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

Key Points

• Viavi Solutions shares hit a new 52-week high of $13.00 during trading, marking an increase from a previous close of $12.78.
• Analysts have raised their price targets for Viavi Solutions, with a consensus target of $13.72 and six analysts rating it as a "Buy."
• The company reported a 15.3% year-over-year increase in revenue, achieving $290.5 million for the quarter and beating earnings expectations.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.00 and last traded at $13.02, with a volume of 4848 shares traded. The stock had previously closed at $12.78.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. B. Riley raised their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Morgan Stanley upgraded shares of Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price target for the company in a report on Tuesday, September 2nd. Weiss Ratings reissued a "hold (c-)" rating on shares of Viavi Solutions in a research report on Wednesday, October 8th. Finally, Susquehanna raised shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 target price on the stock in a research report on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $13.72.

Viavi Solutions Stock Up 1.9%

The company has a market capitalization of $2.90 billion, a P/E ratio of 81.41 and a beta of 0.90. The stock has a 50-day moving average price of $11.74 and a 200-day moving average price of $10.49. 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 announced its earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $285.19 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. Viavi Solutions's quarterly 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. On average, research analysts predict that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling 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 stock was 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 in the company, valued at $2,742,655.02. The trade was 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 through this link. Also, SVP Kevin Christopher Siebert sold 13,115 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $11.18, for a total value of $146,625.70. Following the sale, the senior vice president owned 71,159 shares of the company's stock, valued at approximately $795,557.62. This trade represents a 15.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,789 shares of company stock worth $857,189. 1.80% of the stock is owned by insiders.

Institutional Trading of Viavi Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in shares of Viavi Solutions by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider's stock valued at $42,000 after buying an additional 825 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Viavi Solutions by 29.1% during the 1st 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 in the last quarter. White Pine Capital LLC boosted its holdings in shares of Viavi Solutions by 1.6% during the 2nd quarter. White Pine Capital LLC now owns 76,929 shares of the communications equipment provider's stock worth $775,000 after purchasing an additional 1,215 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Viavi Solutions by 0.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 261,801 shares of the communications equipment provider's stock worth $2,636,000 after purchasing an additional 1,302 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of Viavi Solutions by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 205,931 shares of the communications equipment provider's stock worth $2,074,000 after purchasing an additional 1,537 shares during the last quarter. Institutional investors own 95.54% of the company's stock.

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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