Rosenblatt Securities Reiterates “Buy” Rating for Viavi Solutions (NASDAQ:VIAV)

Viavi Solutions (NASDAQ:VIAV)‘s stock had its “buy” rating reaffirmed by Rosenblatt Securities in a report issued on Thursday,Benzinga reports. They currently have a $70.00 target price on the communications equipment provider’s stock. Rosenblatt Securities’ target price indicates a potential upside of 79.95% from the company’s current price.

VIAV has been the subject of a number of other research reports. B. Riley Financial lifted their target price on Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings downgraded shares of Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 16th. UBS Group boosted their target price on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Needham & Company LLC cut their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday. Six investment 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.88.

Viavi Solutions Stock Down 3.5%

Shares of NASDAQ VIAV opened at $38.90 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. Viavi Solutions has a 12-month low of $9.92 and a 12-month high of $60.43. The firm’s 50-day moving average price is $44.54 and its 200-day moving average price is $38.81. The stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of -162.08 and a beta of 1.21.

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 the consensus estimate of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The company had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. During the same quarter last year, the business posted $0.13 earnings per share. The firm’s revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities research analysts anticipate that Viavi Solutions will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other news, CEO Oleg Khaykin sold 136,547 shares of Viavi Solutions stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 1,188,798 shares of the company’s stock, valued at approximately $61,603,512.36. The trade was a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. WPG Advisers LLC lifted its holdings in shares of Viavi Solutions by 96.2% in the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 380 shares during the period. State of Wyoming bought a new position in shares of Viavi Solutions during the 4th quarter worth $34,000. Carolina Wealth Advisors LLC increased its stake in shares of Viavi Solutions by 83.2% during the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after buying an additional 387 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Viavi Solutions during the third quarter valued at $44,000. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of Viavi Solutions in the first quarter valued at about $50,000. Institutional investors own 95.54% of the company’s stock.

More Viavi Solutions News

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: Fiscal Q4 beat expectations: Viavi reported adjusted EPS of $0.34, above the $0.30 consensus estimate, while revenue reached $443.1 million versus expectations of approximately $432.6 million. Revenue increased 52.5% year over year, and adjusted EPS rose sharply from $0.13 a year earlier. Viavi Solutions Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and liquidity improved: Gross profit rose 60.1% to $261.7 million, operating profit increased 300.7% to $61.3 million, and net income attributable to common shareholders climbed to $32.7 million. Cash and equivalents totaled $647.8 million at quarter-end. Viavi Solutions Releases Q4 2026 Earnings
• Positive Sentiment: Strong outlook: Management forecast fiscal Q1 2027 adjusted EPS of $0.40-$0.42 and revenue of $450 million-$460 million, well above consensus estimates of $0.27 EPS and $433.2 million in revenue. The company is also targeting a $500 million quarterly revenue milestone during calendar 2027. Viavi Anticipates Q1 FY2027 EPS and Revenue Outlook
• Neutral Sentiment: Analyst price targets remain generally bullish, with recent targets ranging from $53 to $70 and a reported median of $66, although targets may already reflect much of the expected growth.
• Negative Sentiment: Insider activity could weigh on sentiment: company insiders reportedly made 26 sales and no purchases during the past six months, including significant selling by CEO Oleg Khaykin.

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.