Opinion

Viavi Solutions Inc. (NASDAQ:VIAV) Analysts Recommendations and Insider Trading

Viavi Solutions Inc. (NASDAQ:VIAV) stock is presently standing at about $9.65 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 7 analysts covering the company is $9.50, which suggests the stock could still rise over -2 percent. The highest analyst price target is $11.00, which implies a rally of 86 percent. And a quick view of analyst notes show that 3 are rating the stock a buy while 1 rate VIAV a strong buy. There are 6 equity research firms advocating a Hold and 0 consider it Sell.

JP Morgan analysts provided their view on Viavi Solutions Inc. (NASDAQ:VIAV) recently. The rating firm issued a Overweight rating to this company in a research note released on Oct 11, 2016. UBS analysts disclosed their opinion on Viavi Solutions Inc. (NASDAQ:VIAV) recently. The rating firm gave a Buy rating to this stock in a research note published on Aug 13, 2015. According to a research note disclosed on Oct 11, 2016, analysts at JP Morgan have lowered their rating on these shares from Neutral to Overweight.

Viavi Solutions Inc. (NASDAQ:VIAV) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its SVP General Manager OSP SCRIVANICH LUKE M sold 4,236 company shares for 42400, in a transaction on 2017-02-28. Following the transaction, the SVP General Manager OSP is left with a stake of 18,938 shares, currently valued at $182752. Meanwhile, SVP Global Operations NSE RONDINONE RALPH sold 10,556 shares worth $112630, through a transaction dated 2017-02-22. Following the completion of the transaction, the insider is left with a stake of 0 shares, amounting $0. VIAV VP General Counsel & Secretary Siebert Kevin Christopher also sold 2,176 shares, at a stock price of $10.66. This transaction occurred on 2017-02-21 totals $23200. After this transaction, the insider’s stake stands at 0 shares, with a market value of $0.

Executives hold 1.23 percent of the stock. Mr. Thomas H. Waechter is one of the biggest insider owners in Viavi Solutions Inc. (NASDAQ:VIAV), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 238,140 shares which have current market value of around $2298051.Alan S. Lowe is another major inside shareholder in the company. The insider owns 221,747 shares as of 0.1%, currently worth $2139858.55. Mr. Richard E. Belluzzo is ranked as third insider holder of the stock. This insider holds 180,281 shares with a market value around $1739711.65 as of recent close.

Viavi Solutions Inc. (NASDAQ:VIAV) Earnings Outlook

In Viavi Solutions Inc. (NASDAQ:VIAV)’s latest quarter, EPS moved to $0.10 from $0.09 in preceding quarter and revenues reached at $206.50M compared to $210.80M. Analysts had expected Viavi Solutions Inc. (NASDAQ:VIAV) to post net income of about $0.07 per share on $197.73M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.08 to $0.10. That is compared with the $0.09 in EPS it reported during the same period a year ago.

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