Viavi Solutions (NASDAQ:VIAV) Downgraded to "Buy" Rating by Wall Street Zen

Viavi Solutions (NASDAQ:VIAV - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently commented on the stock. Zacks Research raised shares of Viavi Solutions from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 13th. UBS Group lowered their price target on shares of Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. Weiss Ratings raised shares of Viavi Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday. Stifel Nicolaus increased their price objective on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Needham & Company LLC reduced their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Viavi Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $49.88.

Viavi Solutions Price Performance

Shares of Viavi Solutions stock opened at $36.54 on Friday. The firm's 50-day moving average price is $41.22 and its two-hundred day moving average price is $40.81. Viavi Solutions has a 1-year low of $11.09 and a 1-year high of $60.43. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of -243.58 and a beta of 1.21. 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 - Get Free Report) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The firm's quarterly revenue was up 52.5% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities analysts predict that Viavi Solutions will post 1.32 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Laura A. Black sold 71,000 shares of Viavi Solutions stock in a transaction dated 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 in the company, valued at $3,297,441.64. The trade was a 49.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president owned 13,876 shares of the company's stock, valued at $518,546.12. This represents a 10.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Silvant Capital Management LLC acquired a new stake in Viavi Solutions during the 2nd quarter valued at $33,000. WPG Advisers LLC lifted its position in Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider's stock worth $26,000 after acquiring an additional 380 shares during the last quarter. Persistent Asset Partners Ltd acquired a new position in shares of Viavi Solutions in the second quarter valued at approximately $38,000. Carolina Wealth Advisors LLC increased its position in Viavi Solutions by 83.2% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider's stock worth $41,000 after buying an additional 387 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Viavi Solutions during the second quarter worth $57,000. 95.54% of the stock is currently owned by institutional investors.

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.

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