Brokerages Set Viavi Solutions Inc. (NASDAQ:VIAV) PT at $39.25

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $42.75.

VIAV has been the topic of a number of recent research reports. Needham & Company LLC lifted their target price on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. B. Riley Financial boosted their price target on Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. UBS Group boosted their price target on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a research report on Wednesday. Finally, Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd.

Viavi Solutions Stock Up 6.4%

Shares of Viavi Solutions stock opened at $53.46 on Tuesday. The business’s 50 day simple moving average is $47.36 and its 200 day simple moving average is $32.04. Viavi Solutions has a 52-week low of $9.08 and a 52-week high of $60.43. The firm has a market cap of $12.50 billion, a PE ratio of -222.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The business had revenue of $406.80 million for the quarter, compared to analyst estimates of $393.80 million. During the same quarter last year, the firm earned $0.15 EPS. Viavi Solutions’s revenue for the quarter 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, analysts predict that Viavi Solutions will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other Viavi Solutions news, EVP Paul Mcnab sold 2,727 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $54.96, for a total transaction of $149,875.92. Following the transaction, the executive vice president owned 15,471 shares of the company’s stock, valued at $850,286.16. The trade was a 14.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Oleg Khaykin sold 136,547 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $51.82, for a total value of $7,075,865.54. Following the transaction, the chief executive officer directly owned 1,188,798 shares in the company, valued at $61,603,512.36. This trade represents a 10.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 450,369 shares of company stock worth $23,789,119. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. WPG Advisers LLC increased its position in shares of Viavi Solutions by 96.2% during the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 380 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Viavi Solutions by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock worth $204,000 after acquiring an additional 394 shares during the last quarter. Lido Advisors LLC increased its holdings in shares of Viavi Solutions by 2.0% during the 4th quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock worth $438,000 after acquiring an additional 473 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Viavi Solutions by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock worth $580,000 after acquiring an additional 478 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Viavi Solutions by 1.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock worth $910,000 after acquiring an additional 800 shares during the last quarter. Institutional investors and hedge funds 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.