Viavi Solutions (NASDAQ:VIAV) Reaches New 1-Year High – Here’s What Happened

Viavi Solutions Inc. (NASDAQ:VIAV) reached a new 52-week high on Monday . The company traded as high as $28.31 and last traded at $27.4160, with a volume of 583779 shares traded. The stock had previously closed at $27.53.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Argus raised their target price on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 18th. Stifel Nicolaus raised their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. B. Riley Financial raised their target price on Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Susquehanna lifted their target price on Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.13.

Viavi Solutions Stock Performance

The stock’s 50-day moving average price is $21.02 and its 200 day moving average price is $16.46. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46. The company has a market cap of $6.27 billion, a P/E ratio of -150.39 and a beta of 0.95.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The firm had revenue of $369.30 million for the quarter, compared to analyst estimates of $365.25 million. During the same quarter last year, the firm posted $0.13 EPS. The company’s revenue was up 36.4% on a year-over-year basis. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, research analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard Belluzzo sold 15,775 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $26.85, for a total transaction of $423,558.75. Following the transaction, the director directly owned 211,850 shares in the company, valued at $5,688,172.50. The trade was a 6.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Gary W. Staley sold 24,237 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $23.93, for a total transaction of $579,991.41. Following the transaction, the senior vice president directly owned 136,267 shares of the company’s stock, valued at $3,260,869.31. The trade was a 15.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 832,253 shares of company stock valued at $18,676,085 over the last three months. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viavi Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lido Advisors LLC raised its stake in shares of Viavi Solutions by 2.0% in the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock valued at $438,000 after acquiring an additional 473 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in Viavi Solutions by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock valued at $580,000 after purchasing an additional 478 shares in the last quarter. Covestor Ltd raised its position in Viavi Solutions by 22.9% in the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 676 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Viavi Solutions by 1.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock valued at $910,000 after purchasing an additional 800 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Viavi Solutions by 33.6% in the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 825 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

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.