Viavi Solutions (NASDAQ:VIAV) Sets New 52-Week High - Here's What Happened

Key Points

• Viavi Solutions Inc. reached a new 52-week high of $13.49, closing at $13.43 with over 954,307 shares traded.
• Analysts maintain a consensus rating of "Moderate Buy" on Viavi Solutions, with a price target averaging $13.72 for the stock.
• Viavi Solutions reported a 15.3% year-over-year increase in quarterly revenue, totaling $290.50 million, beating analyst estimates.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $13.49 and last traded at $13.43, with a volume of 954307 shares trading hands. The stock had previously closed at $13.23.

Wall Street Analysts Forecast Growth

VIAV has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Viavi Solutions in a research note on Wednesday, October 8th. Morgan Stanley raised shares of Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price objective on the stock in a research note on Tuesday, September 2nd. B. Riley boosted 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. UBS Group boosted 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. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $15.00 target price (up previously from $13.00) on shares of Viavi Solutions in a research report on Monday, October 13th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $13.72.

Viavi Solutions Price Performance

The stock has a market capitalization of $2.98 billion, a P/E ratio of 83.54 and a beta of 0.90. The business's 50 day simple moving average is $12.05 and its two-hundred day simple moving average is $10.59. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51.

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. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. The firm had revenue of $290.50 million for the quarter, compared to analyst estimates of $285.19 million. During the same period last year, the firm earned $0.08 earnings per share. The business's quarterly revenue was up 15.3% compared to the same quarter last year. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, sell-side analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity at Viavi Solutions

In related news, Director Richard Belluzzo sold 8,387 shares of the firm's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $12.63, for a total transaction of $105,927.81. Following the transaction, the director directly owned 217,154 shares of the company's stock, valued at $2,742,655.02. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Luke M. Scrivanich sold 11,873 shares of the firm'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 $132,740.14. Following the transaction, the senior vice president directly owned 66,836 shares in the company, valued at $747,226.48. The trade was a 15.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,789 shares of company stock valued at $857,189 over the last ninety days. Corporate insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Viavi Solutions by 33.6% during the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider's stock valued at $42,000 after purchasing an additional 825 shares in the last quarter. Family Legacy Financial Solutions LLC purchased a new stake in Viavi Solutions during the second quarter worth about $43,000. AlphaQuest LLC purchased a new stake in Viavi Solutions during the first quarter worth about $55,000. First Horizon Advisors Inc. increased its holdings in Viavi Solutions by 29.1% during the first 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 increased its holdings in Viavi Solutions by 481.2% during the first 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. 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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