Viavi Solutions (NASDAQ:VIAV) Sets New 1-Year High on Analyst Upgrade

Viavi Solutions Inc. (NASDAQ:VIAV)’s stock price hit a new 52-week high on Monday after Needham & Company LLC raised their price target on the stock from $28.00 to $36.00. Needham & Company LLC currently has a buy rating on the stock. Viavi Solutions traded as high as $31.94 and last traded at $32.3080, with a volume of 1221529 shares changing hands. The stock had previously closed at $29.71.

Several other equities research analysts have also commented on the stock. Susquehanna raised their price target on shares of Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. B. Riley Financial lifted their target price on Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Argus boosted their price target on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Rosenblatt Securities set a $27.00 price objective on shares of Viavi Solutions in a research note on Thursday, January 29th. Finally, Stifel Nicolaus upped their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Viavi Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Insider Activity

In other Viavi Solutions news, CEO Oleg Khaykin sold 74,315 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $26.48, for a total transaction of $1,967,861.20. Following the sale, 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ilan Daskal sold 170,000 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $17.49, for a total transaction of $2,973,300.00. Following the sale, the executive vice president directly owned 10,132 shares in the company, valued at $177,208.68. This trade represents a 94.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 744,760 shares of company stock worth $17,132,738. Insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

A number of large investors have recently made changes to their positions in the company. Capital World Investors raised its holdings in shares of Viavi Solutions by 4.4% in the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock valued at $278,356,000 after purchasing an additional 664,956 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Viavi Solutions by 16.6% in the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock valued at $82,709,000 after buying an additional 1,166,547 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Viavi Solutions by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock worth $86,875,000 after buying an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of 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 valued at $118,915,000 after purchasing an additional 33,463 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Viavi Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock worth $95,373,000 after buying an additional 20,776 shares during the last quarter. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of -179.65 and a beta of 0.96. The company’s 50-day simple moving average is $22.20 and its 200-day simple moving average is $17.12.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The firm had revenue of $369.30 million for the quarter, compared to analysts’ expectations of $365.25 million. During the same period in the prior year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 36.4% compared to the same quarter last year. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current year.

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.