Viavi Solutions Inc. (NASDAQ:VIAV) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $39.25.

VIAV has been the subject of several research analyst reports. Susquehanna lifted their price target on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a research note on Thursday, April 30th. Needham & Company LLC lifted their price target on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. B. Riley Financial lifted their price target on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 24th. UBS Group lifted their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd.

Insider Buying and Selling

In related news, CEO Oleg Khaykin sold 136,547 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 1,188,798 shares of the company’s stock, valued at $61,603,512.36. The trade was a 10.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paul Mcnab sold 2,727 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $54.96, for a total transaction of $149,875.92. Following the completion of the transaction, the executive vice president directly owned 15,471 shares of the company’s stock, valued at $850,286.16. This trade represents a 14.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 450,369 shares of company stock valued at $23,789,119 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Large investors have recently bought and sold shares of the business. WPG Advisers LLC raised its stake in Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 380 shares in the last quarter. Cedar Mountain Advisors LLC bought a new position in Viavi Solutions in the first quarter worth approximately $50,000. State of Wyoming bought a new position in Viavi Solutions in the fourth quarter worth approximately $34,000. Hantz Financial Services Inc. grew its position in shares of Viavi Solutions by 86.2% in the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock worth $51,000 after buying an additional 1,317 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Viavi Solutions in the 3rd quarter worth approximately $44,000. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

Viavi Solutions stock opened at $48.75 on Tuesday. The company has a 50 day moving average price of $46.12 and a 200-day moving average price of $31.22. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61. Viavi Solutions has a fifty-two week low of $9.08 and a fifty-two week high of $60.43. The company has a market capitalization of $11.40 billion, a PE ratio of -203.12 and a beta of 1.18.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $406.80 million during the quarter, compared to the consensus estimate of $393.80 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company’s revenue was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, equities analysts forecast that Viavi Solutions will post 0.73 earnings per share for the current 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.