Viavi Solutions (NASDAQ:VIAV) Trading Up 7.9% – What’s Next?

Viavi Solutions Inc. (NASDAQ:VIAV) shares were up 7.9% on Friday . The company traded as high as $53.12 and last traded at $54.2060. Approximately 439,600 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 5,972,889 shares. The stock had previously closed at $50.24.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VIAV shares. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Needham & Company LLC upped their price objective on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. B. Riley Financial upped their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Viavi Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $42.75.

Viavi Solutions Trading Up 7.6%

The stock’s fifty day moving average price is $47.00 and its 200 day moving average price is $31.89. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The stock has a market cap of $12.65 billion, a PE ratio of -223.29 and a beta of 1.18.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The firm had revenue of $406.80 million for the quarter, compared to analysts’ expectations of $393.80 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, sell-side analysts forecast that Viavi Solutions Inc. will post 0.73 EPS for the current year.

Insider Activity

In other news, SVP Kevin Christopher Siebert sold 8,255 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $54.02, for a total transaction of $445,935.10. Following the sale, the senior vice president owned 20,129 shares in the company, valued at $1,087,368.58. This represents a 29.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Doug Gilstrap sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total transaction of $550,000.00. Following the sale, the director owned 55,766 shares in the company, valued at approximately $3,067,130. The trade was a 15.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 450,369 shares of company stock valued at $23,789,119. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA bought a new position in Viavi Solutions during the first quarter valued at approximately $632,000. Bank of America Corp DE lifted its position in Viavi Solutions by 27.0% during the first quarter. Bank of America Corp DE now owns 2,587,893 shares of the communications equipment provider’s stock valued at $86,125,000 after purchasing an additional 550,589 shares during the period. Ma Investment Partnership LP lifted its position in Viavi Solutions by 150.0% during the first quarter. Ma Investment Partnership LP now owns 500,000 shares of the communications equipment provider’s stock valued at $16,640,000 after purchasing an additional 300,000 shares during the period. Amundi lifted its position in Viavi Solutions by 17.7% during the first quarter. Amundi now owns 43,746 shares of the communications equipment provider’s stock valued at $1,456,000 after purchasing an additional 6,592 shares during the period. Finally, California State Teachers Retirement System lifted its position in Viavi Solutions by 23.8% during the first quarter. California State Teachers Retirement System now owns 261,180 shares of the communications equipment provider’s stock valued at $8,692,000 after purchasing an additional 50,187 shares during the period. Institutional investors own 95.54% of the company’s stock.

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.