Why Viavi's Stock Is Trading Higher Today

Viavi Solutions VIAV shares are trading higher on Monday.

JPMorgan upgraded the company's stock from Neutral to Overweight and raised its price target from $14 to $16.

Viavi Solutions is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers.

The company also offers high-performance thin-film optical coatings, providing light management solutions to anti-counterfeiting, 3D sensing, electronics, automotive, defense and instrumentation markets. It operates in three segments: Network Enablement, Service Enablement and Optical Security and Performance Products.

Viavi Solutions shares were trading up 4.31% at $12.09 at time of publication on Monday. The stock has a 52-week high of $16.35 and a 52-week low of $8.08.

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