Viavi Solutions (NASDAQ:VIAV) Sets New 1-Year High – Still a Buy?

Viavi Solutions Inc. (NASDAQ:VIAV) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $28.31 and last traded at $27.4160, with a volume of 583779 shares trading hands. The stock had previously closed at $27.53.

Analyst Ratings Changes

VIAV has been the subject of several analyst reports. Wall Street Zen downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Rosenblatt Securities set a $27.00 price target on shares of Viavi Solutions in a research note on Thursday, January 29th. UBS Group raised their target price on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Argus lifted their price objective on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.13.

Viavi Solutions Trading Up 3.3%

The company has a market capitalization of $6.96 billion, a P/E ratio of -167.09 and a beta of 0.96. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.32 and a current ratio of 2.61. The stock has a fifty day moving average of $21.45 and a 200 day moving average of $16.71.

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

Insider Activity

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 24,225 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $18.26, for a total value of $442,348.50. Following the completion of the sale, the senior vice president directly owned 49,225 shares of the company’s stock, valued at $898,848.50. The trade was a 32.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Oleg Khaykin sold 85,836 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $17.63, for a total transaction of $1,513,288.68. Following the transaction, the chief executive officer directly owned 2,025,005 shares in the company, valued at approximately $35,700,838.15. This trade represents a 4.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 830,596 shares of company stock worth $18,646,027 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VIAV. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Viavi Solutions by 431.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock valued at $84,258,000 after buying an additional 5,389,435 shares in the last quarter. Invesco Ltd. grew its holdings 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 worth $67,886,000 after purchasing an additional 2,045,702 shares during the last quarter. Marshall Wace LLP grew its stake in Viavi Solutions by 1,011.9% during the 4th quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider’s stock worth $38,983,000 after buying an additional 1,990,848 shares during the last quarter. Bowen Hanes & Co. Inc. purchased a new position in shares of Viavi Solutions in the 4th quarter valued at approximately $33,323,000. Finally, Aberdeen Group plc purchased a new position in shares of Viavi Solutions in the third quarter worth $20,110,000. Hedge funds and other institutional investors 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.