Viavi Solutions (NASDAQ:VIAV) Price Target Raised to $42.00

Viavi Solutions (NASDAQ:VIAV) had its target price increased by Rosenblatt Securities from $27.00 to $42.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the communications equipment provider’s stock.

Several other research analysts have also recently commented on the company. B. Riley Financial boosted their target price on Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Wall Street Zen cut Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Needham & Company LLC boosted their price objective on Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Susquehanna upped their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Finally, Stifel Nicolaus raised their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $25.00.

Viavi Solutions Price Performance

Viavi Solutions stock opened at $31.44 on Wednesday. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46. Viavi Solutions has a 52-week low of $8.10 and a 52-week high of $35.61. The firm has a market cap of $7.27 billion, a PE ratio of -174.63 and a beta of 0.92. The company’s 50 day moving average is $26.16 and its two-hundred day moving average is $19.15.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The business had revenue of $369.30 million during the quarter, compared to the consensus estimate of $365.25 million. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, research analysts expect that Viavi Solutions will post 0.26 EPS for the current fiscal year.

Insider Activity

In other news, CEO Oleg Khaykin sold 74,315 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total value of $1,967,861.20. Following the transaction, the chief executive officer owned 1,849,437 shares in the company, valued at approximately $48,973,091.76. This represents a 3.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Gary W. Staley sold 24,237 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $23.93, for a total value of $579,991.41. Following the sale, the senior vice president directly owned 136,267 shares in the company, valued at $3,260,869.31. This trade represents a 15.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 485,772 shares of company stock valued at $12,736,803. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC purchased a new stake in shares of Viavi Solutions during the 4th quarter worth approximately $218,000. Corient Private Wealth LLC grew its position in shares of Viavi Solutions by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock valued at $204,000 after buying an additional 394 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Viavi Solutions during the 4th quarter worth $169,000. Dean Capital Management raised its stake in Viavi Solutions by 10.3% during the 4th quarter. Dean Capital Management now owns 221,405 shares of the communications equipment provider’s stock worth $3,945,000 after acquiring an additional 20,686 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Viavi Solutions by 116.0% in the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock valued at $67,886,000 after acquiring an additional 2,045,702 shares during the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Company Profile

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.