Viavi Solutions (NASDAQ:VIAV) Price Target Raised to $17.00

Viavi Solutions (NASDAQ:VIAV) had its price target boosted by UBS Group from $12.00 to $17.00 in a report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the communications equipment provider’s stock.

VIAV has been the subject of several other research reports. Susquehanna raised shares of Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price objective for the company in a research note on Friday, August 8th. Rosenblatt Securities boosted their price objective on shares of Viavi Solutions from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday. B. Riley raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday. Needham & Company LLC boosted their price objective on shares of Viavi Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $15.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research note on Monday, October 13th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.11.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $17.70 on Thursday. The company’s 50 day moving average is $12.62 and its 200-day moving average is $10.84. Viavi Solutions has a 12-month low of $8.10 and a 12-month high of $17.91. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. The firm has a market cap of $3.94 billion, a P/E ratio of 252.86 and a beta of 0.90.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $299.10 million for the quarter, compared to analyst estimates of $294.35 million. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.68%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. Sell-side analysts predict that Viavi Solutions will post 0.26 earnings per share for the current year.

Insiders Place Their Bets

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 11,873 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $11.18, for a total value of $132,740.14. Following the completion of the transaction, the senior vice president owned 66,836 shares of the company’s stock, valued at $747,226.48. The trade was a 15.08% decrease in their position. The transaction 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 business’s stock in a transaction that occurred 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 directly owned 71,159 shares of the company’s stock, valued at approximately $795,557.62. This represents a 15.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 73,789 shares of company stock valued at $857,189 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

A number of institutional investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd boosted its stake in shares of Viavi Solutions by 6.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 248,221 shares of the communications equipment provider’s stock valued at $3,150,000 after purchasing an additional 15,412 shares in the last quarter. Covestor Ltd boosted its stake in shares of Viavi Solutions by 22.9% in the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 676 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Viavi Solutions by 24.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 33,850 shares of the communications equipment provider’s stock valued at $428,000 after purchasing an additional 6,568 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Viavi Solutions by 1.8% in the 3rd quarter. Amalgamated Bank now owns 64,746 shares of the communications equipment provider’s stock valued at $822,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Oak Ridge Investments LLC purchased a new stake in shares of Viavi Solutions in the 3rd quarter valued at $3,855,000. Hedge funds and other 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.