Viavi Solutions Inc. (NASDAQ:VIAV) Receives $55.43 Consensus Target Price from Analysts

Viavi Solutions Inc. (NASDAQ:VIAV) has received an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $55.4286.

A number of brokerages recently commented on VIAV. Susquehanna raised their target price on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a report on Wednesday, July 1st. Stifel Nicolaus lifted their price objective on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings downgraded shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 8th. Zacks Research upgraded shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, Needham & Company LLC reduced their target price on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th.

Insider Buying and Selling

In other news, EVP Paul McNab sold 11,032 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $38.97, for a total transaction of $429,917.04. Following the sale, the executive vice president owned 25,639 shares of the company’s stock, valued at approximately $999,151.83. This represents a 30.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Luke Scrivanich sold 23,911 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $36.37, for a total value of $869,643.07. Following the completion of the sale, the senior vice president owned 39,598 shares in the company, valued at approximately $1,440,179.26. The trade was a 37.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 163,828 shares of company stock worth $6,676,449 over the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

Hedge funds have recently bought and sold shares of the stock. WPG Advisers LLC grew its position in shares of Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 380 shares in the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Viavi Solutions during the second quarter worth approximately $33,000. Persistent Asset Partners Ltd acquired a new stake in Viavi Solutions in the second quarter valued at approximately $38,000. Carolina Wealth Advisors LLC raised 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 valued at $41,000 after acquiring an additional 387 shares in the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new stake in Viavi Solutions in the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Up 1.8%

Shares of NASDAQ VIAV opened at $35.36 on Thursday. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of -235.72 and a beta of 1.22. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. Viavi Solutions has a 52-week low of $12.05 and a 52-week high of $60.43. The business’s 50 day moving average is $38.22 and its two-hundred day moving average is $41.66.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping the consensus estimate 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 business had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. During the same period last year, the business posted $0.13 earnings per share. The company’s quarterly revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Research analysts predict that Viavi Solutions will post 1.32 EPS for the current year.

Viavi Solutions Company Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks and optical systems. Its products and software help telecommunications providers, network equipment manufacturers, data centers, government organizations, and other enterprises build, validate, monitor, and maintain wired and wireless networks.

The company’s offerings include instruments and software for fiber-optic testing, network installation and certification, service activation, network performance monitoring, troubleshooting, and telecommunications equipment testing.