Viavi Solutions (NASDAQ:VIAV) Given New $17.00 Price Target at Northland Securities

Viavi Solutions (NASDAQ: VIAV) is a communications equipment provider that operates in various markets, including optical and data communication, wireless, and industrial automation. The company's products and services are designed to help customers improve their network performance, reliability, and efficiency.

On Wednesday morning, Northland Securities published a research report on Viavi Solutions, increasing its price objective from $12.00 to $17.00. This means that the firm now believes that the stock is undervalued and has the potential for significant growth in the future. The company currently has an outperform rating from Northland Securities, indicating that the firm expects the stock to perform better than the broader market.

In addition to Northland Securities' report, other equities analysts have also issued reports about Viavi Solutions. Stifel Nicolaus upgraded its recommendation on the stock from hold to buy, citing strong growth prospects and a competitive advantage in the optical communication market.

Overall, the increased price objective and positive reports from multiple analysts suggest that investors may view Viavi Solutions as a promising investment opportunity with significant growth potential. However, it's important to note that past performance is not necessarily indicative of future results, and investors should conduct their own research and due diligence before making any investment decisions.