Viavi Solutions (NASDAQ:VIAV) Hits New 12-Month High Following Earnings Beat

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) hit a new 52-week high on Wednesday following a better than expected earnings announcement. The stock traded as high as $20.73 and last traded at $20.70, with a volume of 6911513 shares traded. The stock had previously closed at $19.92.

The communications equipment provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.25 million. Viavi Solutions had a positive return on equity of 13.43% and a negative net margin of 3.38%.The firm’s revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS.

Viavi Solutions News Roundup

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: Q2 results beat expectations — EPS $0.22 vs. $0.19 consensus and revenue $369.3M, up 36.4% YoY, driven by data‑center, 5G and defense demand. Strong top‑line growth is the immediate catalyst for buying. VIAVI Announces Second Quarter Fiscal 2026 Results
• Positive Sentiment: Guidance raised — management set Q3 revenue guidance of $386M–$400M (well above consensus) and stronger EPS outlook, signaling continued demand and giving investors confidence in near‑term earnings trajectory. Viavi anticipates $386M–$400M Q3 revenue
• Positive Sentiment: Cost actions announced — a ~5% workforce reduction and restructuring plan were disclosed, which investors view as margin‑enhancing and supportive of cash flow. That helped lift sentiment despite short‑term disruption. Viavi Solutions Shares Climb on Layoffs, Restructuring
• Positive Sentiment: Analyst upgrades — multiple firms raised price targets (Needham to $28, Susquehanna to $25, Stifel to $24), increasing analyst conviction and providing additional buying support. PT raised to $28 at Needham
• Positive Sentiment: Product/market expansion — Inertial Labs (a Viavi company) launched the IRINS LEO navigation system for GNSS‑denied environments, strengthening Viavi’s position in defense/aerospace markets that management cited as growth drivers. Inertial Labs launches IRINS LEO
• Neutral Sentiment: Earnings call materials and transcripts are available for deeper investor review; management commentary around segment mix (data center, aerospace) will determine sustainability of the beat. Q2 2026 Earnings Call Transcript
• Negative Sentiment: Profitability still mixed — company reported a negative net margin (reported previously) and a volatile historical P/E; investors will watch whether restructuring and revenue mix improvements translate into consistent positive margins. VIAV earnings summary
• Negative Sentiment: Layoffs carry execution risk — while cuts are intended to improve margins, they can cause one‑time charges and short‑term disruption to operations and R&D. Analyst reaction and workforce cut note

Analyst Upgrades and Downgrades

VIAV has been the topic of a number of research analyst reports. Susquehanna lifted their price target on shares of Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research note on Thursday. Rosenblatt Securities set a $27.00 price target on Viavi Solutions in a research note on Thursday. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a research report on Monday, December 29th. B. Riley lifted their price target on shares of Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday. Finally, UBS Group lifted their target price 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. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $21.22.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 24,225 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $18.26, for a total transaction of $442,348.50. Following the transaction, the senior vice president directly owned 49,225 shares in the company, valued at $898,848.50. This represents a 32.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Oleg Khaykin sold 68,810 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $17.77, for a total transaction of $1,222,753.70. Following the transaction, the chief executive officer directly owned 1,956,195 shares in the company, valued at $34,761,585.15. The trade was a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 606,226 shares of company stock valued at $10,714,820 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Viavi Solutions by 33.6% during the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after buying an additional 825 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Viavi Solutions in the 3rd quarter worth $44,000. Covestor Ltd raised its position in Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 676 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Viavi Solutions by 32.0% in the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock valued at $47,000 after buying an additional 898 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in Viavi Solutions in the second quarter valued at about $109,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

The stock has a market cap of $5.51 billion, a P/E ratio of -137.21 and a beta of 0.94. The company has a quick ratio of 1.74, a current ratio of 1.99 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $18.36 and a 200-day simple moving average of $14.59.

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.