Rosenblatt upgraded Viavi (VIAV) to Buy from Neutral with a $14 price target The firm says the improvements in the company’s Network Enablement instruments business seen in the December quarter “look real and sustainable over several more quarters.” Viavi is benefiting from better telecom and cable spending on field test products for fiber access, optical, and 5G, particularly in North America but also in Europe, the analyst tells investors in a research note. Rosenblatt sees an opportunity to buy the shares following the recent pullback. It cites sustained telecom improvement for the upgrade.
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Read More on VIAV:
- Viavi upgraded to Buy from Neutral at Rosenblatt
- Viavi Solutions Faces Challenges in Scaling and Revenue Uncertainty Despite Recent Acquisition
- Viavi Solutions to Acquire Spirent’s Ethernet Business
- Viavi to buy Spirent ethernet, network security business from Keysight for $410M
- Viavi, AT&T and Verizon team to accelerate testing of Open RAN
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