Viavi Solutions (NASDAQ:VIAV) Updates Q1 2027 Earnings Guidance

Viavi Solutions (NASDAQ:VIAV) updated its first quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.400-0.420 for the period, compared to the consensus earnings per share estimate of 0.270. The company issued revenue guidance of $450.0 million-$460.0 million, compared to the consensus revenue estimate of $433.2 million.

Wall Street Analyst Weigh In

VIAV has been the subject of several recent analyst reports. B. Riley Financial increased their price target on Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings lowered shares of Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 16th. UBS Group boosted their price target 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. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a research note on Wednesday, June 10th. Finally, Susquehanna raised their price objective on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research note on Wednesday, July 1st. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.88.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV traded down $1.42 during mid-day trading on Wednesday, reaching $38.90. The company had a trading volume of 7,343,875 shares, compared to its average volume of 6,348,477. The company has a 50-day moving average price of $44.82 and a two-hundred day moving average price of $38.66. The stock has a market cap of $9.10 billion, a PE ratio of -162.08 and a beta of 1.21. 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 1-year low of $9.92 and a 1-year high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The firm had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities analysts anticipate that Viavi Solutions will post 0.73 earnings per share for the current year.

Insider Activity at Viavi Solutions

In related news, CEO Oleg Khaykin sold 136,547 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $51.82, for a total value of $7,075,865.54. Following the completion of the transaction, the chief executive officer owned 1,188,798 shares of the company’s stock, valued at approximately $61,603,512.36. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its position in Viavi Solutions by 11.5% during the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock worth $2,051,000 after acquiring an additional 18,910 shares during the period. AQR Capital Management LLC increased its holdings in shares of Viavi Solutions by 110.5% in the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after purchasing an additional 17,673 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Viavi Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock worth $1,467,000 after purchasing an additional 5,775 shares in the last quarter. Millennium Management LLC lifted its position in shares of Viavi Solutions by 205.4% in the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock worth $5,335,000 after purchasing an additional 320,662 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Viavi Solutions during the first quarter worth approximately $165,000. Hedge funds and other 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.