Viavi Solutions (NASDAQ:VIAV) Receives “Buy” Rating from Rosenblatt Securities

Viavi Solutions (NASDAQ:VIAV)‘s stock had its “buy” rating restated by equities research analysts at Rosenblatt Securities in a report issued on Wednesday,Benzinga reports. They currently have a $70.00 target price on the communications equipment provider’s stock. Rosenblatt Securities’ target price indicates a potential upside of 69.20% from the stock’s previous close.

A number of other equities research analysts have also issued reports on VIAV. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Needham & Company LLC cut their price objective on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings lowered Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Stifel Nicolaus increased their target price on Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Susquehanna lifted their target price on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.88.

Viavi Solutions Price Performance

Viavi Solutions stock opened at $41.37 on Wednesday. The firm has a market capitalization of $9.68 billion, a PE ratio of -275.78 and a beta of 1.22. Viavi Solutions has a 12-month low of $10.44 and a 12-month high of $60.43. The firm has a 50-day moving average price of $43.08 and a 200-day moving average price of $40.20. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27.

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, topping the consensus estimate 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 business had revenue of $443.10 million during the quarter, compared to the consensus estimate of $432.62 million. During the same quarter last year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, equities research analysts forecast that Viavi Solutions will post 1.32 EPS for the current year.

Insiders Place Their Bets

In other news, Director Laura A. Black sold 71,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the transaction, the director owned 71,497 shares of the company’s stock, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Mcnab sold 1,595 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $37.37, for a total value 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 represents a 10.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Viavi Solutions in the 2nd quarter valued at about $1,228,529,000. Capital World Investors increased its holdings in Viavi Solutions by 4.4% during the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock valued at $278,356,000 after buying an additional 664,956 shares during the period. Dimensional Fund Advisors LP raised its stake in Viavi Solutions by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock worth $86,875,000 after buying an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Viavi Solutions by 0.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock worth $118,915,000 after buying an additional 33,463 shares during the period. Finally, Geode Capital Management LLC boosted its position in Viavi Solutions by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock valued at $95,373,000 after acquiring an additional 20,776 shares in the last quarter. 95.54% of the stock is currently owned by 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.