Viavi Solutions (NASDAQ:VIAV) Shares Up 9.8% – Time to Buy?

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) traded up 9.8% during mid-day trading on Wednesday . The stock traded as high as $41.94 and last traded at $42.1440. Approximately 551,872 shares changed hands during trading, a decline of 91% from the average session volume of 6,291,437 shares. The stock had previously closed at $38.40.

Analyst Upgrades and Downgrades

VIAV has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings cut Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 16th. Susquehanna lifted their target price on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday, July 1st. Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a research note on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.88.

Viavi Solutions Stock Performance

The business has a 50-day moving average of $43.70 and a 200 day moving average of $39.37. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. The company has a market cap of $9.98 billion, a PE ratio of -284.31 and a beta of 1.21.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The business had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. During the same period last year, the firm posted $0.13 earnings per share. The business’s revenue for the quarter was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities research analysts anticipate that Viavi Solutions Inc. will post 1.02 EPS for the current fiscal year.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 1,595 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $37.37, for a total transaction of $59,605.15. Following the completion of the transaction, the executive vice president owned 13,876 shares of the company’s stock, valued at $518,546.12. This represents a 10.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIAV. Silvant Capital Management LLC purchased a new stake in shares of Viavi Solutions in the second quarter worth approximately $33,000. WPG Advisers LLC grew its position in 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 acquiring an additional 380 shares during the last quarter. Persistent Asset Partners Ltd bought a new position in Viavi Solutions in the 2nd quarter valued at $38,000. Carolina Wealth Advisors LLC increased its stake in Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after purchasing an additional 387 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Viavi Solutions during the second quarter worth $57,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Company Profile

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.