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of US and worldwide trademark & copyright law. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/08/17/viavi-solutions-inc-viav-stock-rating-lowered-by-bidaskclub.html.

In related news, SVP Luke M. Scrivanich sold 4,691 shares of the firm's stock in a transaction that occurred on Tuesday, May 23rd. EVP, Chief Mktg & Stgy Officer Paul Mcnab sold 2,222 shares at an average price of $11.13 on June 16th. Following the sale, the senior vice president now owns 22,707 shares in the company, valued at $258,632.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 9,632 shares of company stock valued at $108,000 over the last three months. For the long-term approach of trading or also can for short period of time, 200 days MA can also help to get idea about trading, VIAV has 8.07% which indicates Bullish trends and this can also make isolating trends easier. Piedmont Investment Advisors LLC raised its stake in shares of Viavi Solutions by 257.0% in the second quarter. Shares are trading price at $10.59 with move of -0.38%. Bank of Nova Scotia raised its stake in shares of Viavi Solutions by 20.9% in the second quarter. In this case performance of tends to percentage rate of return for a stock for a given time frame. As of the end of the quarter Verition Fund Management LLC had acquired a total of 34,385 shares growing its position 45.3%.

The E.W. Scripps Company (NYSE:SSP) tinted gains of +0.77% (+0.14 points) to US$18.3.

Viavi Solutions Inc. (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems.

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