Needham analyst Ryan Koontz raised the firm’s price target on Viavi (VIAV) to $20 from $16 and keeps a Buy rating on the shares. The company beat consensus Q1 estimates for revenue and earnings and guided organic revenue above consensus by 4%, also guiding stub Q2 revenue from Spirent above previous expectations, the analyst tells investors in a research note. NSE – Network and Service Enablement – benefited from Viavi exposure to the data center ecosystem, the firm added.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VIAV: