Viavi Solutions Inc. (NASDAQ:VIAV) Receives $49.88 Average PT from Brokerages

Viavi Solutions Inc. (NASDAQ:VIAV) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $49.8750.

VIAV has been the subject of several analyst reports. Weiss Ratings raised shares of Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Stifel Nicolaus upped their price objective on Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC reduced their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, UBS Group decreased their price target on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th.

Viavi Solutions Stock Down 5.0%

VIAV stock opened at $36.54 on Friday. The business has a 50 day moving average of $41.22 and a 200 day moving average of $40.81. The firm has a market cap of $9.02 billion, a PE ratio of -243.58 and a beta of 1.21. Viavi Solutions has a twelve month low of $11.09 and a twelve month high of $60.43. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27.

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

Insider Activity

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

Institutional Trading of Viavi Solutions

Hedge funds have recently bought and sold shares of the company. WPG Advisers LLC boosted its position in Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 380 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Viavi Solutions during the 2nd quarter valued at about $33,000. State of Wyoming purchased a new stake in shares of Viavi Solutions during the 4th quarter valued at about $34,000. Persistent Asset Partners Ltd bought a new position in shares of Viavi Solutions in the 2nd quarter worth approximately $38,000. Finally, Carolina Wealth Advisors LLC lifted its stake in shares of Viavi Solutions by 83.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after purchasing an additional 387 shares during the period. Hedge funds and other institutional investors own 95.54% of the company’s stock.

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.