J.P. Morgan Sticks to Its Hold Rating for Viavi Solutions (VIAV)

In a report released on August 12, Samik Chatterjee from J.P. Morgan maintained a Hold rating on Viavi Solutions (VIAVResearch Report), with a price target of $16.00. The company’s shares closed yesterday at $15.79.

Chatterjee covers the Technology sector, focusing on stocks such as Apple, Amphenol, and Cisco Systems. According to TipRanks, Chatterjee has an average return of 15.1% and a 61.90% success rate on recommended stocks.

In addition to J.P. Morgan, Viavi Solutions also received a Hold from Needham’s Alex Henderson in a report issued on August 12. However, on the same day, Susquehanna reiterated a Buy rating on Viavi Solutions (NASDAQ: VIAV).

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The company has a one-year high of $18.14 and a one-year low of $12.65. Currently, Viavi Solutions has an average volume of 1.47M.

Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VIAV in relation to earlier this year.

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Viavi Solutions, Inc. engages in the provision of network test, monitoring, and assurance solutions. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance. The Network Enablement segment offers integrated portfolio of testing solutions that access the network to perform build-out and maintenance tasks. The Service Enablement segment covers solutions and services primarily for communication service providers, and enterprises that deliver and/or operate broadband and IP networks (fixed and mobile) supporting voice, video, and data services as well as a wide range of applications. The Optical Security and Performance segment leverages its core optical coating technologies and volume manufacturing capability to design, manufacture, and sell products targeting anti-counterfeiting, consumer and industrial, government, healthcare, and other markets. The company was founded in 1979 and is headquartered in San Jose, CA.

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