Viavi Solutions (NASDAQ:VIAV) Reaches New 1-Year High – Time to Buy?

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) reached a new 52-week high during trading on Thursday . The company traded as high as $19.90 and last traded at $19.3830, with a volume of 1190364 shares. The stock had previously closed at $19.12.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. B. Riley raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, October 30th. UBS Group increased their price target on Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Argus raised their price target on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Finally, Rosenblatt Securities increased their target price on Viavi Solutions from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.44.

Viavi Solutions Stock Performance

The firm has a 50 day moving average of $17.85 and a 200-day moving average of $14.18. The company has a market cap of $4.33 billion, a P/E ratio of 276.57 and a beta of 0.94. The company has a quick ratio of 1.74, a current ratio of 1.99 and a debt-to-equity ratio of 0.88.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. Viavi Solutions had a return on equity of 10.70% and a net margin of 1.33%.The business had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $294.35 million. During the same period in the prior year, the business earned $0.06 EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. As a group, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, Director Donald A. Colvin sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $17.09, for a total transaction of $683,600.00. Following the transaction, the director owned 148,524 shares of the company’s stock, valued at approximately $2,538,275.16. This trade represents a 21.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Barnes sold 121,467 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $18.18, for a total transaction of $2,208,270.06. Following the completion of the sale, the director owned 27,213 shares of the company’s stock, valued at approximately $494,732.34. This represents a 81.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 606,226 shares of company stock worth $10,714,820 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 valued at $84,258,000 after acquiring an additional 5,389,435 shares during the period. Aberdeen Group plc bought a new stake in Viavi Solutions during the third quarter valued at about $20,110,000. Schroder Investment Management Group grew its stake in Viavi Solutions by 16.6% in the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock valued at $82,709,000 after purchasing an additional 1,166,547 shares during the last quarter. Tributary Capital Management LLC grew its stake in Viavi Solutions by 92.9% in the third quarter. Tributary Capital Management LLC now owns 2,207,642 shares of the communications equipment provider’s stock valued at $28,015,000 after purchasing an additional 1,063,330 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Viavi Solutions by 772.9% in the third quarter. Millennium Management LLC now owns 1,163,336 shares of the communications equipment provider’s stock worth $14,763,000 after purchasing an additional 1,030,071 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

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.