Viavi Solutions’ (VIAV) Buy Rating Reiterated at Rosenblatt Securities

Viavi Solutions (NASDAQ:VIAV)‘s stock had its “buy” rating reaffirmed by equities researchers at Rosenblatt Securities in a research report issued on Wednesday, Benzinga reports. They presently have a $70.00 target price on the communications equipment provider’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 92.31% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Zacks Research upgraded Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. B. Riley Financial cut their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Susquehanna upped their price objective on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a report on Wednesday, July 1st. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Finally, Weiss Ratings downgraded shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.43.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $36.40 on Wednesday. The firm has a 50-day simple moving average of $38.01 and a 200-day simple moving average of $41.75. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of -242.65 and a beta of 1.22. Viavi Solutions has a 52 week low of $12.05 and a 52 week high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data 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. The company had revenue of $443.10 million during 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%. Viavi Solutions’s revenue was up 52.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities analysts predict that Viavi Solutions will post 1.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Viavi Solutions news, SVP Luke Scrivanich sold 23,911 shares of Viavi Solutions stock in a transaction on Monday, August 31st. The stock was sold at an average price of $36.37, for a total value of $869,643.07. Following the sale, the senior vice president owned 39,598 shares in the company, valued at $1,440,179.26. The trade was a 37.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ilan Daskal sold 56,290 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $36.29, for a total value of $2,042,764.10. Following the completion of the transaction, the executive vice president directly owned 10,132 shares in the company, valued at approximately $367,690.28. This trade represents a 84.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 163,828 shares of company stock worth $6,676,449 in the last three months. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VIAV. Jefferies Financial Group Inc. acquired a new stake in shares of Viavi Solutions in the 4th quarter valued at $1,803,000. BlackRock Inc. acquired a new position in shares of Viavi Solutions during the second quarter worth $1,228,529,000. Jackson Creek Investment Advisors LLC purchased a new position in Viavi Solutions in the fourth quarter valued at $1,887,000. Intech Investment Management LLC increased its holdings in Viavi Solutions by 29.1% in the fourth quarter. Intech Investment Management LLC now owns 109,258 shares of the communications equipment provider’s stock valued at $1,947,000 after buying an additional 24,638 shares during the last quarter. Finally, Granahan Investment Management LLC acquired a new stake in Viavi Solutions in the first quarter valued at $3,187,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks and optical systems. Its products and software help telecommunications providers, network equipment manufacturers, data centers, government organizations, and other enterprises build, validate, monitor, and maintain wired and wireless networks.

The company’s offerings include instruments and software for fiber-optic testing, network installation and certification, service activation, network performance monitoring, troubleshooting, and telecommunications equipment testing.