Viavi Solutions (NASDAQ:VIAV) Announces Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Viavi Solutions reported $0.13 EPS for the quarter, exceeding analysts' estimates of $0.12 EPS, with revenue reaching $290.50 million, also surpassing expectations.
• The company's Q1 2026 EPS guidance has been updated to a range of 0.130-0.14 EPS, reflecting confidence in continued performance.
• Shares of Viavi Solutions saw a midday trading increase, reaching $10.93, with institutional investors holding 95.54% of the stock.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) announced its quarterly earnings results on Thursday. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01, Briefing.com reports. The company had revenue of $290.50 million for the quarter, compared to analysts' expectations of $285.19 million. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.24%. Viavi Solutions's revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. Viavi Solutions updated its Q1 2026 guidance to 0.130-0.14 EPS.

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV traded up $0.77 during midday trading on Friday, hitting $10.93. 10,212,271 shares of the company's stock traded hands, compared to its average volume of 1,680,294. Viavi Solutions has a 1 year low of $7.05 and a 1 year high of $12.91. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 68.32 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.32 and a current ratio of 1.53. The firm has a fifty day moving average of $9.92 and a 200 day moving average of $10.36.

Insider Activity at Viavi Solutions

In other news, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $10.02, for a total transaction of $84,017.70. Following the completion of the sale, the director owned 242,311 shares of the company's stock, valued at $2,427,956.22. This represents a 3.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIAV. Jane Street Group LLC increased its holdings in Viavi Solutions by 280.6% in the 1st quarter. Jane Street Group LLC now owns 504,198 shares of the communications equipment provider's stock worth $5,642,000 after acquiring an additional 371,728 shares in the last quarter. Millennium Management LLC boosted its position in shares of Viavi Solutions by 205.4% during the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider's stock valued at $5,335,000 after acquiring an additional 320,662 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Viavi Solutions by 8.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 554,364 shares of the communications equipment provider's stock valued at $6,203,000 after acquiring an additional 44,618 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Viavi Solutions by 11.5% during the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider's stock valued at $2,051,000 after acquiring an additional 18,910 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Viavi Solutions by 110.5% during the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider's stock valued at $377,000 after acquiring an additional 17,673 shares during the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VIAV. B. Riley upped their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday. Susquehanna upgraded shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target on the stock in a research note on Friday. Rosenblatt Securities reiterated a "buy" rating and issued a $13.50 price target on shares of Viavi Solutions in a research note on Friday, June 20th. UBS Group boosted their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $15.00 target price on shares of Viavi Solutions in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.17.

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.

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