Viavi Solutions (NASDAQ:VIAV) Sets New 12-Month High - Here's Why

Key Points

• Viavi Solutions shares reached a new 52-week high, trading as high as $12.91, driven by several analyst upgrades and a positive earnings report.
• The company's Q2 earnings surpassed expectations with a reported EPS of $0.13, reflecting a 15.3% revenue increase year-over-year, totaling $290.50 million.
• Research analysts currently show a consensus rating of "Moderate Buy" for Viavi Solutions, with an average target price set at $13.50.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $12.91 and last traded at $12.79, with a volume of 2146951 shares trading hands. The stock had previously closed at $12.69.

Analyst Upgrades and Downgrades

VIAV has been the subject of several research reports. Morgan Stanley raised Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 target price for the company in a research note on Tuesday, September 2nd. UBS Group lifted their price objective on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. B. Riley upped their target price 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. Rosenblatt Securities reaffirmed a "buy" rating and issued a $13.50 target price on shares of Viavi Solutions in a research note on Friday, June 20th. Finally, Susquehanna raised shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target for the company in a research note on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Viavi Solutions has a consensus rating of "Moderate Buy" and an average target price of $13.50.

Viavi Solutions Stock Up 0.8%

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 79.94 and a beta of 0.91. The firm has a 50 day simple moving average of $11.23 and a two-hundred day simple moving average of $10.41.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, beating 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 company had revenue of $290.50 million during the quarter, compared to analysts' expectations of $285.19 million. During the same period in the prior year, the business posted $0.08 EPS. Viavi Solutions'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 expect that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Insider Transactions at Viavi Solutions

In other news, Director Richard Belluzzo sold 8,387 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $12.63, for a total value of $105,927.81. Following the completion of the transaction, the director owned 217,154 shares of the company's stock, valued at $2,742,655.02. The trade was a 3.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the senior vice president directly owned 71,159 shares in the company, valued at $795,557.62. The trade was a 15.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,789 shares of company stock valued at $857,189 over the last three months. 1.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Viavi Solutions

Large investors have recently bought and sold shares of the business. Family Legacy Financial Solutions LLC bought a new position in Viavi Solutions in the second quarter valued at approximately $43,000. USA Financial Formulas acquired a new stake in shares of Viavi Solutions during the first quarter worth $53,000. AlphaQuest LLC bought a new stake in Viavi Solutions in the 1st quarter valued at $55,000. First Horizon Advisors Inc. boosted its stake in 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 purchasing an additional 1,138 shares during the period. Finally, Quarry LP increased its holdings in Viavi Solutions by 481.2% during the 1st quarter. Quarry LP now owns 9,450 shares of the communications equipment provider's stock worth $106,000 after purchasing an additional 7,824 shares in the last quarter. 95.54% of the stock is owned by institutional investors.

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.

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