Viavi Solutions Inc. (NASDAQ:VIAV) Stock Has Consensus Price Target of $55.43 According to Analysts

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $55.43.

A number of analysts have commented on VIAV shares. Susquehanna upped their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday, July 1st. Weiss Ratings downgraded Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 8th. UBS Group reduced their price objective on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Wall Street Zen cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Finally, B. Riley Financial cut their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th.

Insider Activity at Viavi Solutions

In related news, EVP Ilan Daskal sold 56,290 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 10,132 shares in the company, valued at approximately $367,690.28. This represents a 84.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Luke M. Scrivanich sold 35,866 shares of the stock in a transaction on 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 transaction, the senior vice president directly owned 39,598 shares of the company’s stock, valued at approximately $1,435,031.52. This trade represents a 47.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 199,694 shares of company stock worth $7,976,233. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Viavi Solutions

Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Viavi Solutions in the 2nd quarter worth about $1,228,529,000. Assenagon Asset Management S.A. raised its stake in Viavi Solutions by 1,402.9% in the third quarter. Assenagon Asset Management S.A. now owns 5,639,752 shares of the communications equipment provider’s stock valued at $236,418,000 after purchasing an additional 5,264,496 shares in the last quarter. Bank of America Corp DE bought a new stake in Viavi Solutions during the second quarter valued at approximately $134,922,000. Arrowstreet Capital Limited Partnership grew its stake in Viavi Solutions by 0.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock worth $118,915,000 after buying an additional 33,463 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Viavi Solutions in the 2nd quarter worth approximately $87,914,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Stock Performance

Shares of NASDAQ:VIAV opened at $33.38 on Monday. Viavi Solutions has a 12-month low of $12.77 and a 12-month high of $60.43. The stock has a market cap of $8.21 billion, a PE ratio of -222.52 and a beta of 1.21. The business has a 50 day moving average of $39.18 and a 200-day moving average of $43.00. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. Viavi Solutions’s revenue for the quarter was up 52.5% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, equities research analysts forecast that Viavi Solutions will post 1.42 earnings per share for the current year.

Viavi Solutions Company Profile

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.