Viavi Solutions (NASDAQ:VIAV) Price Target Raised to $53.00

Key Points

• B. Riley raised its price target on Viavi to $53 (from $26) and kept a "buy" rating, implying roughly an 11.6% upside from the prior close.
• Viavi beat its latest quarter: $0.22 EPS vs $0.19 expected and $369.3M revenue vs $365.25M, with revenue up 36.4% year-over-year; shares opened at $47.48, near the 52-week high, giving a market cap of about $11B.
• Analyst opinions are mixed — six buys, two holds and one sell result in a consensus "Moderate Buy" with a $28.88 average price target well below B. Riley's $53 — and insiders have sold roughly 485,772 shares (~$12.7M) in the past 90 days.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) had its price objective lifted by equities researchers at B. Riley Financial from $26.00 to $53.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the communications equipment provider's stock. B. Riley Financial's price objective indicates a potential upside of 11.62% from the company's previous close.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Viavi Solutions in a report on Monday, December 29th. Stifel Nicolaus boosted their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. Wall Street Zen cut Viavi Solutions from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Rosenblatt Securities increased their price objective on Viavi Solutions from $27.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, March 18th. Finally, Needham & Company LLC raised their price target on Viavi Solutions from $28.00 to $36.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $28.88.

Viavi Solutions Price Performance

Shares of VIAV opened at $47.48 on Friday. The company has a market capitalization of $10.99 billion, a price-to-earnings ratio of -256.37 and a beta of 0.85. Viavi Solutions has a fifty-two week low of $8.10 and a fifty-two week high of $47.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.32 and a current ratio of 2.61. The firm has a 50-day simple moving average of $34.24 and a 200-day simple moving average of $23.62.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. The business had revenue of $369.30 million for the quarter, compared to analyst estimates of $365.25 million. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The business's quarterly revenue was up 36.4% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, equities research analysts anticipate that Viavi Solutions will post 0.64 earnings per share for the current year.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Richard Belluzzo sold 15,775 shares of the firm's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $26.85, for a total value of $423,558.75. Following the transaction, the director directly owned 211,850 shares of the company's stock, valued at approximately $5,688,172.50. This trade represents a 6.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Oleg Khaykin sold 42,767 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $27.50, for a total value of $1,176,092.50. Following the completion of the sale, the chief executive officer directly owned 1,592,854 shares of the company's stock, valued at approximately $43,803,485. The trade was a 2.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 485,772 shares of company stock valued at $12,736,803. 1.80% of the stock is owned by insiders.

Institutional Trading of Viavi Solutions

A number of institutional investors have recently bought and sold shares of VIAV. Royal Bank of Canada boosted its holdings in shares of Viavi Solutions by 11.5% in 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 purchasing an additional 18,910 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Viavi Solutions by 110.5% during the first quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider's stock worth $377,000 after buying an additional 17,673 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Viavi Solutions by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider's stock worth $1,467,000 after buying an additional 5,775 shares during the period. Millennium Management LLC raised its stake in Viavi Solutions by 205.4% during the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider's stock worth $5,335,000 after buying an additional 320,662 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Viavi Solutions in the 1st quarter valued at about $165,000. Institutional investors own 95.54% of the company's stock.

Viavi Solutions Company Profile

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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