Short Interest Watching: Is Viavi Solutions Incorporated (NASDAQ:VIAV)’s Fuel Running High? Reports Show Less Sellers

November 18, 2016 - By Darrin Black   ·   0 Comments

Short Interest Watching: Is Viavi Solutions Incorporated (NASDAQ:VIAV)’s Fuel Running High? Reports Show Less Sellers

The stock of Viavi Solutions Incorporated (NASDAQ:VIAV) registered a decrease of 2.46% in short interest. VIAV’s total short interest was 4.26 million shares in November as published by FINRA. Its down 2.46% from 4.37 million shares, reported previously. With 1.69 million shares average volume, it will take short sellers 3 days to cover their VIAV’s short positions. The short interest to Viavi Solutions Incorporated’s float is 1.84%. About 1.34 million shares traded hands. Viavi Solutions Inc (NASDAQ:VIAV) has risen 19.36% since April 18, 2016 and is uptrending. It has outperformed by 14.93% the S&P500.

Viavi Solutions Inc. is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The company has a market cap of $1.81 billion. The Firm also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets. It has a 44.14 P/E ratio. The Company’s divisions include Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP).

Viavi Solutions Inc (NASDAQ:VIAV) Ratings Coverage

Out of 7 analysts covering Viavi Solutions Inc (NASDAQ:VIAV), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Viavi Solutions Inc has been the topic of 13 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Monday, August 10 the stock rating was downgraded by RBC Capital Markets to “Outperform”. The stock of Viavi Solutions Inc (NASDAQ:VIAV) earned “Outperform” rating by William Blair on Friday, August 14. As per Thursday, August 13, the company rating was initiated by UBS. The stock of Viavi Solutions Inc (NASDAQ:VIAV) earned “Buy” rating by B. Riley & Co on Wednesday, August 5. As per Tuesday, October 11, the company rating was upgraded by JP Morgan. The firm has “Buy” rating given on Monday, June 6 by M Partners. Craig-Hallum downgraded the stock to “Buy” rating in Wednesday, August 12 report. The stock of Viavi Solutions Inc (NASDAQ:VIAV) has “Hold” rating given on Wednesday, August 12 by Craig Hallum. Jefferies maintained it with “Hold” rating and $6 target price in Friday, August 14 report.

VIAV Company Profile

Viavi Solutions Inc. (Viavi), incorporated on June 23, 1993, is a well-known provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Firm also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets. The Company’s divisions include Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP). The NE segment provides testing solutions that access the network to perform build-out and maintenance tasks. The SE segment offers solutions, which are embedded systems that yield network, service and application performance data. The OSP segment provides optical security solutions.

More recent Viavi Solutions Inc (NASDAQ:VIAV) news were published by: Businesswire.com which released: “Sandell Releases Open Letter to CEO of Viavi Solutions Inc.” on August 16, 2016. Also Fool.com published the news titled: “Viavi Solutions Inc. Stock Up 17% on Strong Earnings: Here’s What You Need to Know” on February 03, 2016. Streetinsider.com‘s news article titled: “Form 4 VIAVI SOLUTIONS INC. For: Nov 14 Filed by: BARNES KEITH” with publication date: November 17, 2016 was also an interesting one.

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By Darrin Black


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