Viavi Solutions (NASDAQ:VIAV) Shares Up 7.9% – What’s Next?

Viavi Solutions Inc. (NASDAQ:VIAV) traded up 7.9% during trading on Thursday . The stock traded as high as $44.15 and last traded at $43.9310. 894,778 shares were traded during mid-day trading, a decline of 86% from the average session volume of 6,530,013 shares. The stock had previously closed at $40.70.

Wall Street Analysts Forecast Growth

VIAV has been the subject of a number of analyst reports. Susquehanna lifted their price objective on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday, July 1st. B. Riley Financial raised their target price on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a report on Wednesday, June 10th. Weiss Ratings raised Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, UBS Group upped their price objective on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.88.

Viavi Solutions Stock Performance

The stock has a market capitalization of $10.08 billion, a price-to-earnings ratio of -179.49 and a beta of 1.18. The company’s fifty day simple moving average is $49.17 and its 200 day simple moving average is $36.06. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The company had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $393.80 million. During the same quarter last year, the company posted $0.15 EPS. Viavi Solutions’s quarterly 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. On average, equities research analysts expect that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Insider Activity

In other news, Director Doug Gilstrap sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.00, for a total transaction of $550,000.00. Following the transaction, the director owned 55,766 shares in the company, valued at approximately $3,067,130. This trade represents a 15.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin Christopher Siebert sold 8,255 shares of Viavi Solutions stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $54.02, for a total value of $445,935.10. Following the sale, the senior vice president directly owned 20,129 shares of the company’s stock, valued at approximately $1,087,368.58. The trade was a 29.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 450,369 shares of company stock valued at $23,789,119. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VIAV. WPG Advisers LLC grew its stake in shares of Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 380 shares in the last quarter. State of Wyoming bought a new stake in Viavi Solutions in the 4th quarter valued at about $34,000. Carolina Wealth Advisors LLC grew its position in shares of Viavi Solutions by 83.2% during the 2nd 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 in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Viavi Solutions in the third quarter valued at approximately $44,000. Finally, Cedar Mountain Advisors LLC acquired a new stake in Viavi Solutions during the first quarter worth approximately $50,000. Institutional investors own 95.54% of the company’s stock.

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.