Viavi Solutions (NASDAQ:VIAV) Reaches New 52-Week High – Should You Buy?

Viavi Solutions Inc. (NASDAQ:VIAV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $46.06 and last traded at $44.31, with a volume of 4117391 shares trading hands. The stock had previously closed at $44.26.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Stifel Nicolaus boosted their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. B. Riley Financial boosted their target price on shares of Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Wall Street Zen downgraded shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Needham & Company LLC boosted their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Viavi Solutions Stock Performance

The business’s fifty day moving average price is $33.84 and its two-hundred day moving average price is $23.47. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.32 and a current ratio of 2.61. The stock has a market capitalization of $10.25 billion, a P/E ratio of -246.15 and a beta of 0.85.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The firm had revenue of $369.30 million for the quarter, compared to the consensus estimate of $365.25 million. During the same period in the previous year, the firm posted $0.13 EPS. The business’s quarterly revenue was up 36.4% on a year-over-year basis. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, sell-side analysts forecast that Viavi Solutions Inc. will post 0.64 earnings per share for the current year.

Insider Transactions at Viavi Solutions

In related news, SVP Gary W. Staley sold 24,237 shares of Viavi Solutions stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $23.93, for a total transaction of $579,991.41. Following the completion of the transaction, the senior vice president directly owned 136,267 shares of the company’s stock, valued at approximately $3,260,869.31. The trade was a 15.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Oleg Khaykin sold 74,315 shares of Viavi Solutions stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total transaction of $1,967,861.20. Following the transaction, the chief executive officer directly owned 1,849,437 shares of the company’s stock, valued at approximately $48,973,091.76. This represents a 3.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 485,772 shares of company stock valued at $12,736,803. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viavi Solutions

A number of large investors have recently made changes to their positions in VIAV. State of Wyoming purchased a new position in shares of Viavi Solutions during the 4th quarter worth about $34,000. GAMMA Investing LLC boosted its stake in shares of Viavi Solutions by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 825 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Viavi Solutions during the 3rd quarter worth about $44,000. Covestor Ltd boosted its stake in shares of Viavi Solutions by 22.9% during the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 676 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Viavi Solutions by 32.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after purchasing an additional 898 shares during the period. 95.54% of the stock is owned by hedge funds and other institutional investors.

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.