Viavi Solutions’ (VIAV) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Viavi Solutions (NASDAQ:VIAV) in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a $70.00 target price on the communications equipment provider’s stock.

Several other brokerages also recently issued reports on VIAV. Needham & Company LLC lowered their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Stifel Nicolaus raised their price objective on Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings lowered Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. B. Riley Financial lowered their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned 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 has an average rating of “Moderate Buy” and an average price target of $49.88.

Viavi Solutions Trading Up 0.9%

VIAV opened at $38.90 on Wednesday. The company has a market cap of $9.60 billion, a P/E ratio of -259.32 and a beta of 1.21. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $42.39 and its 200-day moving average is $40.39. Viavi Solutions has a 1-year low of $10.78 and a 1-year high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The firm’s quarterly revenue was up 52.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities research analysts predict that Viavi Solutions will post 1.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the sale, the director owned 71,497 shares in the company, valued at approximately $3,297,441.64. The trade was a 49.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Paul Mcnab sold 1,595 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the completion of the sale, the executive vice president directly owned 13,876 shares of the company’s stock, valued at approximately $518,546.12. The trade was a 10.31% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Viavi Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jefferies Financial Group Inc. bought a new stake in shares of Viavi Solutions in the 4th quarter valued at $1,803,000. Jackson Creek Investment Advisors LLC bought a new position in Viavi Solutions during the fourth quarter worth $1,887,000. Tensor Edge Capital LLC acquired a new position in Viavi Solutions in the fourth quarter valued at $2,673,000. Intech Investment Management LLC lifted its holdings in Viavi Solutions by 29.1% in the fourth quarter. Intech Investment Management LLC now owns 109,258 shares of the communications equipment provider’s stock valued at $1,947,000 after buying an additional 24,638 shares during the period. Finally, Granahan Investment Management LLC bought a new stake in Viavi Solutions during the first quarter valued at $3,187,000. 95.54% of the stock is owned by institutional investors and hedge funds.

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.