B. Riley Financial Cuts Viavi Solutions (NASDAQ:VIAV) Price Target to $60.00

Viavi Solutions (NASDAQ:VIAV) had its target price dropped by stock analysts at B. Riley Financial from $63.00 to $60.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. B. Riley Financial’s price objective suggests a potential upside of 46.59% from the stock’s current price.

Several other analysts also recently weighed in on the company. Needham & Company LLC lowered their price objective on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday. Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings cut shares of Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 16th. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a report on Thursday. Finally, 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. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.75.

Viavi Solutions Price Performance

Shares of VIAV stock traded up $2.03 during trading hours on Thursday, hitting $40.93. 1,333,993 shares of the company’s stock were exchanged, compared to its average volume of 6,310,314. The company has a market capitalization of $9.57 billion, a PE ratio of -170.53 and a beta of 1.21. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. Viavi Solutions has a 12-month low of $10.02 and a 12-month high of $60.43. The business’s 50 day simple moving average is $44.54 and its 200-day simple moving average is $38.81.

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 analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The firm had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. During the same period last year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities research analysts anticipate that Viavi Solutions will post 0.73 earnings per share for the current year.

Insider Buying and Selling at Viavi Solutions

In other news, CEO Oleg Khaykin sold 136,547 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $51.82, for a total value of $7,075,865.54. Following the completion of the transaction, the chief executive officer owned 1,188,798 shares of the company’s stock, valued at approximately $61,603,512.36. This represents a 10.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WPG Advisers LLC grew its position in shares of Viavi Solutions by 96.2% in the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 380 shares during the period. State of Wyoming bought a new stake in Viavi Solutions during the fourth quarter worth about $34,000. Carolina Wealth Advisors LLC grew its holdings in Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after purchasing an additional 387 shares during the period. Johnson Financial Group Inc. bought a new position in shares of Viavi Solutions during the third quarter valued at approximately $44,000. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of Viavi Solutions in the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions News Summary

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: Fiscal Q4 beat expectations: Viavi reported adjusted EPS of $0.34, above the $0.30 consensus estimate, while revenue reached $443.1 million versus expectations of approximately $432.6 million. Revenue increased 52.5% year over year, and adjusted EPS rose sharply from $0.13 a year earlier. Viavi Solutions Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and liquidity improved: Gross profit rose 60.1% to $261.7 million, operating profit increased 300.7% to $61.3 million, and net income attributable to common shareholders climbed to $32.7 million. Cash and equivalents totaled $647.8 million at quarter-end. Viavi Solutions Releases Q4 2026 Earnings
• Positive Sentiment: Strong outlook: Management forecast fiscal Q1 2027 adjusted EPS of $0.40-$0.42 and revenue of $450 million-$460 million, well above consensus estimates of $0.27 EPS and $433.2 million in revenue. The company is also targeting a $500 million quarterly revenue milestone during calendar 2027. Viavi Anticipates Q1 FY2027 EPS and Revenue Outlook
• Neutral Sentiment: Analyst price targets remain generally bullish, with recent targets ranging from $53 to $70 and a reported median of $66, although targets may already reflect much of the expected growth.
• Negative Sentiment: Insider activity could weigh on sentiment: company insiders reportedly made 26 sales and no purchases during the past six months, including significant selling by CEO Oleg Khaykin.

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.