Viavi Solutions (NASDAQ:VIAV) Stock Price Up 7.9% – Here’s What Happened

Viavi Solutions Inc. (NASDAQ:VIAV) was up 7.9% during mid-day trading on Friday . The company traded as high as $53.12 and last traded at $54.2060. Approximately 439,600 shares were traded during trading, a decline of 93% from the average daily volume of 5,972,889 shares. The stock had previously closed at $50.24.

Wall Street Analyst Weigh In

VIAV has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. B. Riley Financial raised their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Needham & Company LLC boosted their price objective on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. UBS Group upped their target price on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.75.

Viavi Solutions Stock Up 6.4%

The company has a market capitalization of $12.50 billion, a P/E ratio of -222.74 and a beta of 1.18. The firm’s 50 day moving average price is $47.36 and its two-hundred day moving average price is $32.04. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The company had revenue of $406.80 million for the quarter, compared to the consensus estimate of $393.80 million. During the same period last year, the company earned $0.15 earnings per share. The firm’s revenue was up 42.8% compared to the same quarter last year. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Equities research analysts forecast that Viavi Solutions Inc. will post 0.73 EPS for the current year.

Insider Activity

In related news, SVP Luke M. Scrivanich sold 10,693 shares of Viavi Solutions stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $53.00, for a total value of $566,729.00. Following the sale, the senior vice president owned 39,287 shares of the company’s stock, valued at approximately $2,082,211. The trade was a 21.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Doug Gilstrap sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the sale, the director owned 55,766 shares in the company, valued at $3,067,130. The trade was a 15.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 450,369 shares of company stock worth $23,789,119. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. WPG Advisers LLC boosted its holdings in shares of Viavi Solutions by 96.2% in the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 380 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Viavi Solutions by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock valued at $204,000 after buying an additional 394 shares in the last quarter. Lido Advisors LLC grew its stake in shares of Viavi Solutions by 2.0% in the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock valued at $438,000 after buying an additional 473 shares in the last quarter. Maryland State Retirement & Pension System grew its stake in shares of Viavi Solutions by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock valued at $580,000 after buying an additional 478 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Viavi Solutions by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock valued at $910,000 after buying an additional 800 shares in the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

About Viavi Solutions

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.