Susquehanna analyst Mehdi Hosseini initiated coverage with a Buy rating on Viavi Solutions (VIAV) today and set a price target of $19.00. The company’s shares closed last Monday at $14.84, close to its 52-week high of $15.17.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 9.6% and a 50.7% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Applied Materials Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Viavi Solutions with a $16.42 average price target.
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Viavi Solutions’ market cap is currently $3.4B and has a P/E ratio of 677.06. The company has a Price to Book ratio of 4.65.
Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VIAV in relation to earlier this year.
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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.
