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

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $49.8750.

A number of research analysts have weighed in on VIAV shares. Susquehanna upped their target price on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday, July 1st. Weiss Ratings upgraded Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday. Needham & Company LLC dropped their price target on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Finally, UBS Group reduced their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th.

Viavi Solutions Trading Down 0.9%

NASDAQ:VIAV opened at $38.45 on Friday. The company has a 50-day moving average price of $41.43 and a 200-day moving average price of $40.84. The stock has a market cap of $9.49 billion, a price-to-earnings ratio of -256.32 and a beta of 1.21. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. Viavi Solutions has a 12 month low of $11.09 and a 12 month high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. Viavi Solutions’s quarterly revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities analysts predict that Viavi Solutions will post 1.32 EPS for the current year.

Insiders Place Their Bets

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the sale, the director directly owned 71,497 shares of the company’s stock, valued at approximately $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul Mcnab sold 1,595 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the transaction, the executive vice president owned 13,876 shares of the company’s stock, valued at $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Viavi Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Viavi Solutions in the second quarter worth about $1,228,529,000. California State Teachers Retirement System grew its holdings in shares of Viavi Solutions by 4,790.6% during the second quarter. California State Teachers Retirement System now owns 12,773,316 shares of the communications equipment provider’s stock valued at $609,926,000 after buying an additional 12,512,136 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Viavi Solutions by 431.1% during the third 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 in the last quarter. Bank of America Corp DE bought a new stake in shares of Viavi Solutions during the second quarter valued at approximately $134,922,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Viavi Solutions during the first quarter valued at approximately $75,294,000. 95.54% of the stock is currently owned by institutional investors.

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.