Zacks Provided 2 Rating to Viavi Solutions Inc. (NASDAQ:VIAV)

Cornelia Mascio
Marzo 21, 2017

The firm issued a buy rating and a $17.20 target price on the stock.

"The analysts wrote, "We also see that TV/automotive manufacturers are also considering the adoption of 3D sensing functionality".

A number of other hedge funds also recently made changes to their positions in the company.

Many research firms have provided their ratings on Viavi Solutions Inc. Zacks Investment Research downgraded shares of Viavi Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, February 15th. These price targets are a consensus analysis of 8 brokers. Out of 0 brokerage recommendations, 0 gave a Strong Buy, 0 issued a Buy, 0 issued Hold, 0 rated Under-perform and 0 issued a Sell. Thanks to a rise of nearly 10.54% in the past five days, the stock price is now up 30.81% so far on the year - still in strong territory. (NASDAQ:VIAV) is performing 18.34%. That puts the market capitalization at $2.24 bln.

Viavi Solutions Inc. (NASDAQ:VIAV) topped its 52-week high price target of 10.89 on Feb 15, 2017. The company's 50-day moving average price is $9.84 and its 200 day moving average price is $8.33. (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.

For the ongoing Fiscal Quarter, 9 analysts have an average earnings forecast of $0.09 per share.

For the current quarter, the highest estimate analysts provided is 202.3 Million and the lowest is 195.8 Million. 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. On a year-over-year basis, that compares with an EPS comp of $0.09. The average revenue estimate for the year ending June 2017 is $823.37M by 10 analysts. A low P/S can also be effective in valuing growth stocks that have suffered a temporary setback. Barrow Hanley Mewhinney & Strauss LLC now owns 592,615 shares of the company's stock worth $4,848,000 after buying an additional 263,270 shares during the period. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Rosenblatt Securities began coverage on shares of Viavi Solutions in a research note on Tuesday, March 14th. The shares were sold at an average price of $8.40, for a total value of $110,124.00. For shareholders, given the total diluted outstanding shares of 234.2 million, this means overall earnings per share of 0.21. The disclosure for this sale can be found here.

GrubHub Inc. (GRUB) opened the session with a $33.91 price tag, later ranging from $33.39 to $34.29, the range at which the stock has traded at throughout the day.

Viavi Solutions, Inc. engages in the provision of network and service enablement solutions and manufacture of optical products. Insiders sold 112,768 shares of company stock worth $1,081,678 over the last quarter. Finally, Ardsley Advisory Partners acquired a new stake in Viavi Solutions during the third quarter worth about $296,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Viavi Solutions during the fourth quarter valued at $13,226,000. Suntrust Banks Inc. increased its stake in Viavi Solutions by 49.2% in the third quarter.

Two other important profitability ratios for investors to know are both returns-based ratios that measure a company's ability to create wealth for shareholders.

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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