Brokerages Set Viavi Solutions Inc. (NASDAQ:VIAV) PT at $16.89

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have received an average rating of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $16.8889.

A number of analysts have recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and set a $15.00 price target (up previously from $13.00) on shares of Viavi Solutions in a report on Monday, October 13th. B. Riley upgraded Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, October 30th. Morgan Stanley raised Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 price objective for the company in a research report on Tuesday, September 2nd. Rosenblatt Securities upped their target price on shares of Viavi Solutions from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viavi Solutions in a research note on Tuesday.

Insider Transactions at Viavi Solutions

In other news, Director Keith Barnes sold 121,467 shares of Viavi Solutions stock in a transaction on Monday, November 10th. The stock was sold at an average price of $18.18, for a total value of $2,208,270.06. Following the completion of the sale, the director directly owned 27,213 shares of the company’s stock, valued at approximately $494,732.34. The trade was a 81.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 9,765 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $17.45, for a total value of $170,399.25. Following the completion of the sale, the senior vice president owned 61,820 shares in the company, valued at $1,078,759. This represents a 13.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 284,616 shares of company stock worth $4,837,300 in the last three months. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VIAV. New York State Common Retirement Fund raised its position in Viavi Solutions by 3.9% in the 1st quarter. New York State Common Retirement Fund now owns 60,999 shares of the communications equipment provider’s stock valued at $683,000 after purchasing an additional 2,300 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Viavi Solutions by 33.5% during the first quarter. Allianz Asset Management GmbH now owns 797,977 shares of the communications equipment provider’s stock worth $8,929,000 after buying an additional 200,415 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Viavi Solutions during the first quarter worth approximately $762,000. Knights of Columbus Asset Advisors LLC lifted its stake in Viavi Solutions by 2.7% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 163,676 shares of the communications equipment provider’s stock worth $1,832,000 after acquiring an additional 4,340 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Viavi Solutions by 51.8% in the 1st quarter. Mackenzie Financial Corp now owns 90,318 shares of the communications equipment provider’s stock valued at $1,011,000 after purchasing an additional 30,826 shares during the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Price Performance

Shares of VIAV opened at $17.96 on Friday. The company has a 50 day moving average of $14.70 and a two-hundred day moving average of $11.80. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. Viavi Solutions has a twelve month low of $8.10 and a twelve month high of $18.46. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 256.57 and a beta of 0.96.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. The business had revenue of $299.10 million during the quarter, compared to the consensus estimate of $294.35 million. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.68%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. As a group, analysts predict that Viavi Solutions will post 0.26 earnings per share for the current fiscal year.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.