Viavi Solutions Inc. (NASDAQ:VIAV) Receives $39.25 Average Target Price from Brokerages

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $39.25.

A number of analysts have issued reports on VIAV shares. Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. UBS Group increased their price objective on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Needham & Company LLC increased their price objective on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Rosenblatt Securities increased their price objective on Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, March 18th.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Luke M. Scrivanich sold 10,693 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $53.00, for a total transaction of $566,729.00. Following the transaction, the senior vice president owned 39,287 shares of the company’s stock, valued at approximately $2,082,211. This represents a 21.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul Mcnab sold 3,551 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $32.89, for a total value of $116,792.39. Following the transaction, the executive vice president directly owned 18,198 shares in the company, valued at approximately $598,532.22. This represents a 16.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 461,184 shares of company stock worth $24,158,554 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Several large investors have recently bought and sold shares of the stock. WPG Advisers LLC increased its holdings in shares of Viavi Solutions by 96.2% during the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 380 shares during the period. State of Wyoming acquired a new stake in Viavi Solutions during the fourth quarter worth about $34,000. Johnson Financial Group Inc. bought a new position in Viavi Solutions during the third quarter valued at about $44,000. Covestor Ltd raised its holdings in Viavi Solutions by 22.9% in the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 676 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Viavi Solutions by 32.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after acquiring an additional 898 shares during the period. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Price Performance

NASDAQ VIAV opened at $49.28 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $11.53 billion, a PE ratio of -205.32 and a beta of 1.22. The company has a 50 day moving average price of $41.09 and a two-hundred day moving average price of $27.98. Viavi Solutions has a 12-month low of $8.87 and a 12-month high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The company’s revenue was up 42.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, equities analysts predict that Viavi Solutions will post 0.73 earnings per share for the current fiscal 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.