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Fly News Breaks for August 13, 2018
VIAV
Aug 13, 2018 | 07:32 EDT
As reported earlier, Needham analyst Alex Henderson upgraded Viavi to Buy from Hold with a price target of $13.50, saying the company's latest update suggests it is working through its restructuring and realignment issues. The analyst notes that the company's 3D sensing business is poised to ramp while its valuation is less priced in than those of its competitors. Henderson also states the the accretion from Viavi's Cobham acquisition announced in February will kick in just as that business approaches a $38.5M FirstNet sole sourcing deal.
News For VIAV From the Last 2 Days
VIAV
Mar 27, 2024 | 16:16 EDT
Mark Kleinman of Sky News tweeted: "Exclusive: Spirent Communications, the FTSE-250 cybersecurity specialist, is the latest London-listed company to be drawn into a bidding war after US-based Keysight Technologies moved to trump an agreed GBP 1bn takeover by rival suitor Viavi Solutions." Reference Link