Viavi Solutions (NASDAQ:VIAV) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Viavi Solutions (NASDAQ:VIAV) from a strong-buy rating to a buy rating in a report released on Sunday morning.

VIAV has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Stifel Nicolaus lifted their price target on shares of Viavi Solutions from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Argus increased their price objective on shares of Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Rosenblatt Securities raised their price objective on shares of Viavi Solutions from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, B. Riley raised Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.44.

Viavi Solutions Stock Up 0.2%

Shares of NASDAQ VIAV opened at $18.64 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.74 and a debt-to-equity ratio of 0.88. Viavi Solutions has a 12-month low of $8.10 and a 12-month high of $19.75. The firm’s 50-day moving average price is $17.83 and its 200-day moving average price is $14.14. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 266.29 and a beta of 0.94.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The company had revenue of $299.10 million for the quarter, compared to analysts’ expectations of $294.35 million. Viavi Solutions had a return on equity of 10.70% and a net margin of 1.33%.The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. On average, equities research analysts anticipate that Viavi Solutions will post 0.26 EPS for the current fiscal year.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Eugenia Corrales sold 3,384 shares of Viavi Solutions 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 completion of the sale, the director directly owned 3,384 shares of the company’s stock, valued at $63,483.84. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ilan Daskal sold 170,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $17.49, for a total value of $2,973,300.00. Following the transaction, the executive vice president directly owned 10,132 shares in the company, valued at $177,208.68. The trade was a 94.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 606,226 shares of company stock valued at $10,714,820 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in Viavi Solutions by 33.6% during the 3rd 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. bought a new position in shares of Viavi Solutions during the third quarter valued at approximately $44,000. Covestor Ltd increased its holdings in Viavi Solutions by 22.9% during the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after buying an additional 676 shares during the period. Nisa Investment Advisors LLC raised its stake in 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 worth $47,000 after buying an additional 898 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in Viavi Solutions during the second quarter worth $109,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

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.