Viavi Solutions (VIAV) PT Raised to $11 at Stifel; 'Muted Impact Near-Term, Competitive Position & Further 3DS/Filter Adoption Provide Upside'

June 22, 2017 6:43 AM EDT
Get Alerts VIAV Hot Sheet
Price: $17.70 +0.28%

Rating Summary:
    12 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 42
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Stifel raised its price target on Viavi Solutions (NASDAQ: VIAV) to $11.00 (from $9.50) while maintaining a Hold rating, following recent industry commentary on orders and timing of revenue recognition.

Analyst Patrick Newton highlights recent industry commentary regarding orders and the timing of revenue recognition attributable to 3D sensing applications, as the company's proprietary low-angle shift filter technology has enabled the company to develop an industry leading position in the initial adoption of 3DS technology, with checks indicating IP and patents should result in a market-leading position for the foreseeable future

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