Viavi Solutions Gets a Hold Rating from Stifel Nicolaus

By Jason Carr

Stifel Nicolaus analyst Patrick Newton reiterated a Hold rating on Viavi Solutions (NASDAQ: VIAV) today and set a price target of $11. The company’s shares closed yesterday at $10.83.

According to TipRanks.com, Newton is a top 100 analyst with an average return of 29.9% and a 71.3% success rate. Newton covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Ipg Photonics Corp, and Faro Technologies.

Viavi Solutions has an analyst consensus of Strong Buy, with a price target consensus of $14.

Viavi Solutions’ market cap is currently $2.46B and has a P/E ratio of 30.94. The company has a book value ratio of 3.1878.

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Viavi Solutions, Inc. engages in the provision of network and service enablement solutions and manufacture of optical products. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance Products. The Network Enablement segment provides an integrated portfolio of testing solutions that access the network to perform build-out and maintenance tasks. The Service Enablement segment provides embedded systems and enterprise performance management solutions to global communication service providers and enterprises with visibility into network, service, and application data. The Optical Security and Performance Products segment designs, manufactures, and sells products targeting anti-counterfeiting, consumer and industrial, government, healthcare, and other markets. The company was founded in 1979 and is headquartered in Milpitas, CA.