Viavi Solutions (NASDAQ:VIAV) Price Target Raised to $19.00

Viavi Solutions (NASDAQ:VIAV) had its price target hoisted by Rosenblatt Securities from $15.00 to $19.00 in a research report released on Thursday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the communications equipment provider’s stock.

A number of other equities analysts also recently issued reports on VIAV. Needham & Company LLC raised their price objective on shares of Viavi Solutions from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday. B. Riley upgraded shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Viavi Solutions in a research note on Wednesday, October 8th. Morgan Stanley upgraded shares of Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 target price on the stock in a research note on Tuesday, September 2nd. Finally, UBS Group raised their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $16.11.

Viavi Solutions Stock Performance

VIAV opened at $17.70 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 252.86 and a beta of 0.90. 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.

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

Insider Activity

In other news, SVP Kevin Christopher Siebert sold 9,927 shares of Viavi Solutions stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $12.17, for a total transaction of $120,811.59. Following the sale, the senior vice president owned 84,598 shares in the company, valued at $1,029,557.66. This trade represents a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard Belluzzo sold 8,387 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $12.63, for a total transaction of $105,927.81. Following the sale, the director owned 217,154 shares in the company, valued at approximately $2,742,655.02. The trade was a 3.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 73,789 shares of company stock worth $857,189 over the last quarter. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

Several institutional investors and hedge funds have recently modified their holdings of VIAV. GAMMA Investing LLC raised 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 buying an additional 825 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new stake in Viavi Solutions in the second quarter worth $43,000. Covestor Ltd increased its position in Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 676 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Viavi Solutions by 32.0% in the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after purchasing an additional 898 shares during the last quarter. Finally, AlphaQuest LLC bought a new stake in Viavi Solutions in the first quarter worth $55,000. 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.