Viavi Solutions (NASDAQ:VIAV) Reaches New 12-Month High – Should You Buy?

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) hit a new 52-week high during trading on Tuesday . The stock traded as high as $26.08 and last traded at $25.5810, with a volume of 6657017 shares trading hands. The stock had previously closed at $24.46.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Susquehanna boosted their price objective on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Rosenblatt Securities set a $27.00 target price on Viavi Solutions in a research note on Thursday. Needham & Company LLC lifted their price objective on Viavi Solutions from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, Stifel Nicolaus upped their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.13.

Viavi Solutions Price Performance

The stock has a market cap of $5.92 billion, a P/E ratio of -142.11 and a beta of 0.95. The firm has a 50 day moving average price of $18.71 and a 200 day moving average price of $14.86. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The business had revenue of $369.30 million for the quarter, compared to the consensus estimate of $365.25 million. During the same period in the previous year, the business earned $0.13 earnings per share. The business’s revenue was up 36.4% on a year-over-year basis. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity

In other news, Director Eugenia Corrales sold 3,384 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $18.76, for a total transaction of $63,483.84. Following the transaction, the director owned 3,384 shares of the company’s stock, valued at approximately $63,483.84. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Barnes sold 121,467 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $18.18, for a total transaction of $2,208,270.06. Following the transaction, the director owned 27,213 shares in the company, valued at approximately $494,732.34. This represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 478,763 shares of company stock worth $8,516,987. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VIAV. GAMMA Investing LLC increased its holdings in shares of Viavi Solutions by 33.6% in the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock valued at $42,000 after purchasing an additional 825 shares during the period. Johnson Financial Group Inc. purchased a new position in Viavi Solutions in the third quarter valued at $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 worth $46,000 after purchasing an additional 676 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Viavi Solutions by 32.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after buying an additional 898 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in Viavi Solutions in the 2nd quarter worth $128,000. 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.