Viavi Solutions Inc. (NASDAQ:VIAV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Viavi Solutions Inc. (NASDAQ:VIAV) has received an average recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $55.4286.

Several equities research analysts have weighed in on the company. UBS Group cut their price target on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. B. Riley Financial dropped their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings lowered shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 8th. Needham & Company LLC lowered their target price on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Wall Street Zen cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th.

Viavi Solutions Stock Performance

Shares of VIAV opened at $36.43 on Thursday. 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 stock has a 50-day moving average of $37.94 and a two-hundred day moving average of $41.79. The stock has a market cap of $8.99 billion, a P/E ratio of -242.85 and a beta of 1.22. Viavi Solutions has a one year low of $12.05 and a one year high of $60.43.

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

Insiders Place Their Bets

In other news, SVP Luke M. Scrivanich sold 35,866 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $36.24, for a total transaction of $1,299,783.84. Following the transaction, the senior vice president owned 39,598 shares in the company, valued at $1,435,031.52. This trade represents a 47.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul McNab sold 11,032 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $38.97, for a total transaction of $429,917.04. Following the completion of the sale, the executive vice president directly owned 25,639 shares of the company’s stock, valued at approximately $999,151.83. The trade was a 30.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 199,694 shares of company stock valued at $7,976,233 in the last three months. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viavi Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Silvant Capital Management LLC acquired a new position in shares of Viavi Solutions during the 2nd quarter worth about $33,000. WPG Advisers LLC boosted its holdings in 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 last quarter. Persistent Asset Partners Ltd purchased a new stake in Viavi Solutions during the 2nd quarter worth approximately $38,000. Carolina Wealth Advisors LLC increased its stake in Viavi Solutions by 83.2% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after buying an additional 387 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Viavi Solutions by 309.4% during the second quarter. NewEdge Advisors LLC now owns 1,130 shares of the communications equipment provider’s stock valued at $54,000 after acquiring an additional 854 shares during the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Company Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks and optical systems. Its products and software help telecommunications providers, network equipment manufacturers, data centers, government organizations, and other enterprises build, validate, monitor, and maintain wired and wireless networks.

The company’s offerings include instruments and software for fiber-optic testing, network installation and certification, service activation, network performance monitoring, troubleshooting, and telecommunications equipment testing.