Viavi Solutions (NASDAQ:VIAV) Rating Lowered to “Buy” at Wall Street Zen

Viavi Solutions (NASDAQ:VIAV) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

VIAV has been the subject of a number of other reports. Rosenblatt Securities reissued a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a research note on Wednesday, August 19th. Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Needham & Company LLC decreased their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. B. Riley Financial lowered their price objective on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $49.88.

Viavi Solutions Price Performance

Shares of VIAV stock opened at $36.54 on Friday. Viavi Solutions has a 52-week low of $11.09 and a 52-week high of $60.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. The firm has a market capitalization of $9.02 billion, a P/E ratio of -243.58 and a beta of 1.22. The stock has a 50 day moving average price of $41.22 and a 200 day moving average price of $40.90.

Viavi Solutions (NASDAQ:VIAV) last posted 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 19.60% and a negative net margin of 2.00%.The company had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter in the previous year, the business earned $0.13 EPS. Viavi Solutions’s revenue 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. As a group, sell-side analysts predict that Viavi Solutions will post 1.32 earnings per share for the current year.

Insider Activity

In related news, EVP Paul Mcnab sold 1,595 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the completion of the sale, the executive vice president directly owned 13,876 shares of the company’s stock, valued at $518,546.12. This represents a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura A. Black sold 71,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the transaction, the director owned 71,497 shares in the company, valued at approximately $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GTS Securities LLC lifted its holdings in Viavi Solutions by 4.5% in the second quarter. GTS Securities LLC now owns 6,511 shares of the communications equipment provider’s stock valued at $311,000 after acquiring an additional 283 shares during the period. WPG Advisers LLC grew 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 worth $26,000 after purchasing an additional 380 shares during the period. Carolina Wealth Advisors LLC grew its stake in shares of Viavi Solutions by 83.2% during the 2nd 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. Corient Private Wealth LLC increased its holdings in shares of Viavi Solutions by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock valued at $204,000 after purchasing an additional 394 shares in the last quarter. Finally, Lido Advisors LLC increased its holdings in shares of Viavi Solutions by 2.0% during the 4th quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock valued at $438,000 after purchasing an additional 473 shares in the last quarter. 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.