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VIAV

Viavi

$10.94

-0.02 (-0.18%)

16:04
08/14/18
08/14
16:04
08/14/18
16:04

Viavi CEO says 'optimistic on several macro industry trends' in FY19

CEO Khaykin added, "Looking ahead to fiscal 2019, we are optimistic on several macro industry trends that is expected to further drive revenue and profitability growth for VIAVI through increased Fiber-to-the-Home deployment, 5G wireless deployment and further adoption of 3D Sensing on mobile devices."

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    Sep

VIAV Viavi
$10.94

-0.02 (-0.18%)

07/19/18
JPMS
07/19/18
NO CHANGE
Target $80
JPMS
Neutral
JPMorgan raises 3D Sensing estimates for Lumentum, Viavi
JPMorgan analyst Samik Chatterjee raised his 3D Sensing estimates for both Neutral-rated Lumentum (LITE) and Underweight-rated Viavi (VIAV) to reflect higher market share than previously modeled for both on the upcoming launches of the Apple (AAPL) iPhone and accelerated adoption of 3D Sensing across Apple's portfolio of devices. JPMorgan's technology team's channel checks on Apple's 3D Sensing supply chain have indicated limited new suppliers for the 3D Sensing module, making it more likely that the leaders on the iPhoneX hold onto strong market share positions for longer than previously anticipated, Chatterjee tells investors in a research note. Further, the analyst now believes there is greater visibility into the adoption of 3D Sensing on all three iPhone models and two iPad Pro models to be launched by Apple in the second half of 2018. Chatterjee upped his price target for Lumentum to $80 from $78 and for Viavi to $11 from $10.
08/13/18
NEED
08/13/18
UPGRADE
NEED
Buy
Viavi upgraded to Buy from Hold at Needham
08/13/18
NEED
08/13/18
UPGRADE
Target $13.5
NEED
Buy
Viavi upgraded to Buy at Needham on 'more constructive' outlook
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.
08/13/18
08/13/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Papa John's (PZZA) upgraded to Buy from Neutral at Longbow. 2. Mylan (MYL) and Endo (ENDP) were upgraded to Outperform from Sector Perform at RBC Capital. 3. Dollar Tree (DLTR) upgraded to Overweight from Neutral at Atlantic Equities. 4. Fluor (FLR) upgraded to Buy from Neutral at UBS with analyst Steven Fisher saying he expects Fluor's backlog to inflect positively in Q3 and rise 35%-40% by the middle of 2019. 5. Viavi (VIAV) upgraded to Buy from Hold at Needham with analyst Alex Henderson saying the company's latest update suggests it is working through its restructuring and realignment issues. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ALGT

Allegiant Travel

$124.89

-1.45 (-1.15%)

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SPLK

Splunk

$108.55

2.85 (2.70%)

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EFC

Ellington Financial

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0.01 (0.06%)

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NTDOY

Nintendo

$0.00

(0.00%)

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New 'Smash Bros.' fastest selling Switch game so far, Gamesindustry.biz says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

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Alphabet Class A

$1,052.80

5.81 (0.55%)

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

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$1,052.80

5.81 (0.55%)

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APTI

Apptio

$37.86

-0.17 (-0.45%)

18:13
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Downgrade
Apptio rating change  »

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NMRK

Newmark

$8.56

0.21 (2.52%)

18:00
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Newmark CEO Barry Gosin buys over $2.6M in company shares »

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EVTC

Evertec

$26.83

-0.365 (-1.34%)

17:52
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Evertec EVP Ramirez sells 44,378 common shares »

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ALTM

Altus Midstream Company

$8.50

0.6 (7.59%)

, APA

Apache

$31.27

-1.74 (-5.27%)

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Apache reports 13.4% stake in Altus Midstream Company »

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Altus Midstream Company

$8.50

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APA

Apache

$31.27

-1.74 (-5.27%)

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RHT

Red Hat

$177.13

0.03 (0.02%)

, IBM

IBM

$121.13

1.77 (1.48%)

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Red Hat sets January 16 special meeting for vote on IBM merger »

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RHT

Red Hat

$177.13

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IBM

IBM

$121.13

1.77 (1.48%)

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YMAB

Y-mAbs Therapeutics

$22.17

-0.36 (-1.60%)

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Y-mAbs Therapeutics humanized bispecific GD2 antibody IND receives FDA clearance »

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GLD

SPDR Gold Shares

$117.68

-0.39 (-0.33%)

17:39
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Hot Stocks
SPDR Gold Shares holdings rise to 760.32MT from 759.73MT »

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SAEX

SAExploration

$3.33

-0.11 (-3.20%)

17:35
12/10/18
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17:35
Syndicate
SAExploration files to sell common stock for holders »

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BHVN

Biohaven Pharmaceutical

$40.47

-0.25 (-0.61%)

17:27
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Syndicate
Breaking Syndicate news story on Biohaven Pharmaceutical »

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WCC

Wesco

$49.28

-0.675 (-1.35%)

17:26
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MTEM

Molecular Templates

$4.30

-0.08 (-1.83%)

17:25
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Initiation
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COHR

Coherent

$119.34

-0.28 (-0.23%)

17:23
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CAMP

CalAmp

$17.02

-0.23 (-1.33%)

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CalAmp announces $20M stock repurchase program »

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CR

Crane

$78.23

-0.99 (-1.25%)

17:22
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BTX

BioTime

$1.31

-0.03 (-2.24%)

17:22
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Initiation
BioTime initiated  »

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NVAX

Novavax

$2.14

0.09 (4.39%)

17:20
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Initiation
Novavax initiated  »

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LII

Lennox

$207.84

-3.275 (-1.55%)

17:19
12/10/18
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Initiation
Lennox initiated  »

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FCAU

Fiat Chrysler

$15.33

(0.00%)

17:17
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AAPL

Apple

$169.61

1.24 (0.74%)

17:15
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Recommendations
Apple analyst commentary  »

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SWK

Stanley Black & Decker

$121.93

-0.69 (-0.56%)

17:14
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Initiation
Stanley Black & Decker initiated  »

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