Rosenblatt Securities Forecasts Strong Price Appreciation for Viavi Solutions (NASDAQ:VIAV) Stock

Viavi Solutions (NASDAQ:VIAV) had its price objective lifted by equities researchers at Rosenblatt Securities from $27.00 to $42.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 36.19% from the company’s previous close.

VIAV has been the topic of several other research reports. Wall Street Zen lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Stifel Nicolaus boosted their target price on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Susquehanna increased their price target on Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Finally, B. Riley Financial raised their price objective on Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Viavi Solutions Stock Performance

Shares of VIAV stock opened at $30.84 on Wednesday. The firm has a 50 day moving average of $25.27 and a 200-day moving average of $18.81. The company has a market cap of $7.14 billion, a price-to-earnings ratio of -171.32 and a beta of 0.92. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46. Viavi Solutions has a 52 week low of $8.10 and a 52 week high of $35.61.

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

Insider Activity

In other Viavi Solutions news, CEO Oleg Khaykin sold 74,315 shares of Viavi Solutions stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total transaction of $1,967,861.20. Following the completion of the transaction, the chief executive officer owned 1,849,437 shares in the company, valued at approximately $48,973,091.76. The trade was a 3.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gary W. Staley sold 24,237 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $3,260,869.31. This represents a 15.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 485,772 shares of company stock worth $12,736,803. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Viavi Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of VIAV. Knights of Columbus Asset Advisors LLC lifted its stake in Viavi Solutions by 39.7% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 224,014 shares of the communications equipment provider’s stock valued at $2,843,000 after acquiring an additional 63,605 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Viavi Solutions by 14.2% in the 3rd quarter. Fisher Asset Management LLC now owns 469,354 shares of the communications equipment provider’s stock worth $5,956,000 after acquiring an additional 58,364 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in shares of Viavi Solutions in the third quarter valued at about $1,187,000. Oak Ridge Investments LLC purchased a new stake in shares of Viavi Solutions in the third quarter valued at about $3,855,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Viavi Solutions by 29.5% during the third quarter. Assenagon Asset Management S.A. now owns 974,906 shares of the communications equipment provider’s stock valued at $12,372,000 after purchasing an additional 221,949 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other 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.