Stifel Starts Viavi Solutions (VIAV) at Hold

(Updated - December 1, 2022 4:10 PM EST)

Stifel analyst Ruben Roy initiates coverage on Viavi Solutions (NASDAQ: VIAV) with a Hold rating and a price target of $12.00.

The analyst comments "We are initiating coverage of Viavi Solutions, Inc. (VIAV) with a Hold rating and $12 target price. VIAV is a global provider of network test, monitoring and assurance solutions for communications service providers (CSPs), enterprises, network equipment manufacturers (NEMs), original equipment manufacturers (OEMs), governments and avionic customers. VIAV is also a leading provider of light management solutions for anti-counterfeiting, consumer electronics, industrial, government and automotive markets. While we are positive on the longer-term growth prospects for the Network and Service enablement markets, we believe VIAV’s large service provider customers have slowed near-to-medium term spending plans, given broader macro headwinds. We expect a cautious spending environment to continue into 2023 and visibility into the timing and shape of a recovery is likely to remain limited over the next few quarters, in our view."

For an analyst ratings summary and ratings history on Viavi Solutions click here. For more ratings news on Viavi Solutions click here.

Shares of Viavi Solutions closed at $11.33 yesterday.

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