The shares of Viavi Solutions Inc. (NASDAQ:VIAV) has been pegged with a rating of Buy by Stifel in its latest research note that was published on October 23rd, 2018. Stifel wasn’t the only research firm that published a report of Viavi Solutions Inc., with other equities research analysts also giving their opinion on the stock. Needham advised investors in its research note published on August 13th, 2018, to Buy the VIAV stock while also putting a $13.50 price target. The stock had earned Hold rating from Deutsche Bank when it published its report on June 8th, 2018. The stock was given Buy rating by Argus in its report released on May 8th, 2018. JP Morgan was of a view that VIAV is Underweight in its latest report on May 3rd, 2018. Loop Capital thinks that VIAV is worth Buy rating. This was contained in the firm’s report on February 5th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $13.53. The price of the stock the last time has raised by 24.38% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 58.72.
The shares of the company added by 1.25% during the trading session on Friday, reaching a low of $10.375 while ending the day at $10.56. During the trading session, a total of 1.96 million shares were traded which represents a 15.64% incline from the average session volume which is 2.32M shares. VIAV had ended its last session trading at 10.43. Viavi Solutions Inc. currently has a market cap of $2.40B while its P/E earnings growth sits at 2.52, with a beta of 0.85. Viavi Solutions Inc. debt-to-equity ratio currently stands at 1.03, while its quick ratio hovers at 2.20. VIAV 52-week low price stands at $8.49 while its 52-week high price is $12.82.
The company in its last quarterly report recorded $0.15 earnings per share which is above the $0.14 predicted by most analysts. The Viavi Solutions Inc. generated $268.50 million in revenue during the last quarter, which is slightly lower than the $268.50 million predicted by analysts. In the second quarter last year, the firm recorded $0.14 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 6.67%. Viavi Solutions Inc. has the potential to record -0.25 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Maxim Group published a research note on December 6th, 2018 where it informed investors and clients that Hewlett Packard Enterprise Company (NYSE:HPE) is now rated as Hold. Their price target on the stock stands at $17. Needham also rated HPE as Upgrade on August 13th, 2018, with its price target of $5.25 suggesting that HPE could surge by 19% from its current share price. Even though the stock has been trading at $14.13/share, analysts expect it to surge higher by 0.78% to reach $17.58/share. It started the day trading at $14.26 and traded between $13.89 and $14.24 throughout the trading session.
A look at its technical shows that HPE’s 50-day SMA is 14.54 while its 200-day SMA stands at 15.80. The company’s average trading volume currently stands at 11.58M shares, which means that the short-interest ratio is just 3.07 days. Over the past seven days, the company moved, with its shift of 3.19%. Looking further, the stock has dropped -5.76% over the past 90 days while it lost -7.47% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Dodge Cox sold more HPE shares, decreasing its portfolio by -4.16% during the last quarter. This move now sees Dodge Cox selling -7,642,644 shares in the last quarter, thus it now holds 176,026,592 shares of HPE, with a total valuation of $2,325,311,280. The Vanguard Group Inc meanwhile sold more HPE shares in the recently filed quarter, changing its stake to $1,473,173,982 worth of shares. PRIMECAP Management Co followed the path by decreasing its HPE portfolio by -0.37% in the quarter. This means that PRIMECAP Management Co sold -357,911 shares in the last quarter and now controls 96,970,449 shares of the HPE stock, with the valuation hitting $1,280,979,631.
Similarly, BlackRock Fund Advisors decreased its Hewlett Packard Enterprise Company shares by -3.15% during the recently filed quarter. After selling -2,161,940 shares in the last quarter, the firm now controls 66,449,228 shares of Hewlett Packard Enterprise Company which are valued at $877,794,302. In the same vein, Hotchkis Wiley Capital Manageme increased its Hewlett Packard Enterprise Company shares by during the most recent reported quarter. The firm bought 648,648 shares during the quarter which increased its stakes to 62,973,969 shares and is now valued at $831,886,130. Following these latest developments, around 0.10% of Hewlett Packard Enterprise Company stocks are owned by institutional investors and hedge funds.