Q3 EPS Forecast for Viavi Solutions Lifted by Analyst

Key Points

• Northland Securities raised its Q3 2027 EPS forecast for Viavi Solutions to $0.48 from $0.34, and estimates $0.50 EPS for Q4 and $1.87 for FY2027.
• Viavi’s latest quarter beat expectations, reporting EPS of $0.47 versus $0.41 forecast and revenue of $469.3 million versus $455.1 million estimated; revenue rose 56.9% year over year.
• Analyst views are mixed, but the stock has a “Moderate Buy” consensus and a $57.83 consensus price target; shares opened at $32.54 on Friday.

Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) - Analysts at Northland Securities raised their Q3 2027 earnings per share estimates for Viavi Solutions in a research report issued on Thursday, November 5th. Northland Securities analyst T. Savageaux now expects that the communications equipment provider will earn $0.48 per share for the quarter, up from their prior forecast of $0.34. The consensus estimate for Viavi Solutions' current full-year earnings is $1.42 per share. Northland Securities also issued estimates for Viavi Solutions' Q4 2027 earnings at $0.50 EPS and FY2027 earnings at $1.87 EPS.

VIAV has been the subject of several other reports. Weiss Ratings raised Viavi Solutions from a "sell (d)" rating to a "hold (c)" rating in a research report on Monday. Needham & Company LLC cut their price target on shares of Viavi Solutions from $60.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, November 5th. UBS Group reduced their price target on shares of Viavi Solutions from $44.00 to $33.00 and set a "neutral" rating on the stock in a research report on Thursday, November 5th. Zacks Research cut shares of Viavi Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 12th. Finally, Stifel Nicolaus set a $65.00 price objective on shares of Viavi Solutions in a research note on Wednesday, September 23rd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.83.

Viavi Solutions Price Performance

VIAV opened at $32.54 on Friday. The stock's 50-day moving average price is $36.40 and its 200 day moving average price is $38.89. Viavi Solutions has a 12-month low of $15.51 and a 12-month high of $60.43. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 0.30. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 135.59, a PEG ratio of 1.94 and a beta of 1.31.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The communications equipment provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.41 by $0.06. The business had revenue of $469.30 million during the quarter, compared to analyst estimates of $455.06 million. Viavi Solutions had a return on equity of 25.36% and a net margin of 3.97%. The company's quarterly revenue was up 56.9% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Luke Scrivanich sold 35,866 shares of the company's stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $36.24, for a total transaction of $1,299,783.84. Following the sale, the senior vice president owned 39,598 shares of the company's stock, valued at approximately $1,435,031.52. This represents a 47.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ilan Daskal sold 56,290 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $36.29, for a total value of $2,042,764.10. Following the completion of the sale, the executive vice president owned 10,132 shares in the company, valued at approximately $367,690.28. The trade was a 84.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 198,099 shares of company stock worth $7,916,628. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Viavi Solutions

Large investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Viavi Solutions during the second quarter worth approximately $1,228,529,000. Assenagon Asset Management S.A. raised its holdings in Viavi Solutions by 1,402.9% in the third quarter. Assenagon Asset Management S.A. now owns 5,639,752 shares of the communications equipment provider's stock valued at $236,418,000 after acquiring an additional 5,264,496 shares in the last quarter. Granahan Investment Management LLC acquired a new stake in Viavi Solutions in the first quarter valued at approximately $3,187,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Viavi Solutions in the first quarter worth approximately $3,048,000. Finally, Ma Investment Partnership LP lifted its stake in Viavi Solutions by 150.0% in the first quarter. Ma Investment Partnership LP now owns 500,000 shares of the communications equipment provider's stock worth $16,640,000 after acquiring an additional 300,000 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company's stock.

About Viavi Solutions

Viavi Solutions Inc. develops testing, monitoring and assurance solutions for communications networks. Its products and software help service providers, equipment makers and enterprises build, maintain and troubleshoot fiber-optic, broadband, wireless and other network infrastructure, including technologies used in 5G and data centers. The company also makes optical technologies and security products, including features used to authenticate banknotes, identity documents and branded goods. These offerings support applications in areas such as anti-counterfeiting, document security and optical coatings.

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