Viavi Solutions (VIAV) Downgraded by Zacks Investment Research to “Sell”
Summary
The Company offers installation, commissioning, scripting, custom analytics, integration, business intelligence consulting, operational assistance, field and lab testing, technical training, maintenance, and support services. Morgan Stanley set a $13.00 price objective on shares of Viavi Solutions and gave the stock a hold rating in a research note on Friday, May 3rd. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. As a group, equities research analysts forecast that Viavi Solutions will post 0.55 EPS for the current fiscal year. Toronado Partners LLC acquired a new stake in shares of Viavi Solutions during the fourth quarter worth approximately $13,751,000.
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