Is Viavi Solutions Inc (NASDAQ:VIAV)’s Fuel Running High? Reports Show Less Sellers

March 15, 2018 - By Vivian Currie

 Is Viavi Solutions Inc (NASDAQ:VIAV)’s Fuel Running High? Reports Show Less Sellers

The stock of Viavi Solutions Inc (NASDAQ:VIAV) registered a decrease of 6.71% in short interest. VIAV’s total short interest was 10.73 million shares in March as published by FINRA. Its down 6.71% from 11.50M shares, reported previously. With 1.90M shares average volume, it will take short sellers 6 days to cover their VIAV’s short positions. The short interest to Viavi Solutions Inc’s float is 4.74%.

The stock decreased 1.65% or $0.17 during the last trading session, reaching $10.15. About 1.83M shares traded. Viavi Solutions Inc. (NASDAQ:VIAV) has risen 77.76% since March 15, 2017 and is uptrending. It has outperformed by 61.06% the S&P500.

Viavi Solutions Inc. provides network test, monitoring, and assurance solutions to communications service providers, and enterprises and their ecosystems worldwide. The company has market cap of $2.29 billion. The firm operates through Network Enablement, Service Enablement, and Optical Security and Performance Products divisions. It has a 79.92 P/E ratio. The Network Enablement segment offers testing solutions that access the network to perform build-out and maintenance tasks.

Viavi Solutions Inc. (NASDAQ:VIAV) Ratings Coverage

Among 7 analysts covering Viavi Solutions Inc (NASDAQ:VIAV), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Viavi Solutions Inc had 13 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 12 by Craig-Hallum. The rating was maintained by Jefferies with “Hold” on Friday, August 14. The rating was maintained by M Partners with “Buy” on Monday, June 6. As per Friday, August 14, the company rating was reinitiated by William Blair. B. Riley & Co upgraded Viavi Solutions Inc. (NASDAQ:VIAV) on Wednesday, August 5 to “Buy” rating. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 10. The stock has “Buy” rating by UBS on Thursday, August 13. Craig Hallum downgraded the stock to “Hold” rating in Wednesday, August 12 report. The company was upgraded on Tuesday, October 11 by JP Morgan.

Another recent and important Viavi Solutions Inc. (NASDAQ:VIAV) news was published by which published an article titled: “Viavi Solutions (VIAV) Increases Buyback Program from $150 Million to $200 Million” on February 15, 2018.

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