The Viavi Solutions Inc (VIAV) Stock Rating Lowered by Zacks Investment Research

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Viavi Solutions by 10.4% in the second quarter. Northern Trust Corp now owns 3,022,015 shares of the communications equipment provider's stock valued at $31,821,000 after buying an additional 147,950 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Viavi Solutions by 75.5% in the second quarter. Aperio Group LLC raised its position in shares of Viavi Solutions by 12.3% in the 2nd quarter. The percentage of shares being held by the company management was 0.83% while institutional stake was 0%.

Several other analysts have also issued reports on the company. BidaskClub downgraded shares of Viavi Solutions from a "hold" rating to a "sell" rating in a research note on Monday, August 14th. Stifel Nicolaus reaffirmed a "hold" rating on shares of Viavi Solutions in a report on Tuesday, October 24th. Craig-Hallum downgraded it to "Buy" rating and $7 target in Wednesday, August 12 report. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold".

In terms of Buy, Sell or Hold recommendations, Viavi Solutions Cmn (NASDAQ:VIAV) has analysts' mean recommendation of 2.3.

In other news, EVP Paul Mcnab sold 27,936 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $11.52, for a total transaction of $42,647.04. Following the sale, the senior vice president now directly owns 22,707 shares of the company's stock, valued at $258,632.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The shares were sold at an average price of $8.97, for a total value of $35,162.40.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,610 shares of company stock valued at $897,523.

Columbus Circle Investors cut its stake in shares of Viavi Solutions Inc. The stock had a trading volume of 1,005,869 shares, compared to its average volume of 3,030,681. Viavi Solutions Inc. The stock has a market capitalization of $2,021.78, a price-to-earnings ratio of 29.63, a P/E/G ratio of 1.46 and a beta of 1.19. If the published price targets set by Viavi Solutions Inc. analysts have any power to influence the stock's share price, the highest price target set for VIAV is $17.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, November 1st. They expect $0.05 EPS, down 16.67 % or $0.01 from last year's $0.06 per share. Viavi Solutions had a return on equity of 8.99% and a net margin of 10.57%.

Viavi Solutions Cmn (NASDAQ:VIAV)'s revenue estimates for the current quarter are $185.94 Million according to 7 number of analysts, for the current quarter the company has high revenue estimates of $189.5 Million in contradiction of low revenue estimates of $180.7 Million. The business's quarterly revenue was down 7.4% on a year-over-year basis.

According to analysts Viavi Solutions Cmn (NASDAQ:VIAV)'s minimum EPS for the current quarter is at $0.06 and can go high up to $0.08.

ILLEGAL ACTIVITY WARNING: "Cipher Capital LP Decreases Position in Viavi Solutions Inc. (NASDAQ:VIAV) Stock" was reported by StockNewsTimes and is the sole property of of StockNewsTimes.

About Viavi Solutions Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.