Viavi Solutions (NASDAQ:VIAV) Stock Price Up 10% – Should You Buy?

Viavi Solutions Inc. (NASDAQ:VIAV) shot up 10% during mid-day trading on Monday . The stock traded as high as $51.90 and last traded at $51.8710. 3,381,453 shares were traded during mid-day trading, a decline of 47% from the average session volume of 6,363,209 shares. The stock had previously closed at $47.17.

Analyst Ratings Changes

A number of research analysts have recently commented on VIAV shares. B. Riley Financial upped their target price on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Susquehanna boosted their price objective on Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Needham & Company LLC upped their price objective on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a research note on Wednesday, June 10th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.75.

Viavi Solutions Stock Up 11.2%

The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The stock has a market cap of $12.27 billion, a P/E ratio of -218.56 and a beta of 1.18. The company’s 50 day moving average price is $48.51 and its two-hundred day moving average price is $33.27.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $406.80 million for the quarter, compared to analysts’ expectations of $393.80 million. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.Viavi Solutions’s revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, research analysts expect that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, CEO Oleg Khaykin sold 136,547 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the transaction, the chief executive officer directly owned 1,188,798 shares in the company, valued at $61,603,512.36. This represents a 10.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Mcnab sold 2,727 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $54.96, for a total transaction of $149,875.92. Following the transaction, the executive vice president directly owned 15,471 shares in the company, valued at $850,286.16. This trade represents a 14.99% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 450,369 shares of company stock worth $23,789,119. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds have recently modified their holdings of VIAV. WPG Advisers LLC boosted its stake in shares of Viavi Solutions by 96.2% in the first 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. Corient Private Wealth LLC raised its stake in Viavi Solutions by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock valued at $204,000 after purchasing an additional 394 shares during the last quarter. Lido Advisors LLC lifted its holdings in Viavi Solutions by 2.0% in the 4th quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock valued at $438,000 after purchasing an additional 473 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in Viavi Solutions by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock worth $580,000 after purchasing an additional 478 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Viavi Solutions by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock worth $910,000 after buying an additional 800 shares in the last quarter. Hedge funds and other institutional investors 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.