Viavi Solutions (NASDAQ:VIAV) Stock Gets Price Target Cut from UBS Group

Viavi Solutions (NASDAQ:VIAV) had its price target decreased by analysts at UBS Group from $44.00 to $33.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the communications equipment provider’s stock. UBS Group‘s price objective indicates a potential upside of 25.48% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus set a $65.00 target price on shares of Viavi Solutions in a report on Wednesday, September 23rd. Weiss Ratings downgraded shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 8th. Zacks Research cut Viavi Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Rosenblatt Securities reissued a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a research report on Wednesday, September 23rd. Finally, B. Riley Financial dropped their price objective on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.83.

Viavi Solutions Price Performance

NASDAQ:VIAV opened at $26.30 on Thursday. The stock has a market capitalization of $6.47 billion, a PE ratio of 109.59 and a beta of 1.31. Viavi Solutions has a 1-year low of $15.51 and a 1-year high of $60.43. The firm has a fifty day simple moving average of $36.87 and a 200 day simple moving average of $38.59. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, November 4th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. Viavi Solutions had a net margin of 3.97% and a return on equity of 27.07%. The firm had revenue of $469.30 million for the quarter, compared to analyst estimates of $455.06 million. The company’s quarterly revenue was up 56.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share. On average, research analysts expect that Viavi Solutions will post 1.42 EPS for the current fiscal year.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, EVP Ilan Daskal sold 56,290 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $36.29, for a total value of $2,042,764.10. Following the transaction, the executive vice president directly owned 10,132 shares in the company, valued at $367,690.28. The trade was a 84.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul McNab sold 11,032 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $38.97, for a total transaction of $429,917.04. Following the completion of the transaction, the executive vice president directly owned 25,639 shares in the company, valued at $999,151.83. The trade was a 30.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 199,694 shares of company stock valued at $7,976,233. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VIAV. BlackRock Inc. acquired a new stake in Viavi Solutions during the second quarter worth approximately $1,228,529,000. Assenagon Asset Management S.A. boosted its holdings in shares of Viavi Solutions by 1,402.9% during the third quarter. Assenagon Asset Management S.A. now owns 5,639,752 shares of the communications equipment provider’s stock worth $236,418,000 after acquiring an additional 5,264,496 shares during the period. Bank of America Corp DE acquired a new position in shares of Viavi Solutions in the second quarter valued at approximately $134,922,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Viavi Solutions in the first quarter valued at approximately $75,294,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Viavi Solutions in the second quarter valued at approximately $87,914,000. Institutional investors and hedge funds 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 Q1 adjusted EPS was $0.47, above the roughly $0.40–$0.41 consensus, while revenue of $469.3 million topped estimates of about $455 million and rose 56.9% year over year. Earnings increased from $0.15 a year earlier. VIAV Q1 Earnings Beat Estimates on Data Center, A&D Strength
• Positive Sentiment: Management expects sequential revenue gains through fiscal 2027, with data-center and defense demand helping offset seasonal weakness. The company also sees expanding semiconductor-testing opportunities, supporting its growth outlook. VIAV Q1 Earnings Call Maps New Data Center Test Markets
• Positive Sentiment: Viavi announced a $500 million share-buyback plan, which may support demand for its shares and signals confidence in the business. Viavi announces a $500 million equity buyback
• Neutral Sentiment: Analysts’ reported average price target is $59.67, well above the referenced $26.30 share price, but targets are estimates rather than guarantees. Analysts’ average target price
• Negative Sentiment: Needham lowered its target to $53 from $60, a potential caution for investors; it nevertheless retained a Buy rating. Needham analyst recommendations

Viavi Solutions Company Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops equipment, software and services used to test, monitor and secure communications networks. Its solutions support network operators, equipment manufacturers, government agencies and other organizations involved in the design, deployment and operation of wired and wireless networks.

The company’s products include fiber-optic and broadband test instruments, network performance and service-assurance software, optical spectrum analyzers, monitoring systems and tools for testing 5G and other advanced communications technologies.