Viavi Solutions (VIAV) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Viavi Solutions (NASDAQ: VIAV) in the last few weeks:

• 4/12/2024 – Viavi Solutions was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/4/2024 – Viavi Solutions was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 4/3/2024 – Viavi Solutions had its price target lowered by analysts at Rosenblatt Securities from $15.00 to $13.00. They now have a “buy” rating on the stock.
• 4/1/2024 – Viavi Solutions had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 4/1/2024 – Viavi Solutions had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $13.00 price target on the stock.
• 3/15/2024 – Viavi Solutions was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 3/7/2024 – Viavi Solutions had its price target raised by analysts at Susquehanna from $12.00 to $14.00. They now have a “positive” rating on the stock.
• 3/7/2024 – Viavi Solutions was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/6/2024 – Viavi Solutions had its price target raised by analysts at Northland Securities from $12.00 to $17.00. They now have an “outperform” rating on the stock.
• 3/6/2024 – Viavi Solutions had its price target raised by analysts at Morgan Stanley from $9.00 to $11.00. They now have an “equal weight” rating on the stock.
• 3/6/2024 – Viavi Solutions had its price target raised by analysts at Rosenblatt Securities from $13.00 to $15.00. They now have a “buy” rating on the stock.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $8.17 on Thursday. The company has a fifty day simple moving average of $9.48 and a two-hundred day simple moving average of $9.07. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 408.50 and a beta of 0.95. The company has a quick ratio of 2.72, a current ratio of 3.09 and a debt-to-equity ratio of 0.87. Viavi Solutions Inc. has a 52 week low of $7.26 and a 52 week high of $11.65.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $254.50 million during the quarter, compared to the consensus estimate of $249.77 million. Viavi Solutions had a net margin of 0.49% and a return on equity of 5.38%. As a group, equities analysts anticipate that Viavi Solutions Inc. will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Paul Mcnab sold 15,004 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the transaction, the executive vice president now owns 57,940 shares in the company, valued at $615,322.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 13,967 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the transaction, the senior vice president now owns 47,097 shares in the company, valued at $503,937.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Mcnab sold 15,004 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the transaction, the executive vice president now owns 57,940 shares of the company’s stock, valued at approximately $615,322.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,093 shares of company stock worth $319,841. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Viavi Solutions by 1.5% in the third quarter. Vanguard Group Inc. now owns 28,288,576 shares of the communications equipment provider’s stock valued at $258,558,000 after acquiring an additional 424,564 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Viavi Solutions by 399.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,044,366 shares of the communications equipment provider’s stock valued at $10,517,000 after acquiring an additional 835,248 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in Viavi Solutions in the third quarter valued at $3,067,000. GSA Capital Partners LLP purchased a new stake in shares of Viavi Solutions in the third quarter valued at about $673,000. Finally, Wellington Management Group LLP boosted its stake in shares of Viavi Solutions by 9.0% during the third quarter. Wellington Management Group LLP now owns 15,925,361 shares of the communications equipment provider’s stock worth $145,558,000 after buying an additional 1,321,599 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.