Viavi Solutions (NASDAQ:VIAV) Shares Up 6.8% After Analyst Upgrade

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) traded up 6.8% on Monday after B. Riley raised their price target on the stock from $18.00 to $22.00. B. Riley currently has a buy rating on the stock. Viavi Solutions traded as high as $20.06 and last traded at $20.06. 2,263,545 shares traded hands during trading, a decline of 37% from the average session volume of 3,601,513 shares. The stock had previously closed at $18.79.

Several other research firms also recently issued reports on VIAV. Argus boosted their price objective on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Stifel Nicolaus increased their target price on Viavi Solutions from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. UBS Group boosted their price objective on shares of Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Needham & Company LLC raised their price objective on Viavi Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viavi Solutions in a research report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.89.

Insider Buying and Selling

In other Viavi Solutions news, Director Donald A. Colvin sold 40,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $17.09, for a total value of $683,600.00. Following the sale, the director directly owned 148,524 shares in the company, valued at approximately $2,538,275.16. This trade represents a 21.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Keith Barnes sold 121,467 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $18.18, for a total value of $2,208,270.06. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 606,226 shares of company stock worth $10,714,820. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of VIAV. Royal Bank of Canada grew its stake in Viavi Solutions by 11.5% in the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after purchasing an additional 18,910 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Viavi Solutions by 110.5% during the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock worth $377,000 after acquiring an additional 17,673 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Viavi Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock valued at $1,467,000 after acquiring an additional 5,775 shares during the last quarter. Millennium Management LLC raised its position in Viavi Solutions by 205.4% during the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock valued at $5,335,000 after purchasing an additional 320,662 shares in the last quarter. Finally, United Services Automobile Association purchased a new position in shares of Viavi Solutions during the 1st quarter valued at about $165,000. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Stock Up 6.8%

The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.74 and a current ratio of 1.99. The stock has a 50-day moving average of $17.94 and a two-hundred day moving average of $14.33. The company has a market cap of $4.48 billion, a P/E ratio of 286.67 and a beta of 0.94.

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

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.