Viavi Solutions (NASDAQ:VIAV) Price Target Raised to $20.00

Viavi Solutions (NASDAQ:VIAV) had its price objective upped by Needham & Company LLC from $16.00 to $20.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the communications equipment provider’s stock.

A number of other equities analysts have also commented on VIAV. B. Riley upgraded shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday. Susquehanna upgraded shares of Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price target on the stock in a research report on Friday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Viavi Solutions in a research report on Wednesday, October 8th. UBS Group boosted their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $15.00 price target (up from $13.00) on shares of Viavi Solutions in a research report on Monday, October 13th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and an average price target of $16.11.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $17.70 on Thursday. The stock has a market cap of $3.94 billion, a P/E ratio of 252.86 and a beta of 0.90. Viavi Solutions has a twelve month low of $8.10 and a twelve 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 company’s 50-day simple moving average is $12.62 and its 200 day simple moving average is $10.84.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm 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 revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. As a group, research analysts forecast that Viavi Solutions will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at Viavi Solutions

In other news, SVP Kevin Christopher Siebert sold 13,115 shares of the company’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 transaction of $146,625.70. Following the transaction, the senior vice president directly owned 71,159 shares in the company, valued at approximately $795,557.62. This represents a 15.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Belluzzo sold 8,387 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $12.63, for a total transaction of $105,927.81. Following 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 73,789 shares of company stock worth $857,189. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Several large investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd lifted its holdings in Viavi Solutions by 6.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 248,221 shares of the communications equipment provider’s stock valued at $3,150,000 after buying an additional 15,412 shares during the period. Covestor Ltd lifted its holdings in Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after buying an additional 676 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Viavi Solutions by 24.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 33,850 shares of the communications equipment provider’s stock valued at $428,000 after buying an additional 6,568 shares during the period. Amalgamated Bank lifted its holdings in Viavi Solutions by 1.8% in the third quarter. Amalgamated Bank now owns 64,746 shares of the communications equipment provider’s stock valued at $822,000 after buying an additional 1,165 shares during the period. Finally, Oak Ridge Investments LLC acquired a new position in Viavi Solutions in the third quarter valued at approximately $3,855,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

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.