Viavi Solutions (NASDAQ:VIAV) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Viavi Solutions (NASDAQ:VIAV) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

Other equities research analysts also recently issued research reports about the stock. UBS Group reduced their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Susquehanna increased their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research report on Wednesday, July 1st. B. Riley Financial cut their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Finally, Needham & Company LLC decreased their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.88.

Viavi Solutions Stock Down 5.0%

VIAV opened at $36.54 on Friday. Viavi Solutions has a fifty-two week low of $11.09 and a fifty-two week high of $60.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. The firm’s fifty day moving average price is $41.22 and its two-hundred day moving average price is $40.81. The company has a market capitalization of $9.02 billion, a P/E ratio of -243.58 and a beta of 1.21.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter in the prior year, the company posted $0.13 EPS. The business’s revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, analysts anticipate that Viavi Solutions will post 1.32 EPS for the current year.

Insider Buying and Selling at Viavi Solutions

In related news, Director Laura A. Black sold 71,000 shares of Viavi Solutions stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the transaction, the director directly owned 71,497 shares of the company’s stock, valued at $3,297,441.64. The trade was a 49.83% 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, EVP Paul Mcnab sold 1,595 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $37.37, for a total transaction of $59,605.15. Following the transaction, the executive vice president owned 13,876 shares in the company, valued at approximately $518,546.12. This trade represents a 10.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIAV. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Viavi Solutions during the second quarter worth approximately $707,000. California State Teachers Retirement System grew its stake in shares of Viavi Solutions by 4,790.6% during the second quarter. California State Teachers Retirement System now owns 12,773,316 shares of the communications equipment provider’s stock valued at $609,926,000 after purchasing an additional 12,512,136 shares during the last quarter. Greenland Capital Management LP acquired a new stake in shares of Viavi Solutions in the second quarter valued at approximately $530,000. HB Wealth Management LLC acquired a new stake in shares of Viavi Solutions in the second quarter valued at approximately $305,000. Finally, AlphaGrep UK Ltd bought a new position in Viavi Solutions in the 2nd quarter worth approximately $719,000. Institutional investors and hedge funds 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.