Susquehanna Issues Positive Forecast for Viavi Solutions (NASDAQ:VIAV) Stock Price

Viavi Solutions (NASDAQ:VIAV) had its target price raised by investment analysts at Susquehanna from $65.00 to $66.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the communications equipment provider’s stock. Susquehanna’s price objective points to a potential upside of 44.52% from the stock’s current price.

A number of other research analysts have also commented on the company. B. Riley Financial increased their price objective on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 24th. Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a report on Wednesday, June 10th. UBS Group upped their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Weiss Ratings raised Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.88.

Viavi Solutions Stock Performance

Shares of VIAV opened at $45.67 on Wednesday. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of -188.45 and a beta of 1.18. The company’s fifty day moving average is $49.59 and its 200-day moving average is $34.80. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. Viavi Solutions has a 12 month low of $9.61 and a 12 month high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. Viavi Solutions’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Equities analysts expect that Viavi Solutions will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 8,255 shares of Viavi Solutions stock in a transaction on Monday, May 4th. The stock was sold at an average price of $54.02, for a total transaction of $445,935.10. Following the completion of the transaction, the senior vice president directly owned 20,129 shares of the company’s stock, valued at approximately $1,087,368.58. This trade represents a 29.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Luke M. Scrivanich sold 10,693 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the completion of the transaction, the senior vice president owned 39,287 shares in the company, valued at approximately $2,082,211. This trade represents a 21.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 450,369 shares of company stock worth $23,789,119 over the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Viavi Solutions

A number of institutional investors have recently modified their holdings of VIAV. Phocas Financial Corp. bought a new stake in shares of Viavi Solutions during the 4th quarter valued at about $3,772,000. Jefferies Financial Group Inc. bought a new position in shares of Viavi Solutions during the 4th quarter worth about $1,803,000. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Viavi Solutions in the 4th quarter valued at about $1,887,000. Tensor Edge Capital LLC bought a new stake in Viavi Solutions in the 4th quarter valued at about $2,673,000. Finally, Fisher Asset Management LLC raised its stake in Viavi Solutions by 14.2% during the 3rd quarter. Fisher Asset Management LLC now owns 469,354 shares of the communications equipment provider’s stock worth $5,956,000 after buying an additional 58,364 shares during the period. 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.