Viavi Solutions Inc. (NASDAQ:VIAV) Receives $55.43 Consensus PT from Analysts

Viavi Solutions Inc. (NASDAQ:VIAV) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $55.4286.

A number of research analysts have weighed in on VIAV shares. Wall Street Zen lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Susquehanna increased their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday, July 1st. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a research note on Wednesday, August 19th. Finally, Needham & Company LLC lowered their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th.

Viavi Solutions Price Performance

Viavi Solutions stock opened at $36.20 on Thursday. The company’s fifty day moving average price is $38.12 and its 200 day moving average price is $41.72. Viavi Solutions has a 1 year low of $12.05 and a 1 year high of $60.43. The stock has a market capitalization of $8.93 billion, a P/E ratio of -241.32 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. During the same quarter in the previous year, the firm earned $0.13 EPS. The firm’s revenue was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, equities research analysts anticipate that Viavi Solutions will post 1.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, EVP Ilan Daskal sold 56,290 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $36.29, for a total value of $2,042,764.10. Following the transaction, the executive vice president directly owned 10,132 shares of the company’s stock, valued at $367,690.28. This trade represents a 84.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Luke Scrivanich sold 23,911 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $36.37, for a total value of $869,643.07. Following the completion of the sale, the senior vice president owned 39,598 shares of the company’s stock, valued at $1,440,179.26. This trade represents a 37.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 163,828 shares of company stock valued at $6,676,449. 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 modified their holdings of VIAV. Jefferies Financial Group Inc. purchased a new stake in shares of Viavi Solutions in the fourth quarter valued at about $1,803,000. BlackRock Inc. purchased a new position in Viavi Solutions during the second quarter worth about $1,228,529,000. Jackson Creek Investment Advisors LLC acquired a new position in Viavi Solutions in the 4th quarter valued at about $1,887,000. Tensor Edge Capital LLC acquired a new position in Viavi Solutions in the 4th quarter valued at about $2,673,000. Finally, Intech Investment Management LLC grew its stake in shares of Viavi Solutions by 29.1% in the 4th quarter. Intech Investment Management LLC now owns 109,258 shares of the communications equipment provider’s stock valued at $1,947,000 after buying an additional 24,638 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Company Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks and optical systems. Its products and software help telecommunications providers, network equipment manufacturers, data centers, government organizations, and other enterprises build, validate, monitor, and maintain wired and wireless networks.

The company’s offerings include instruments and software for fiber-optic testing, network installation and certification, service activation, network performance monitoring, troubleshooting, and telecommunications equipment testing.