Viavi Solutions (NASDAQ:VIAV) Price Target Raised to $22.00 at B. Riley

Viavi Solutions (NASDAQ:VIAV) had its price objective raised by B. Riley from $18.00 to $22.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the communications equipment provider’s stock.

Several other research analysts have also recently weighed in on VIAV. Stifel Nicolaus boosted their target price on Viavi Solutions from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Needham & Company LLC lifted their price objective on Viavi Solutions from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Argus raised their target price on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, UBS Group lifted their price target on Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Viavi Solutions has an average rating of “Moderate Buy” and a consensus target price of $17.89.

Viavi Solutions Stock Up 6.0%

NASDAQ VIAV opened at $19.92 on Monday. The business has a fifty day moving average price of $18.00 and a 200 day moving average price of $14.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.74 and a current ratio of 1.99. The company has a market cap of $4.45 billion, a P/E ratio of 284.57 and a beta of 0.94. Viavi Solutions has a one year low of $8.10 and a one year high of $20.27.

Viavi Solutions (NASDAQ:VIAV) last issued its 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 business had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $294.35 million. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.70%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. Research analysts anticipate that Viavi Solutions will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard John Burns sold 3,384 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $18.76, for a total value of $63,483.84. Following the transaction, the director owned 3,384 shares of the company’s stock, valued at $63,483.84. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eugenia Corrales sold 3,384 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $18.76, for a total value of $63,483.84. Following the sale, the director directly owned 3,384 shares of the company’s stock, valued at $63,483.84. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 606,226 shares of company stock valued at $10,714,820. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viavi Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in Viavi Solutions by 431.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after buying an additional 5,389,435 shares in the last quarter. Aberdeen Group plc purchased a new stake in shares of Viavi Solutions during the third quarter worth $20,110,000. Schroder Investment Management Group raised its stake in shares of Viavi Solutions by 16.6% in the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock valued at $82,709,000 after acquiring an additional 1,166,547 shares in the last quarter. Tributary Capital Management LLC boosted its holdings in Viavi Solutions by 92.9% in the third quarter. Tributary Capital Management LLC now owns 2,207,642 shares of the communications equipment provider’s stock valued at $28,015,000 after purchasing an additional 1,063,330 shares during the period. Finally, Millennium Management LLC grew its stake in Viavi Solutions by 772.9% during the 3rd quarter. Millennium Management LLC now owns 1,163,336 shares of the communications equipment provider’s stock worth $14,763,000 after purchasing an additional 1,030,071 shares in the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Company Profile

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.