Viavi Solutions Receives a Buy from Rosenblatt Securities

By Jason Carr

Rosenblatt Securities analyst Jun Zhang reiterated a Buy rating on Viavi Solutions (NASDAQ: VIAV) yesterday and set a price target of $17.20. The company’s shares closed yesterday at $9.64.

Zhang noted:

“We also see that TV/automotive manufacturers are also considering the adoption of 3D sensing functionality.”

According to TipRanks.com, Zhang is ranked 0 out of 5 stars with an average return of -11.9% and a 37.5% success rate. Zhang covers the Technology sector, focusing on stocks such as Chinacache International, Sky-Mobi Limited, and Synaptics Inc.

Viavi Solutions has an analyst consensus of Strong Buy, with a price target consensus of $8.50.

Viavi Solutions’ market cap is currently $2.23B and has a P/E ratio of 25.37. The company has a book value ratio of 3.1390.

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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.