Is Buying Viavi Solutions Incorporated (NASDAQ:VIAV) Here Good Idea?

December 5, 2017 - By Dolores Ford

 Is Buying Viavi Solutions Incorporated (NASDAQ:VIAV) Here Good Idea?

The stock of Viavi Solutions Incorporated (NASDAQ:VIAV) registered a decrease of 5.75% in short interest. VIAV’s total short interest was 11.11M shares in December as published by FINRA. Its down 5.75% from 11.79M shares, reported previously. With 1.78M shares average volume, it will take short sellers 6 days to cover their VIAV’s short positions.

The stock increased 1.12% or $0.1 during the last trading session, reaching $9.03. About 155,867 shares traded. Viavi Solutions Inc. (NASDAQ:VIAV) has risen 77.76% since December 5, 2016 and is uptrending. It has outperformed by 61.06% the S&P500.

Viavi Solutions Inc. provides network test, monitoring, and assurance solutions to communications service providers, and enterprises and their ecosystems worldwide. The company has market cap of $2.05 billion. The firm operates through Network Enablement, Service Enablement, and Optical Security and Performance Products divisions. It has a 12.77 P/E ratio. The Network Enablement segment offers testing solutions that access the network to perform build-out and maintenance tasks.

Viavi Solutions Inc. (NASDAQ:VIAV) Ratings Coverage

Among 7 analysts covering Viavi Solutions Inc (NASDAQ:VIAV), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Viavi Solutions Inc had 13 analyst reports since August 5, 2015 according to SRatingsIntel. M Partners maintained the shares of VIAV in report on Monday, June 6 with “Buy” rating. The firm earned “Outperform” rating on Friday, August 14 by William Blair. On Friday, August 14 the stock rating was maintained by Jefferies with “Hold”. UBS initiated Viavi Solutions Inc. (NASDAQ:VIAV) on Thursday, August 13 with “Buy” rating. The firm has “Overweight” rating by JP Morgan given on Tuesday, October 11. On Monday, August 10 the stock rating was downgraded by RBC Capital Markets to “Outperform”. The stock of Viavi Solutions Inc. (NASDAQ:VIAV) has “Hold” rating given on Wednesday, August 12 by Craig Hallum. The firm has “Buy” rating given on Wednesday, August 5 by B. Riley & Co. On Wednesday, August 12 the stock rating was downgraded by Craig-Hallum to “Buy”.

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