Viavi Solutions Inc. (VIAV) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts maintain a moderately bullish view of Viavi Solutions, with six buy ratings, one strong buy, one hold and one sell. The average 12-month price target is $55.43, although several firms recently lowered their targets.
• Viavi reported stronger-than-expected quarterly results, earning $0.34 per share versus the $0.30 consensus estimate, while revenue rose 52.5% year over year to $443.1 million.
• Insiders have been selling shares: company insiders sold 199,694 shares worth approximately $8.0 million over the past 90 days. Institutional investors remain heavily involved, owning 95.54% of the stock.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $55.43.

VIAV has been the topic of several recent analyst reports. UBS Group reduced their target price on Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday, August 6th. Wall Street Zen cut Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 29th. Susquehanna lifted their target price on Viavi Solutions from $65.00 to $66.00 and gave the stock a "positive" rating in a report on Wednesday, July 1st. Zacks Research upgraded shares of Viavi Solutions from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. Finally, Needham & Company LLC decreased their price target on Viavi Solutions from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, August 6th.

Insiders Place Their Bets

In other Viavi Solutions news, EVP Paul McNab sold 11,032 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $38.97, for a total value of $429,917.04. Following the sale, the executive vice president directly owned 25,639 shares of the company's stock, valued at approximately $999,151.83. This trade represents a 30.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Luke Scrivanich sold 35,866 shares of Viavi Solutions stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $36.24, for a total transaction of $1,299,783.84. Following the completion of the sale, the senior vice president directly owned 39,598 shares in the company, valued at $1,435,031.52. This represents a 47.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 199,694 shares of company stock worth $7,976,233. Company insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Viavi Solutions

A number of large investors have recently modified their holdings of VIAV. WPG Advisers LLC grew its stake in shares of 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 buying an additional 380 shares during the period. Silvant Capital Management LLC purchased a new position in shares of Viavi Solutions during the second quarter worth $33,000. Persistent Asset Partners Ltd acquired a new position in Viavi Solutions in the 2nd quarter valued at about $38,000. Carolina Wealth Advisors LLC grew its holdings in shares of Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider's stock valued at $41,000 after purchasing an additional 387 shares in the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Viavi Solutions in the first quarter worth $50,000. Hedge funds and other institutional investors own 95.54% of the company's stock.

Viavi Solutions Price Performance

Shares of VIAV opened at $45.46 on Monday. The firm has a market capitalization of $11.18 billion, a P/E ratio of -303.05 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 has a 12-month low of $12.23 and a 12-month high of $60.43. The firm has a fifty day moving average price of $39.27 and a 200-day moving average price of $42.87.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The business had revenue of $443.10 million for the quarter, compared to the consensus estimate of $432.62 million. During the same period in the prior year, the firm earned $0.13 EPS. The company's revenue for the quarter was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities research analysts expect that Viavi Solutions will post 1.42 earnings per share for the current year.

About Viavi Solutions

Viavi Solutions Inc NASDAQ: VIAV develops test, measurement, and assurance technologies for communications networks, optical systems, and related industrial applications. Its solutions are used by network equipment manufacturers, communications service providers, contractors, and government organizations to install, validate, monitor, and maintain wired and wireless networks.

The company's offerings include instruments and software for fiber-optic testing, network performance monitoring, service activation, troubleshooting, and assurance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.