Viavi Solutions Inc. (NASDAQ:VIAV) Receives $13.50 Average Price Target from Brokerages

Key Points

• Viavi Solutions Inc. has received a consensus recommendation of "Moderate Buy" from nine brokerages, with an average 1-year price target of $13.50.
• The company reported a quarterly earnings per share (EPS) of $0.13, exceeding analysts' estimates, and experienced a 15.3% increase in revenue year-over-year, totaling $290.50 million.
• Significant insider transactions occurred recently, including a director selling 8,385 shares, which represents a 3.58% decrease in their ownership of the company.

Shares of Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $13.50.

A number of analysts recently issued reports on VIAV shares. B. Riley boosted their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Rosenblatt Securities reiterated a "buy" rating and set a $13.50 price target on shares of Viavi Solutions in a research report on Friday, June 20th. Susquehanna raised shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target on the stock in a report on Friday, August 8th. UBS Group raised their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Finally, Morgan Stanley raised Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price target on the stock in a report on Tuesday, September 2nd.

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV traded up $0.36 during midday trading on Friday, hitting $12.26. The company's stock had a trading volume of 3,925,156 shares, compared to its average volume of 3,764,353. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 76.63 and a beta of 0.91. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $10.70 and a 200 day moving average price of $10.29. Viavi Solutions has a one year low of $8.10 and a one year high of $12.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The business had revenue of $290.50 million during the quarter, compared to analyst estimates of $285.19 million. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. Viavi Solutions's revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, research analysts forecast that Viavi Solutions will post 0.26 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Luke M. Scrivanich sold 11,873 shares of Viavi Solutions stock in a transaction on Friday, August 29th. The shares were sold at an average price of $11.18, for a total value of $132,740.14. Following the transaction, the senior vice president owned 66,836 shares in the company, valued at $747,226.48. This trade represents a 15.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin Christopher Siebert sold 13,115 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $11.18, for a total transaction of $146,625.70. Following the sale, the senior vice president owned 71,159 shares of the company's stock, valued at approximately $795,557.62. The trade was a 15.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,873 shares of company stock valued at $605,095 over the last 90 days. Insiders own 1.52% of the company's stock.

Institutional Investors Weigh In On Viavi Solutions

A number of large investors have recently added to or reduced their stakes in VIAV. Family Legacy Financial Solutions LLC purchased a new stake in shares of Viavi Solutions during the second quarter worth about $43,000. USA Financial Formulas bought a new position in Viavi Solutions during the 1st quarter valued at approximately $53,000. AlphaQuest LLC purchased a new stake in Viavi Solutions in the 1st quarter worth approximately $55,000. First Horizon Advisors Inc. grew its position in shares of Viavi Solutions by 29.1% in the 1st quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock worth $56,000 after buying an additional 1,138 shares during the last quarter. Finally, Quarry LP grew its position in shares of Viavi Solutions by 481.2% in the 1st quarter. Quarry LP now owns 9,450 shares of the communications equipment provider's stock worth $106,000 after buying an additional 7,824 shares during the last quarter. Institutional investors own 95.54% of the company's stock.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.