Price Action Alert: Is Buying Viavi Solutions Inc Here a Winning Strategy?

Price Action Alert: Is Buying Viavi Solutions Inc Here a Winning Strategy?

The stock of Viavi Solutions Inc (NASDAQ:VIAV) is a huge mover today! About 1.18M shares traded hands. Viavi Solutions Inc (NASDAQ:VIAV) has risen 14.91% since March 8, 2016 and is uptrending. It has outperformed by 5.60% the S&P500.
The move comes after 5 months positive chart setup for the $1.77 billion company. It was reported on Oct, 11 by Barchart.com. We have $9.44 PT which if reached, will make NASDAQ:VIAV worth $442.50 million more.

Analysts await Viavi Solutions Inc (NASDAQ:VIAV) to report earnings on November, 7. They expect $0.05 earnings per share, up 150.00% or $0.03 from last year’s $0.02 per share. VIAV’s profit will be $11.72M for 37.75 P/E if the $0.05 EPS becomes a reality. After $0.08 actual earnings per share reported by Viavi Solutions Inc for the previous quarter, Wall Street now forecasts -37.50% negative EPS growth.

Viavi Solutions Inc (NASDAQ:VIAV) Ratings Coverage

Out of 6 analysts covering Viavi Solutions Inc (NASDAQ:VIAV), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $12.25 is the highest target while $6 is the lowest. The $7.54 average target is -0.13% below today’s ($7.55) stock price. Viavi Solutions Inc has been the topic of 12 analyst reports since August 5, 2015 according to StockzIntelligence Inc. UBS initiated it with “Buy” rating and $7.50 target price in Thursday, August 13 report. William Blair reinitiated the stock with “Outperform” rating in Friday, August 14 report. Craig-Hallum downgraded Viavi Solutions Inc (NASDAQ:VIAV) rating on Wednesday, August 12. Craig-Hallum has “Buy” rating and $7 price target. The firm has “Buy” rating by M Partners given on Monday, June 6. The stock has “Hold” rating given by Jefferies on Friday, August 14. As per Wednesday, August 12, the company rating was downgraded by Craig Hallum. The rating was downgraded by RBC Capital Markets to “Outperform” on Monday, August 10. B. Riley & Co upgraded it to “Buy” rating and $12.25 target price in Wednesday, August 5 report.

According to Zacks Investment Research, “Viavi Solutions Inc. provides software and hardware platforms and instruments for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers and enterprises. The Company offers installation, commissioning, scripting, custom analytics, integration, business intelligence consulting, operational assistance, field and lab testing, technical training, maintenance, and support services. Its operating segment consists of Network and Service Enablement, Communications and Commercial Optical Products and Optical Security and Performance Products. Viavi Solutions Inc., formerly known as JDS Uniphase Corporation, is based in Milpitas, Calif.”

More news for Viavi Solutions Inc (NASDAQ:VIAV) were recently published by: Businesswire.com, which released: “Sandell Releases Open Letter to CEO of Viavi Solutions Inc.” on August 16, 2016. Fool.com‘s article titled: “Viavi Solutions Inc. Stock Up 17% on Strong Earnings: Here’s What You Need to Know” and published on February 03, 2016 is yet another important article.

VIAV Company Profile

Viavi Solutions Inc. (Viavi), incorporated on June 23, 1993, is a well-known provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Firm also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets. The Company’s divisions include Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP). The NE segment provides testing solutions that access the network to perform build-out and maintenance tasks. The SE segment offers solutions, which are embedded systems that yield network, service and application performance data. The OSP segment provides optical security solutions.

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