Viavi Solutions Inc. (NASDAQ:VIAV) Given Consensus Recommendation of “Moderate Buy” by Analysts

Viavi Solutions Inc. (NASDAQ:VIAV) has received an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $42.8750.

Several research analysts have weighed in on VIAV shares. Susquehanna upped their price target on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research note on Wednesday. Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. B. Riley Financial boosted their target price 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. Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, 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 report on Thursday, April 30th.

Insiders Place Their Bets

In other Viavi Solutions news, CEO Oleg Khaykin sold 136,547 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $51.82, for a total value of $7,075,865.54. Following the sale, the chief executive officer owned 1,188,798 shares in the company, valued at $61,603,512.36. The trade was a 10.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $54.02, for a total transaction of $445,935.10. Following the transaction, the senior vice president directly owned 20,129 shares of the company’s stock, valued at $1,087,368.58. This trade represents a 29.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 450,369 shares of company stock worth $23,789,119. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viavi Solutions

Institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its stake in Viavi Solutions by 431.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after acquiring an additional 5,389,435 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Viavi Solutions during the 1st quarter valued at approximately $75,294,000. Invesco Ltd. grew its holdings in shares of Viavi Solutions by 116.0% in the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock valued at $67,886,000 after purchasing an additional 2,045,702 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Viavi Solutions by 1,011.9% in the fourth quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider’s stock valued at $38,983,000 after purchasing an additional 1,990,848 shares in the last quarter. Finally, Bowen Hanes & Co. Inc. purchased a new position in shares of Viavi Solutions in the fourth quarter valued at $33,323,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions Price Performance

Shares of Viavi Solutions stock opened at $41.66 on Friday. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of -173.58 and a beta of 1.18. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The stock’s 50-day simple moving average is $49.54 and its 200-day simple moving average is $35.21. Viavi Solutions has a 52 week low of $9.61 and a 52 week high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $393.80 million. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The firm’s revenue was up 42.8% on a year-over-year basis. During the same quarter last year, the business posted $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, analysts expect that Viavi Solutions will post 0.73 earnings per share for the current fiscal year.

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.