UPDATE: Argus Upgrades Viavi Solutions (VIAV) to Buy

(updated to add analyst comment and price target)

Argus upgraded Viavi Solutions (NASDAQ: VIAV) from Hold to Buy, price target $15.00.

Analyst Jim Kelleher comments "As a result of both existing business and the acquired business, we believe Viavi is well positioned for the coming age of 5G wireless. Carriers, which as a group have reduced spending in advance of the new standard, should begin spending more aggressively to prepare and deploy the new standard beginning in calendar 2H18. Spending should gather steam across 2019 and intensify into 2020. Given the IP (internet protocol) core at the heart of the 5G standard, as well as the massive traffic flow the new standards will enable, we expect demands on Viavi’s test & measurement business to accelerate across the next several years."

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 $9.92 yesterday.

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