Brokers Offer Predictions for Viavi Solutions Q2 Earnings

Viavi Solutions Inc. (NASDAQ:VIAV) – Northland Securities increased their Q2 2027 earnings per share estimates for shares of Viavi Solutions in a research report issued on Thursday, November 5th. Northland Securities analyst T. Savageaux now forecasts that the communications equipment provider will post earnings per share of $0.47 for the quarter, up from their previous estimate of $0.38. The consensus estimate for Viavi Solutions’ current full-year earnings is $1.42 per share.

Several other brokerages have also weighed in on VIAV. B. Riley Financial dropped their price objective on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Rosenblatt Securities restated a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a research note on Wednesday, September 23rd. Zacks Research lowered Viavi Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 7th. Finally, Stifel Nicolaus set a $65.00 price target on Viavi Solutions in a research note on Wednesday, September 23rd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $57.83.

Viavi Solutions Stock Up 6.4%

Viavi Solutions stock opened at $33.00 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. Viavi Solutions has a 12-month low of $15.51 and a 12-month high of $60.43. The firm’s fifty day moving average is $36.44 and its 200 day moving average is $38.83. The company has a market capitalization of $8.12 billion, a PE ratio of 137.51 and a beta of 1.31.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, November 4th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. Viavi Solutions had a return on equity of 25.36% and a net margin of 3.97%. The company had revenue of $469.30 million for the quarter, compared to the consensus estimate of $455.06 million. During the same period in the previous year, the business earned $0.15 EPS. The firm’s revenue was up 56.9% compared to the same quarter last 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 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 approximately $367,690.28. This trade represents a 84.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul McNab sold 11,032 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $38.97, for a total transaction of $429,917.04. Following the completion of the transaction, the executive vice president directly owned 25,639 shares in the company, valued at $999,151.83. This trade represents a 30.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 198,099 shares of company stock worth $7,916,628. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Large investors have recently added to or reduced their stakes in the business. USS Investment Management Ltd boosted its stake in Viavi Solutions by 43.0% during the 3rd quarter. USS Investment Management Ltd now owns 15,300 shares of the communications equipment provider’s stock valued at $642,000 after purchasing an additional 4,600 shares during the last quarter. Westpac Banking Corp purchased a new stake in shares of Viavi Solutions in the third quarter worth approximately $1,555,000. Private Advisor Group LLC raised its stake in shares of Viavi Solutions by 19.4% in the third quarter. Private Advisor Group LLC now owns 8,803 shares of the communications equipment provider’s stock worth $369,000 after purchasing an additional 1,430 shares during the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of Viavi Solutions by 65.8% in the third quarter. Stephens Investment Management Group LLC now owns 1,274,407 shares of the communications equipment provider’s stock valued at $53,423,000 after purchasing an additional 505,731 shares in the last quarter. Finally, Rothschild Investment LLC lifted its holdings in shares of Viavi Solutions by 1,520.3% in the third quarter. Rothschild Investment LLC now owns 12,622 shares of the communications equipment provider’s stock valued at $529,000 after purchasing an additional 11,843 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

About Viavi Solutions

Viavi Solutions Inc. develops testing, monitoring and assurance solutions for communications networks. Its products and software help service providers, equipment makers and enterprises build, maintain and troubleshoot fiber-optic, broadband, wireless and other network infrastructure, including technologies used in 5G and data centers. The company also makes optical technologies and security products, including features used to authenticate banknotes, identity documents and branded goods. These offerings support applications in areas such as anti-counterfeiting, document security and optical coatings.