Needham & Company LLC Lowers Viavi Solutions (NASDAQ:VIAV) Price Target to $60.00

Viavi Solutions (NASDAQ:VIAV) had its target price decreased by stock analysts at Needham & Company LLC from $68.00 to $60.00 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Needham & Company LLC’s price target points to a potential upside of 53.30% from the stock’s previous close.

VIAV has been the subject of a number of other reports. Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. B. Riley Financial raised their price objective 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 lifted their target price on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Susquehanna upped their target price on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings cut Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 16th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.88.

Viavi Solutions Stock Performance

Shares of VIAV opened at $39.14 on Thursday. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of -260.92 and a beta of 1.21. Viavi Solutions has a 52-week low of $10.30 and a 52-week high of $60.43. The company has a quick ratio of 1.39, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average price of $44.19 and a 200 day moving average price of $38.96.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The firm’s revenue for the quarter was up 52.5% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Research analysts predict that Viavi Solutions will post 1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Viavi Solutions

A number of large investors have recently bought and sold shares of VIAV. WPG Advisers LLC increased its stake in shares of Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 380 shares during the period. State of Wyoming acquired a new stake in Viavi Solutions in the fourth quarter valued at about $34,000. Persistent Asset Partners Ltd purchased a new stake in Viavi Solutions in the 2nd quarter valued at approximately $38,000. Carolina Wealth Advisors LLC boosted its holdings in Viavi Solutions by 83.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after purchasing an additional 387 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Viavi Solutions during the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Key Stories Impacting Viavi Solutions

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: Viavi reported fiscal fourth-quarter adjusted earnings of $0.34 per share, above the $0.30 consensus estimate, while revenue reached $443.1 million—also ahead of expectations and up 52.5% year over year. Viavi Solutions Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Management issued fiscal first-quarter 2027 EPS guidance of $0.40 to $0.42 and is targeting a $500 million quarterly revenue run rate in calendar 2027. Growth is being supported by data-center, aerospace-and-defense demand and contributions from the Spirent portfolio. Viavi Anticipates Q1 FY2027 EPS and $500 Million Quarter
• Positive Sentiment: The earnings call highlighted expanding test opportunities tied to 1.6-terabit networking, co-packaged optics and optical switching, potentially strengthening Viavi’s exposure to AI-related data-center infrastructure. VIAVI Q4 Earnings Call Signals Data Center Strength
• Neutral Sentiment: Analyst sentiment remains broadly constructive, with buy ratings and targets of $60 from Needham and B. Riley, $65 from Stifel and $70 from Rosenblatt, implying substantial potential upside from recent trading levels.
• Negative Sentiment: UBS lowered its target from $60 to $44 and assigned a neutral rating. Other firms also reduced their targets, suggesting concerns that the strong earnings outlook may already be reflected in the valuation. Analyst Price Target Updates
• Negative Sentiment: A valuation-focused assessment following the earnings beat may be contributing to selling pressure, particularly as Viavi continues to report a negative net margin and carries a high earnings multiple based on current results. Viavi Solutions Following Earnings Beat and Guidance

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.