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Viavi Solutions (VIAV) Receives a Hold from Needham

In a report released today, Alex Henderson from Needham maintained a Hold rating on Viavi Solutions (VIAVResearch Report). The company’s shares closed yesterday at $14.14.

According to TipRanks, Henderson is a 5-star analyst with an average return of 18.2% and a 55.69% success rate. Henderson covers the Technology sector, focusing on stocks such as Ceragon Networks, Viavi Solutions, and Ciena.

Viavi Solutions has an analyst consensus of Moderate Buy, with a price target consensus of $17.00.

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Based on Viavi Solutions’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $335.3 million and a net profit of $16.5 million. In comparison, last year the company earned a revenue of $310.9 million and had a net profit of $3.3 million

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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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