Viavi Solutions Inc. (NASDAQ:VIAV) Receives $42.88 Consensus PT from Analysts

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $42.8750.

A number of research firms have issued reports on VIAV. Weiss Ratings raised Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research report on Wednesday, June 10th. B. Riley Financial raised their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, UBS Group boosted their target price on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th.

Insider Buying and Selling

In other news, SVP Luke M. Scrivanich sold 10,693 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the transaction, the senior vice president owned 39,287 shares in the company, valued at approximately $2,082,211. The trade was a 21.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $54.02, for a total transaction of $445,935.10. Following the transaction, the senior vice president directly owned 20,129 shares of the company’s stock, valued at $1,087,368.58. This represents a 29.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 450,369 shares of company stock worth $23,789,119. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Viavi Solutions

A number of hedge funds have recently modified their holdings of VIAV. WPG Advisers LLC increased its position in shares of Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 380 shares during the period. Carolina Wealth Advisors LLC lifted its position in Viavi Solutions by 83.2% in the second 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. Cedar Mountain Advisors LLC acquired a new stake in Viavi Solutions during the first quarter worth $50,000. State of Wyoming bought a new stake in Viavi Solutions in the 4th quarter valued at $34,000. Finally, Hantz Financial Services Inc. increased its holdings in Viavi Solutions by 86.2% in the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after buying an additional 1,317 shares during the period. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

Viavi Solutions stock traded up $0.20 on Friday, reaching $43.08. 3,373,296 shares of the stock were exchanged, compared to its average volume of 8,809,959. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. Viavi Solutions has a twelve month low of $9.61 and a twelve month high of $60.43. The firm has a fifty day moving average price of $49.17 and a two-hundred day moving average price of $36.06. The stock has a market cap of $10.08 billion, a PE ratio of -179.49 and a beta of 1.18.

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

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.