Viavi Solutions (NASDAQ:VIAV) Reaches New 52-Week High – Here’s Why

Viavi Solutions Inc. (NASDAQ:VIAV)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $35.76 and last traded at $35.8570, with a volume of 2767462 shares. The stock had previously closed at $33.61.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VIAV shares. Needham & Company LLC increased their price target on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Stifel Nicolaus boosted their price objective on Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. B. Riley Financial upped their target price on Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 26th. Susquehanna raised their target price on Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Finally, Rosenblatt Securities boosted their price target on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Viavi Solutions currently has an average rating of “Moderate Buy” and an average price target of $25.00.

Viavi Solutions Trading Up 5.0%

The company has a market cap of $8.16 billion, a PE ratio of -196.88 and a beta of 0.91. 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 business has a 50-day simple moving average of $26.47 and a 200-day simple moving average of $19.41.

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

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Gary W. Staley sold 24,237 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $23.93, for a total value of $579,991.41. Following the sale, the senior vice president directly owned 136,267 shares in the company, valued at $3,260,869.31. This trade represents a 15.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Oleg Khaykin sold 74,315 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total value of $1,967,861.20. Following the sale, the chief executive officer directly owned 1,849,437 shares in the company, valued at $48,973,091.76. This trade represents a 3.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 485,772 shares of company stock valued at $12,736,803 over the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Viavi Solutions

A number of large investors have recently made changes to their positions in VIAV. Capital World Investors boosted its holdings in shares of Viavi Solutions by 4.4% in the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock valued at $278,356,000 after acquiring an additional 664,956 shares during the period. Schroder Investment Management Group raised its holdings in Viavi Solutions by 16.6% during the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock worth $82,709,000 after purchasing an additional 1,166,547 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Viavi Solutions by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock valued at $86,875,000 after buying an additional 231,570 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Viavi Solutions by 0.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock worth $118,915,000 after acquiring an additional 33,463 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Viavi Solutions by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock worth $95,373,000 after acquiring an additional 20,776 shares in the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

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.