Analyst Ratings for Viavi Solutions Inc. (VIAV)

Updated: 2017-07-28

Viavi Solutions Inc. (NASDAQ:VIAV) was awarded an average rating of Overweight from investment analysts following the stock. VIAV had previously received a consensus rating of Overweight a month ago.

12 analysts issued ratings on the stock, where 7 gave VIAV a buy rating, 0 gave an overweight rating, 5 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. During this time, the number of analysts bearish on the stock has increased by 0.

Several price targets were given for VIAV by the analysts covering the stock. The highest price target was 17, implying a possible profit of 54.55 percent. The minimum price target given was 9, which equates to a potential downside of -18.18 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -5.56 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 5.6 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of VIAV to grow at a rate of 1.32 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. VIAV has a PEG ratio of 23.81.

VIAV has traded between a high of 11.89 and a low of 6.96 over the past year. The current market price is above the trailing year's low by 58.05 percent, and 7.49 percent lower than its 52-week high. VIAV has a price/earnings ratio of 31.43. Investors typically compare the P/E ratio to a company's peers in the industry. The VIAV value stock report compares VIAV to some of its peers using value stock charts. The stock has a market capitalization of $2.49 billion. VIAV is estimated to release their earnings results for the quarter on 0000-00-00, days from today.