Weiss Ratings Reaffirms "Hold (C-)" Rating for Viavi Solutions (NASDAQ:VIAV)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for Viavi Solutions, indicating a cautious outlook for the company's stock performance.
• Various analysts have issued price target adjustments, with B. Riley and UBS Group both raising their targets to $12.00 and Rosenblatt Securities setting a target of $13.50 for a "Buy" rating.
• Viavi Solutions' shares are currently trading around $12.82, reflecting a slight increase of 1.3%, and the company reported a quarterly revenue of $290.50 million, surpassing analysts' expectations.

Viavi Solutions (NASDAQ:VIAV - Get Free Report)'s stock had its "hold (c-)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the company. B. Riley boosted their price objective on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. UBS Group increased their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $13.50 price target on shares of Viavi Solutions in a research report on Friday, June 20th. Morgan Stanley upgraded Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price objective on the stock in a report on Tuesday, September 2nd. Finally, Susquehanna upgraded Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price objective on the stock in a report on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.50.

Viavi Solutions Stock Up 1.3%

Shares of VIAV traded up $0.17 during midday trading on Wednesday, reaching $12.82. 2,006,876 shares of the stock were exchanged, compared to its average volume of 2,347,754. Viavi Solutions has a 52 week low of $8.10 and a 52 week high of $12.99. The company's 50 day moving average is $11.53 and its two-hundred day moving average is $10.47. The company has a market capitalization of $2.85 billion, a P/E ratio of 46.85 and a beta of 0.90. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released 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. The company had revenue of $290.50 million during the quarter, compared to analysts' expectations of $285.19 million. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The firm's revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, sell-side analysts anticipate that Viavi Solutions will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In other Viavi Solutions 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 transaction of $146,625.70. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard Belluzzo sold 8,387 shares of the firm'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 transaction, the director directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,789 shares of company stock valued at $857,189. 1.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Viavi Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in VIAV. Sheets Smith Investment Management purchased a new stake in Viavi Solutions during the third quarter valued at about $658,000. Assenagon Asset Management S.A. grew its position in Viavi Solutions by 29.5% during the third quarter. Assenagon Asset Management S.A. now owns 974,906 shares of the communications equipment provider's stock valued at $12,372,000 after acquiring an additional 221,949 shares during the period. Sanders Morris Harris LLC purchased a new stake in Viavi Solutions during the third quarter valued at about $159,000. GAMMA Investing LLC grew its position in 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 acquiring an additional 825 shares during the period. Finally, Marex Group plc purchased a new stake in Viavi Solutions during the second quarter valued at about $191,000. Hedge funds and other institutional investors 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.

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