Viavi Solutions (NASDAQ:VIAV) Reaches New 52-Week High – Here’s Why

Viavi Solutions Inc. (NASDAQ:VIAV) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $38.55 and last traded at $38.54, with a volume of 6071553 shares traded. The stock had previously closed at $35.87.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VIAV shares. Susquehanna upped their price target on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Rosenblatt Securities upped their price target on shares of Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Wall Street Zen lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Stifel Nicolaus upped their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Needham & Company LLC increased their price objective on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Viavi Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

Viavi Solutions Price Performance

The company has a market capitalization of $8.92 billion, a P/E ratio of -214.10 and a beta of 0.85. The company’s 50-day moving average price is $30.12 and its two-hundred day moving average price is $21.23. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32.

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

Insider Activity

In other news, CEO Oleg Khaykin sold 74,315 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $26.48, for a total value of $1,967,861.20. Following the transaction, the chief executive officer directly owned 1,849,437 shares of the company’s stock, valued at $48,973,091.76. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Gary W. Staley sold 24,237 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $23.93, for a total transaction of $579,991.41. Following the completion of the transaction, the senior vice president owned 136,267 shares in the company, valued at $3,260,869.31. This trade represents a 15.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 485,772 shares of company stock worth $12,736,803 over the last three months. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital World Investors grew its stake in shares of Viavi Solutions by 4.4% in the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock valued at $278,356,000 after acquiring an additional 664,956 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Viavi Solutions by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock valued at $86,875,000 after acquiring an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Viavi Solutions by 0.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock valued at $118,915,000 after acquiring an additional 33,463 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Viavi Solutions by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock valued at $95,373,000 after acquiring an additional 20,776 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Viavi Solutions by 116.0% in the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock valued at $67,886,000 after acquiring an additional 2,045,702 shares in the last quarter. 95.54% of the stock is currently 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.