Viavi Solutions’ (VIAV) “Buy” Rating Reiterated at Rosenblatt Securities

Viavi Solutions (NASDAQ:VIAV)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a research report issued on Wednesday, September 23rd, Benzinga reports. They currently have a $70.00 price objective on the communications equipment provider’s stock. Rosenblatt Securities’ price objective points to a potential upside of 67.38% from the stock’s current price.

Several other research firms have also weighed in on VIAV. UBS Group lowered their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. B. Riley Financial dropped their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Weiss Ratings cut shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $55.43.

Viavi Solutions Trading Up 2.3%

Shares of Viavi Solutions stock opened at $41.82 on Wednesday. The company has a 50-day moving average of $38.00 and a two-hundred day moving average of $42.09. Viavi Solutions has a 12-month low of $12.23 and a 12-month high of $60.43. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The stock has a market cap of $10.32 billion, a PE ratio of -278.78 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last announced 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 for the quarter, compared to analyst estimates of $432.62 million. During the same quarter in the previous year, the company earned $0.13 EPS. 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. On average, research analysts anticipate that Viavi Solutions will post 1.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Luke M. Scrivanich sold 35,866 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $36.24, for a total value of $1,299,783.84. Following the completion of the transaction, the senior vice president owned 39,598 shares of the company’s stock, valued at approximately $1,435,031.52. The trade was a 47.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul McNab sold 11,032 shares of the company’s 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 owned 25,639 shares in the company, valued at approximately $999,151.83. This trade represents a 30.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 199,694 shares of company stock valued at $7,976,233 over the last three months. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Institutional investors have recently modified their holdings of the company. HBK Investments L P purchased a new position in shares of Viavi Solutions during the second quarter valued at approximately $9,550,000. Tidal Investments LLC grew its stake in Viavi Solutions by 697.1% in the 2nd quarter. Tidal Investments LLC now owns 52,009 shares of the communications equipment provider’s stock worth $2,483,000 after acquiring an additional 45,484 shares during the period. WINTON GROUP Ltd acquired a new position in Viavi Solutions in the 2nd quarter valued at $372,000. Integrated Wealth Concepts LLC acquired a new position in Viavi Solutions in the 2nd quarter valued at $149,000. Finally, NewEdge Advisors LLC lifted its stake in shares of Viavi Solutions by 309.4% during the 2nd quarter. NewEdge Advisors LLC now owns 1,130 shares of the communications equipment provider’s stock worth $54,000 after purchasing an additional 854 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

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.