Viavi Solutions (NASDAQ:VIAV) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Viavi Solutions (NASDAQ:VIAV) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.

Several other equities research analysts have also recently weighed in on VIAV. Argus increased their price objective on Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Needham & Company LLC upped their target price on shares of Viavi Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. UBS Group increased their price target on shares of Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. B. Riley upgraded shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, October 30th. Finally, Stifel Nicolaus upped their price objective on shares of Viavi Solutions from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.44.

Viavi Solutions Stock Up 3.9%

VIAV stock opened at $17.78 on Friday. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 254.00 and a beta of 0.94. The company has a 50-day moving average of $17.72 and a two-hundred day moving average of $13.72. Viavi Solutions has a 52-week low of $8.10 and a 52-week high of $19.75. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.74.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. Viavi Solutions had a return on equity of 10.70% and a net margin of 1.33%.The business had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $294.35 million. During the same quarter in the previous year, the firm earned $0.06 EPS. The firm’s revenue was up 25.6% compared to the same quarter last year. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. As a group, equities research analysts anticipate that Viavi Solutions will post 0.26 EPS for the current year.

Insider Activity at Viavi Solutions

In related news, EVP Ilan Daskal sold 170,000 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $17.49, for a total value of $2,973,300.00. Following the completion of the transaction, the executive vice president owned 10,132 shares of the company’s stock, valued at $177,208.68. This represents a 94.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Oleg Khaykin sold 85,836 shares of Viavi Solutions stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $17.63, for a total value of $1,513,288.68. Following the sale, the chief executive officer directly owned 2,025,005 shares in the company, valued at $35,700,838.15. The trade was a 4.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 606,226 shares of company stock worth $10,714,820 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

A number of hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC bought a new position in shares of Viavi Solutions during the second quarter valued at $7,764,000. Assenagon Asset Management S.A. grew its holdings in shares of Viavi Solutions by 29.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 974,906 shares of the communications equipment provider’s stock worth $12,372,000 after purchasing an additional 221,949 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Viavi Solutions during the 3rd quarter worth about $1,096,000. Schroder Investment Management Group lifted its holdings in Viavi Solutions by 16.6% during the 2nd quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock valued at $82,709,000 after purchasing an additional 1,166,547 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in Viavi Solutions by 3.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 790,300 shares of the communications equipment provider’s stock valued at $7,958,000 after purchasing an additional 29,500 shares during the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Company Profile

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.