Viavi Solutions (NASDAQ:VIAV) Stock Price Up 8.8% – Should You Buy?

Viavi Solutions Inc. (NASDAQ:VIAV) shares were up 8.8% on Tuesday . The stock traded as high as $37.76 and last traded at $37.9110. 1,885,226 shares were traded during trading, a decline of 69% from the average session volume of 6,050,240 shares. The stock had previously closed at $34.86.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Rosenblatt Securities reissued a “buy” rating and set a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday, August 19th. B. Riley Financial decreased their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. UBS Group lowered their price objective on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Finally, Stifel Nicolaus raised their price objective on Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Viavi Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $55.43.

Viavi Solutions Stock Performance

The business has a 50 day moving average price of $39.44 and a 200 day moving average price of $41.25. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The stock has a market cap of $9.35 billion, a P/E ratio of -252.72 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The firm’s revenue for the quarter was up 52.5% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, sell-side analysts expect that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Luke M. Scrivanich sold 23,911 shares of Viavi Solutions stock in a transaction that occurred 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 transaction, the senior vice president owned 39,598 shares of the company’s stock, valued at $1,440,179.26. The trade was a 37.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ilan Daskal sold 56,290 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $36.29, for a total value of $2,042,764.10. Following the completion of the sale, the executive vice president directly owned 10,132 shares of the company’s stock, valued at $367,690.28. The trade was a 84.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 152,796 shares of company stock valued at $6,246,532 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. WPG Advisers LLC raised its stake in Viavi Solutions by 96.2% in the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 380 shares during the last quarter. Silvant Capital Management LLC acquired a new stake in Viavi Solutions during the second quarter worth about $33,000. State of Wyoming acquired a new stake in Viavi Solutions during the fourth quarter worth about $34,000. Persistent Asset Partners Ltd purchased a new position in Viavi Solutions during the second quarter valued at approximately $38,000. Finally, Carolina Wealth Advisors LLC lifted 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 during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Company Profile

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.