Viavi Solutions Inc. (NASDAQ:VIAV) Stock Has Average Target Price of $55.43

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $55.43.

Several brokerages have commented on VIAV. Weiss Ratings cut shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research note on Wednesday, September 23rd. Needham & Company LLC cut 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. Stifel Nicolaus set a $65.00 target price on shares of Viavi Solutions in a report on Wednesday, September 23rd. Finally, UBS Group decreased their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th.

Insider Activity

In other Viavi Solutions news, EVP Ilan Daskal sold 56,290 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $36.29, for a total value of $2,042,764.10. Following the completion of the transaction, the executive vice president owned 10,132 shares in the company, valued at approximately $367,690.28. This represents a 84.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul McNab sold 11,032 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $38.97, for a total transaction of $429,917.04. Following the sale, the executive vice president directly owned 25,639 shares in the company, valued at approximately $999,151.83. The trade was a 30.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 199,694 shares of company stock worth $7,976,233 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. Fortitude Family Office LLC boosted its position in Viavi Solutions by 413.3% during the third quarter. Fortitude Family Office LLC now owns 811 shares of the communications equipment provider’s stock worth $34,000 after purchasing an additional 653 shares in the last quarter. Sanders Morris Harris LLC acquired a new stake in Viavi Solutions in the third quarter valued at approximately $524,000. Avior Wealth Management LLC purchased a new stake in shares of Viavi Solutions in the third quarter valued at approximately $276,000. GAMMA Investing LLC increased its position in shares of Viavi Solutions by 10.0% in the third quarter. GAMMA Investing LLC now owns 6,706 shares of the communications equipment provider’s stock valued at $281,000 after buying an additional 611 shares in the last quarter. Finally, HBK Investments L P purchased a new stake in shares of Viavi Solutions in the second quarter valued at approximately $9,550,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions Trading Down 6.6%

Shares of NASDAQ:VIAV opened at $38.55 on Monday. Viavi Solutions has a 52-week low of $12.77 and a 52-week high of $60.43. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of -256.98 and a beta of 1.21. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $39.37 and a 200-day moving average price of $42.97.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $443.10 million during the quarter, compared to the consensus estimate of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%. The company’s revenue was up 52.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities analysts predict that Viavi Solutions will post 1.42 EPS for the current year.

Key Headlines Impacting Viavi Solutions

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: U.S. Army selects VIAVI technology for range modernization. The Army’s Threat Systems Management Office chose Viavi’s T/Rx software-defined transceiver system to create realistic electromagnetic-spectrum environments for testing drones, counter-drone systems and interceptors. The selection expands Viavi’s defense exposure and could support future orders, although financial terms were not disclosed. VIAVI T/Rx Selected by U.S. Army Threat Systems Management Office for Critical Range Modernization Initiative
• Neutral Sentiment: Fiscal first-quarter earnings date announced. Viavi will report results for the period ended October 3 on November 4 after the market closes. The announcement itself does not change fundamentals, but investors may focus on whether the company sustains recent growth and meets its fiscal 2027 outlook. VIAVI Announces Date for Fiscal First Quarter 2027 Financial Results
• Negative Sentiment: Zacks Research downgraded Viavi from “Strong Buy” to “Hold.” The rating change can weigh on investor sentiment and suggests less conviction in additional upside after the stock’s substantial advance over the past year.
• Neutral Sentiment: Peer comparison articles provide limited new information. Reviews comparing Viavi with Ribbon Communications and F5 may influence investor discussion, but no specific fundamental change or new target was identified in the reports.

Viavi Solutions Company Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks, optical systems, and related industrial applications. Its solutions are used by network equipment manufacturers, communications service providers, contractors, and government organizations to install, validate, monitor, and maintain wired and wireless networks.

The company’s offerings include instruments and software for fiber-optic testing, network performance monitoring, service activation, troubleshooting, and assurance.