Viavi Solutions (NASDAQ:VIAV) Reaches New 52-Week High – Here’s Why

Viavi Solutions Inc. (NASDAQ:VIAV) shares reached a new 52-week high on Wednesday . The company traded as high as $38.55 and last traded at $38.54, with a volume of 6071553 shares. The stock had previously closed at $35.87.

Analyst Ratings Changes

VIAV has been the subject of a number of recent research reports. Needham & Company LLC boosted their price target on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Susquehanna boosted their price target 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. Stifel Nicolaus boosted their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Rosenblatt Securities boosted their price objective on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Viavi Solutions Price Performance

The company has a market cap of $8.92 billion, a price-to-earnings ratio of -214.10 and a beta of 0.85. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46. The company’s fifty day moving average price is $30.12 and its two-hundred day moving average price is $21.23.

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

Insider Buying and Selling at Viavi Solutions

In related news, SVP Gary W. Staley sold 24,237 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $23.93, for a total transaction of $579,991.41. Following the completion of the transaction, the senior vice president owned 136,267 shares in the company, valued at approximately $3,260,869.31. This represents a 15.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Oleg Khaykin sold 74,315 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total transaction of $1,967,861.20. Following the transaction, the chief executive officer owned 1,849,437 shares of the company’s stock, valued at $48,973,091.76. The trade was a 3.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 485,772 shares of company stock valued at $12,736,803 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Capital World Investors boosted 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 worth $278,356,000 after purchasing an additional 664,956 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Viavi Solutions by 3.5% during 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 acquiring an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position 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 acquiring an additional 33,463 shares in the last quarter. Geode Capital Management LLC raised its position in Viavi Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock worth $95,373,000 after acquiring an additional 20,776 shares in the last quarter. Finally, Invesco Ltd. raised its position in Viavi Solutions by 116.0% during the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after acquiring an additional 2,045,702 shares in the last quarter. Institutional investors and hedge funds 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.