In a report released today, Mehdi Hosseini from Susquehanna reiterated a Buy rating on Viavi Solutions (VIAV), with a price target of $18.00. The company’s shares closed last Wednesday at $12.95.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 6.3% and a 51.0% success rate. Hosseini covers the Technology sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Keysight Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Viavi Solutions with a $16.50 average price target, a 22.2% upside from current levels. In a report released yesterday, Needham also assigned a Buy rating to the stock with a $16.00 price target.
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Viavi Solutions’ market cap is currently $2.97B and has a P/E ratio of 105.50. The company has a Price to Book ratio of 15.96.
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Viavi Solutions, Inc. engages in the provision of network test, monitoring, and assurance solutions. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance. The Network Enablement segment offers integrated portfolio of testing solutions that access the network to perform build-out and maintenance tasks. The Service Enablement segment covers solutions and services primarily for communication service providers, and enterprises that deliver and/or operate broadband and IP networks (fixed and mobile) supporting voice, video, and data services as well as a wide range of applications. The Optical Security and Performance segment leverages its core optical coating technologies and volume manufacturing capability to design, manufacture, and sell products targeting anti-counterfeiting, consumer and industrial, government, healthcare, and other markets. The company was founded in 1979 and is headquartered in San Jose, CA.
