Viavi Solutions (NASDAQ:VIAV) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Viavi Solutions (NASDAQ:VIAV) from a strong-buy rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus lifted their target price on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. UBS Group decreased their price target on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Needham & Company LLC lowered their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Susquehanna lifted their price objective on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research note on Wednesday, July 1st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Viavi Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.88.

Viavi Solutions Stock Down 0.7%

Viavi Solutions stock opened at $36.29 on Friday. Viavi Solutions has a fifty-two week low of $11.09 and a fifty-two week high of $60.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. The company has a market capitalization of $8.95 billion, a P/E ratio of -241.92 and a beta of 1.22. The stock has a 50-day simple moving average of $40.88 and a 200-day simple moving average of $40.97.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The business’s revenue was up 52.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities research analysts expect that Viavi Solutions will post 1.32 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Paul Mcnab sold 1,595 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $37.37, for a total transaction of $59,605.15. Following the completion of the sale, the executive vice president owned 13,876 shares in the company, valued at $518,546.12. This represents a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ilan Daskal sold 56,290 shares of the 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 sale, the executive vice president directly owned 10,132 shares of the company’s stock, valued at approximately $367,690.28. This represents a 84.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 152,796 shares of company stock worth $6,246,532. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viavi Solutions

A number of large investors have recently bought and sold shares of VIAV. GTS Securities LLC boosted its holdings in shares of Viavi Solutions by 4.5% in the second quarter. GTS Securities LLC now owns 6,511 shares of the communications equipment provider’s stock valued at $311,000 after acquiring an additional 283 shares in the last quarter. WPG Advisers LLC increased its stake in shares of Viavi Solutions by 96.2% during 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 period. Carolina Wealth Advisors LLC raised its holdings in Viavi Solutions by 83.2% during the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after purchasing an additional 387 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Viavi Solutions by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock worth $204,000 after purchasing an additional 394 shares in the last quarter. Finally, Lido Advisors LLC lifted its position in Viavi Solutions by 2.0% in the fourth 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 during the period. Hedge funds and other institutional investors own 95.54% of the company’s stock.

About Viavi Solutions

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.