Morgan Stanley Upgrades Viavi Solutions (NASDAQ:VIAV) to "Equal Weight"

Key Points

• Viavi Solutions has been upgraded from an "underweight" to an "equal weight" rating by Morgan Stanley, with a price target set at $11.00, indicating a potential downside of 3.98% from its current price.
• Other research firms, including Susquehanna and B. Riley, have also raised their ratings on Viavi Solutions, with price targets reaching up to $15.00 and an average rating of "Moderate Buy."
• Viavi Solutions reported earnings of $0.13 per share for the quarter, exceeding estimates, and its revenue grew by 15.3% compared to the previous year, with a forecast of $0.26 EPS for the current fiscal year.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating in a note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has a $11.00 price target on the communications equipment provider's stock. Morgan Stanley's price target would suggest a potential downside of 5.66% from the company's current price.

Other equities analysts also recently issued research reports about the company. B. Riley increased their price target on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Rosenblatt Securities reiterated a "buy" rating and set a $13.50 price target on shares of Viavi Solutions in a report on Friday, June 20th. Wall Street Zen upgraded Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Susquehanna upgraded 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. Finally, UBS Group increased their price target on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Viavi Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.

Viavi Solutions Stock Down 0.6%

NASDAQ:VIAV traded down $0.07 during mid-day trading on Tuesday, reaching $11.66. The stock had a trading volume of 2,156,893 shares, compared to its average volume of 4,152,768. The business's 50 day moving average is $10.57 and its 200 day moving average is $10.28. Viavi Solutions has a fifty-two week low of $7.80 and a fifty-two week high of $12.91. The stock has a market cap of $2.60 billion, a P/E ratio of 72.88 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The firm had revenue of $290.50 million for the quarter, compared to the consensus estimate of $285.19 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The firm's revenue was up 15.3% on a year-over-year basis. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, sell-side analysts predict that Viavi Solutions will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Kevin Christopher Siebert sold 13,115 shares of the firm's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $11.18, for a total value of $146,625.70. Following the completion of the transaction, the senior vice president directly owned 71,159 shares of the company's stock, valued at $795,557.62. This trade represents a 15.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Belluzzo sold 8,385 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $11.34, for a total value of $95,085.90. Following the completion of the transaction, the director directly owned 225,541 shares of the company's stock, valued at approximately $2,557,634.94. This trade represents a 3.58% 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 ninety days. 1.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Viavi Solutions

Hedge funds have recently made changes to their positions in the company. Marex Group plc bought a new position in Viavi Solutions during the 2nd quarter valued at about $191,000. Public Sector Pension Investment Board lifted its holdings in Viavi Solutions by 8.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 761,012 shares of the communications equipment provider's stock valued at $7,663,000 after purchasing an additional 56,596 shares during the last quarter. Headlands Technologies LLC bought a new position in Viavi Solutions during the 2nd quarter valued at about $148,000. CANADA LIFE ASSURANCE Co lifted its holdings in Viavi Solutions by 1.6% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 232,229 shares of the communications equipment provider's stock valued at $2,340,000 after purchasing an additional 3,763 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Viavi Solutions by 790.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 50,083 shares of the communications equipment provider's stock valued at $504,000 after purchasing an additional 44,457 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company's stock.

Viavi Solutions Company Profile

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.