Analysts Set Viavi Solutions Inc. (NASDAQ:VIAV) Target Price at $39.25

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $39.25.

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

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Doug Gilstrap sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the completion of the sale, the director owned 55,766 shares in the company, valued at approximately $3,067,130. This trade represents a 15.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $54.02, for a total value of $445,935.10. Following the transaction, the senior vice president directly owned 20,129 shares in the company, valued at $1,087,368.58. This trade represents a 29.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 461,184 shares of company stock worth $24,158,554 over the last three months. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VIAV. WPG Advisers LLC boosted its stake in shares of Viavi Solutions by 96.2% during the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 380 shares in the last quarter. State of Wyoming purchased a new stake in Viavi Solutions in the fourth quarter worth about $34,000. Johnson Financial Group Inc. purchased a new stake in Viavi Solutions in the third quarter worth about $44,000. Covestor Ltd boosted its position in Viavi Solutions by 22.9% during the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 676 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Viavi Solutions by 32.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after acquiring an additional 898 shares during the period. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Stock Up 1.8%

VIAV opened at $48.98 on Friday. Viavi Solutions has a 12 month low of $8.87 and a 12 month high of $60.43. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. The business’s 50-day moving average price is $41.85 and its 200-day moving average price is $28.42. The company has a market cap of $11.46 billion, a P/E ratio of -204.07 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results 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 business had revenue of $406.80 million for 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%.Viavi Solutions’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, equities analysts expect that Viavi Solutions will post 0.73 EPS for the current year.

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.