Viavi Solutions Inc (NASDAQ:VIAV)’s Trend Up, Especially After Decreased Shorts

March 15, 2018 - By Stephen Andrade

 Viavi Solutions Inc (NASDAQ:VIAV)’s Trend Up, Especially After Decreased Shorts

The stock of Viavi Solutions Inc (NASDAQ:VIAV) registered a decrease of 6.71% in short interest. VIAV’s total short interest was 10.73M shares in March as published by FINRA. Its down 6.71% from 11.50 million shares, reported previously. With 1.90 million shares average volume, it will take short sellers 6 days to cover their VIAV’s short positions. The short interest to Viavi Solutions Inc’s float is 4.74%.

The stock decreased 1.65% or $0.17 during the last trading session, reaching $10.15. About 1.83 million shares traded. Viavi Solutions Inc. (NASDAQ:VIAV) has risen 77.76% since March 15, 2017 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 $2.29 billion. The firm operates through Network Enablement, Service Enablement, and Optical Security and Performance Products divisions. It has a 79.92 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. On Wednesday, August 5 the stock rating was upgraded by B. Riley & Co to “Buy”. The firm has “Hold” rating given on Wednesday, August 12 by Craig Hallum. The stock of Viavi Solutions Inc. (NASDAQ:VIAV) has “Outperform” rating given on Monday, August 10 by RBC Capital Markets. The rating was upgraded by JP Morgan to “Overweight” on Tuesday, October 11. William Blair reinitiated the shares of VIAV in report on Friday, August 14 with “Outperform” rating. UBS initiated Viavi Solutions Inc. (NASDAQ:VIAV) rating on Thursday, August 13. UBS has “Buy” rating and $7.50 target. On Friday, August 14 the stock rating was maintained by Jefferies with “Hold”. The stock has “Buy” rating by Craig-Hallum on Wednesday, August 12. M Partners maintained it with “Buy” rating and $8.50 target in Monday, June 6 report.

Another recent and important Viavi Solutions Inc. (NASDAQ:VIAV) news was published by which published an article titled: “Viavi Solutions (VIAV) Increases Buyback Program from $150 Million to $200 Million” on February 15, 2018.

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