.png "Viavi Solutions (NASDAQ: VIAV)")
In a report released today, Dmitry Netis from William Blair assigned a Buy rating to Viavi Solutions (NASDAQ: VIAV). The company’s shares opened today at $9.95.
According to TipRanks.com, Netis is a 4-star analyst with an average return of 8.7% and a 54.1% success rate. Netis covers the Consumer Goods sector, focusing on stocks such as Ribbon Communications Inc, Acacia Communications, and Juniper Networks.
Viavi Solutions has an analyst consensus of Moderate Buy, with a price target consensus of $12.50.
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Based on Viavi Solutions’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $8.7 million. In comparison, last year the company earned revenue of $196 million and had a net profit of $26 million.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral on the stock.
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Viavi Solutions, Inc. engages in the provision of network test, monitoring and assurance solutions to communications service providers, enterprises, and their ecosystems. It operates through the following business segments: Network Enablement, Service Enablement, and Optical Security and Performance Products.
