Viavi Solutions Inc. (NASDAQ:VIAV) Receives $49.88 Average Target Price from Brokerages

Viavi Solutions Inc. (NASDAQ:VIAV) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $49.8750.

A number of equities research analysts have issued reports on VIAV shares. Needham & Company LLC decreased their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Susquehanna lifted their price objective on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research note on Wednesday, July 1st. Rosenblatt Securities restated a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a research note on Wednesday, August 19th. UBS Group lowered their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Weiss Ratings downgraded Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th.

Insiders Place Their Bets

In other Viavi Solutions news, EVP Paul Mcnab sold 1,595 shares of the 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 completion of the sale, the executive vice president directly owned 13,876 shares of the company’s stock, valued at $518,546.12. This represents a 10.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laura A. Black sold 71,000 shares of the firm’s 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 completion of the sale, the director owned 71,497 shares in the company, valued at $3,297,441.64. This represents a 49.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Silvant Capital Management LLC acquired a new stake in Viavi Solutions during the second quarter worth about $33,000. WPG Advisers LLC raised its holdings in Viavi Solutions by 96.2% in the 1st 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. Persistent Asset Partners Ltd acquired a new position in Viavi Solutions in the 2nd quarter valued at approximately $38,000. Carolina Wealth Advisors LLC raised its holdings in Viavi Solutions by 83.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after acquiring an additional 387 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Viavi Solutions in the 2nd quarter worth approximately $57,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Up 2.1%

Shares of Viavi Solutions stock opened at $37.71 on Friday. Viavi Solutions has a 12-month low of $11.03 and a 12-month high of $60.43. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average price of $41.80 and a two-hundred day moving average price of $40.66. The stock has a market capitalization of $9.30 billion, a P/E ratio of -251.38 and a beta of 1.21.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company’s quarterly revenue was up 52.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities analysts expect that Viavi Solutions will post 1.32 earnings per share for the current year.

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.