Viavi Solutions (NASDAQ:VIAV) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Viavi Solutions (NASDAQ:VIAV) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

Several other analysts have also issued reports on VIAV. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 15th. Argus boosted their price target on shares of Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. UBS Group upped their price objective on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Needham & Company LLC lifted their target price on shares of Viavi Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Stifel Nicolaus boosted their target price on Viavi Solutions from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Viavi Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $17.44.

Viavi Solutions Stock Up 2.2%

VIAV stock opened at $18.41 on Friday. Viavi Solutions has a one year low of $8.10 and a one year high of $19.75. The firm has a market cap of $4.11 billion, a PE ratio of 263.00 and a beta of 0.96. The firm’s 50 day moving average price is $16.57 and its 200-day moving average price is $12.89. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.74 and a current ratio of 1.99.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Viavi Solutions had a return on equity of 10.70% and a net margin of 1.33%.The company had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $294.35 million. During the same quarter last year, the firm earned $0.06 earnings per share. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. On average, equities research analysts anticipate that Viavi Solutions will post 0.26 EPS for the current year.

Insider Activity at Viavi Solutions

In other news, SVP Kevin Christopher Siebert sold 24,225 shares of Viavi Solutions stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $18.26, for a total value of $442,348.50. Following the completion of the transaction, the senior vice president owned 49,225 shares in the company, valued at approximately $898,848.50. This trade represents a 32.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Oleg Khaykin sold 68,810 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $17.77, for a total transaction of $1,222,753.70. Following the sale, the chief executive officer owned 1,956,195 shares in the company, valued at $34,761,585.15. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 633,527 shares of company stock worth $11,050,931 over the last quarter. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Viavi Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC purchased a new stake in Viavi Solutions during the 2nd quarter worth about $7,764,000. Graham Capital Management L.P. purchased a new stake in Viavi Solutions during the first quarter worth approximately $1,447,000. Assenagon Asset Management S.A. boosted its holdings in Viavi Solutions by 29.5% in the third quarter. Assenagon Asset Management S.A. now owns 974,906 shares of the communications equipment provider’s stock valued at $12,372,000 after purchasing an additional 221,949 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Viavi Solutions by 16.6% in the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock valued at $82,709,000 after purchasing an additional 1,166,547 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Viavi Solutions by 3.9% in the second quarter. First Eagle Investment Management LLC now owns 790,300 shares of the communications equipment provider’s stock valued at $7,958,000 after purchasing an additional 29,500 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

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.