After Needham and Susquehanna gave Viavi Solutions (NASDAQ: VIAV) a Buy rating last month, the company received another Buy, this time from Northland Securities. Analyst Tim Savageaux maintained a Buy rating on Viavi Solutions today and set a price target of $17.00. The company’s shares closed last Thursday at $13.03.
According to TipRanks.com, Savageaux is a 5-star analyst with an average return of 9.3% and a 56.1% success rate. Savageaux covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Communications Systems, and CommScope Holding.
Viavi Solutions has an analyst consensus of Strong Buy, with a price target consensus of $16.71, implying a 32.6% upside from current levels. In a report issued on October 22, Susquehanna also reiterated a Buy rating on the stock with a $18.00 price target.
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The company has a one-year high of $16.12 and a one-year low of $8.08. Currently, Viavi Solutions has an average volume of 2.31M.
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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.