In a report released today, Dmitry Netis from William Blair reiterated a Buy rating on Viavi Solutions (NASDAQ: VIAV). The company’s shares opened today at $9.79.
Netis said:
“We came away from the presentation incrementally more confident in: 1) the upcoming two mega growth catalysts (3-D sensing and 5G); 2) increasing momentum in the core T&M business (with resurgence of fiber test, ongoing DOCSIS 3.1 deployments, and recovery/growth of the enterprise Ethernet test business); 3) solid steady-state performance of the currency business with the potential for upside from new currency redesign opportunities; 4) management’s ability to extract greater cost/revenue synergies from its recent acquisition of 5) more efficient cost structure and expanding operating margins. Resting on the aforementioned catalysts, management stressed that going forward it expects EPS to significantly outpace revenue growth. Additional highlights can be found in the remainder of the note.”
According to TipRanks.com, Netis is a 4-star analyst with an average return of 9.9% and a 55.8% 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 $11.83.
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The company has a one-year high of $11.54 and a one-year low of $8.34. Currently, Viavi Solutions has an average volume of 2.1M.
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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.
