Viavi Solutions Inc. (NASDAQ:VIAV) Stock Has Consensus Target Price of $55.43 According to Analysts

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $55.43.

Several equities analysts have recently commented on the stock. UBS Group lowered their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Needham & Company LLC decreased their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a research report on Wednesday, September 23rd. B. Riley Financial dropped their price target on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Susquehanna raised their price target on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a report on Wednesday, July 1st.

Insider Buying and Selling at Viavi Solutions

In other news, Director Laura Black sold 71,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $46.12, for a total value of $3,274,520.00. Following the sale, the director directly owned 71,497 shares in the company, valued at $3,297,441.64. The trade was a 49.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paul McNab sold 11,032 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $38.97, for a total transaction of $429,917.04. Following the completion of the transaction, the executive vice president directly owned 25,639 shares of the company’s stock, valued at approximately $999,151.83. The trade was a 30.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 199,694 shares of company stock valued at $7,976,233. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Viavi Solutions

A number of institutional investors have recently bought and sold shares of VIAV. Silvant Capital Management LLC bought a new position in Viavi Solutions during the second quarter valued at $33,000. WPG Advisers LLC grew its holdings in 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 during the last quarter. Persistent Asset Partners Ltd purchased a new stake in Viavi Solutions in the 2nd quarter worth about $38,000. Fortitude Family Office LLC raised its position in Viavi Solutions by 413.3% in the 3rd quarter. Fortitude Family Office LLC now owns 811 shares of the communications equipment provider’s stock worth $34,000 after purchasing an additional 653 shares during the period. Finally, Carolina Wealth Advisors LLC lifted its stake 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 last quarter. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Stock Down 9.3%

Shares of VIAV stock opened at $33.38 on Monday. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of -222.52 and a beta of 1.21. Viavi Solutions has a one year low of $12.77 and a one year high of $60.43. The company’s fifty day moving average price is $39.18 and its 200-day moving average price is $42.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. Viavi Solutions’s revenue for the quarter was up 52.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Sell-side analysts expect that Viavi Solutions will post 1.42 EPS for the current fiscal year.

About Viavi Solutions

Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks, optical systems, and related industrial applications. Its solutions are used by network equipment manufacturers, communications service providers, contractors, and government organizations to install, validate, monitor, and maintain wired and wireless networks.

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