Viavi Solutions Inc. (NASDAQ:VIAV) Stock Has Average Target Price of $59.67 According to Analysts

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have received an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $57.83.

VIAV has been the topic of a number of analyst reports. Needham & Company LLC reduced their price objective on Viavi Solutions from $60.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday. B. Riley Financial dropped their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a research note on Wednesday, September 23rd. Stifel Nicolaus set a $65.00 price target on Viavi Solutions in a report on Wednesday, September 23rd. Finally, UBS Group reduced their price target on Viavi Solutions from $44.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday.

Viavi Solutions Price Performance

VIAV stock opened at $28.47 on Friday. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 118.63 and a beta of 1.31. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 0.30. Viavi Solutions has a 12 month low of $15.51 and a 12 month high of $60.43. The firm has a 50-day moving average of $36.67 and a two-hundred day moving average of $38.64.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, November 4th. The communications equipment provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06. The business had revenue of $469.30 million for the quarter, compared to analysts’ expectations of $455.06 million. Viavi Solutions had a return on equity of 25.36% and a net margin of 3.97%. The business’s revenue for the quarter was up 56.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS. As a group, analysts forecast that Viavi Solutions will post 1.42 earnings per share for the current fiscal year.

Key Viavi Solutions News

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

• Positive Sentiment: Viavi reported adjusted earnings of $0.47 per share, beating estimates of about $0.40–$0.41 and rising from $0.15 a year earlier; revenue also topped expectations. The company cited strength in data-center and aerospace/defense demand, and expects sequential revenue growth through fiscal 2027, with semiconductor testing adding to its opportunities. Article: VIAV Q1 Earnings Beat Estimates on Data Center, A&D Strength
• Positive Sentiment: The company announced a $500 million share-buyback plan, which could support per-share earnings and signal confidence in its prospects. Article: Viavi announces a $500 million equity buyback
• Neutral Sentiment: Needham cut its price target from $60 to $53 but retained a Buy rating. The lower target is a caution, though the analyst remains constructive. Article: Needham analyst recommendation
• Negative Sentiment: UBS lowered its target from $44 to $33 and moved to Neutral. Although the revised target is still above the quoted $28.47 share price, the cut and less favorable rating could weigh on sentiment. Article: UBS analyst recommendation

Insider Activity

In related news, EVP Paul McNab sold 11,032 shares of the firm’s 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 sale, the executive vice president directly owned 25,639 shares in the company, valued at approximately $999,151.83. This trade represents a 30.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Luke Scrivanich sold 35,866 shares of Viavi Solutions stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $36.24, for a total transaction of $1,299,783.84. Following the transaction, the senior vice president directly owned 39,598 shares in the company, valued at $1,435,031.52. This trade represents a 47.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 198,099 shares of company stock worth $7,916,628. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Viavi Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in VIAV. Allworth Financial LP grew its position in Viavi Solutions by 48.4% in the third quarter. Allworth Financial LP now owns 3,316 shares of the communications equipment provider’s stock worth $139,000 after acquiring an additional 1,082 shares during the period. Russell Investments Group Ltd. raised its position in Viavi Solutions by 27.2% in the third quarter. Russell Investments Group Ltd. now owns 445,574 shares of the communications equipment provider’s stock valued at $18,678,000 after purchasing an additional 95,326 shares during the period. Lisanti Capital Growth LLC raised its position in Viavi Solutions by 52.3% in the third quarter. Lisanti Capital Growth LLC now owns 99,440 shares of the communications equipment provider’s stock valued at $4,169,000 after purchasing an additional 34,165 shares during the period. Jefferies Financial Group Inc. raised its position in Viavi Solutions by 264.7% in the third quarter. Jefferies Financial Group Inc. now owns 78,405 shares of the communications equipment provider’s stock valued at $3,287,000 after purchasing an additional 56,909 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of Viavi Solutions in the 3rd quarter valued at $1,200,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

About Viavi Solutions

Viavi Solutions Inc develops testing, monitoring and assurance solutions for communications networks. Its products and software help service providers, equipment makers and enterprises build, maintain and troubleshoot fiber-optic, broadband, wireless and other network infrastructure, including technologies used in 5G and data centers.

The company also makes optical technologies and security products, including features used to authenticate banknotes, identity documents and branded goods.