Viavi Solutions Inc. (NASDAQ:VIAV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $42.75.

Several analysts have recently commented on the company. Susquehanna increased their target price on Viavi Solutions from $25.00 to $65.00 and gave the stock a “positive” rating in a report on Thursday, April 30th. B. Riley Financial increased their target price on Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, April 24th. UBS Group increased their target price on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Wall Street Zen upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Needham & Company LLC increased their target price on Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, March 2nd.

Viavi Solutions Stock Performance

Viavi Solutions stock opened at $53.46 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39. The stock has a fifty day moving average price of $47.36 and a two-hundred day moving average price of $32.04. Viavi Solutions has a 52-week low of $9.08 and a 52-week high of $60.43. The firm has a market capitalization of $12.50 billion, a P/E ratio of -222.74 and a beta of 1.18.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm had revenue of $406.80 million during the quarter, compared to analyst estimates of $393.80 million. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The business’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, analysts anticipate that Viavi Solutions will post 0.73 EPS for the current fiscal year.

Insider Activity at Viavi Solutions

In other news, SVP Kevin Christopher Siebert sold 8,255 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $54.02, for a total transaction of $445,935.10. Following the sale, the senior vice president owned 20,129 shares in the company, valued at approximately $1,087,368.58. This represents a 29.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul Mcnab sold 2,727 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $54.96, for a total value of $149,875.92. Following the sale, the executive vice president owned 15,471 shares in the company, valued at $850,286.16. The trade was a 14.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 450,369 shares of company stock valued at $23,789,119. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viavi Solutions

Hedge funds have recently added to or reduced their stakes in the company. WPG Advisers LLC boosted its holdings in Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 380 shares during the last quarter. Cedar Mountain Advisors LLC bought a new position in Viavi Solutions in the first quarter valued at about $50,000. State of Wyoming bought a new position in Viavi Solutions in the fourth quarter valued at about $34,000. Hantz Financial Services Inc. boosted its holdings in Viavi Solutions by 86.2% in the fourth quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after acquiring an additional 1,317 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Viavi Solutions in the third quarter valued at about $44,000. Institutional investors own 95.54% of the company’s stock.

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.