Viavi Solutions (NASDAQ:VIAV) Trading 6.8% Higher After Analyst Upgrade

Viavi Solutions Inc. (NASDAQ:VIAV) shares traded up 6.8% on Monday after B. Riley raised their price target on the stock from $18.00 to $22.00. B. Riley currently has a buy rating on the stock. Viavi Solutions traded as high as $20.06 and last traded at $20.06. 2,263,545 shares changed hands during trading, a decline of 37% from the average session volume of 3,601,513 shares. The stock had previously closed at $18.79.

A number of other analysts have also recently commented on VIAV. Rosenblatt Securities upped their price target on shares of Viavi Solutions from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. UBS Group boosted their price objective on Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. 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. Stifel Nicolaus lifted 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. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.89.

Insider Activity

In other news, EVP Ilan Daskal sold 170,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $17.49, for a total transaction of $2,973,300.00. Following the transaction, the executive vice president directly owned 10,132 shares of the company’s stock, valued at $177,208.68. This represents a 94.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Oleg Khaykin sold 68,810 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $17.77, for a total value of $1,222,753.70. Following the completion of the transaction, the chief executive officer owned 1,956,195 shares in the company, valued at approximately $34,761,585.15. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 606,226 shares of company stock valued at $10,714,820. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Viavi Solutions by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock valued at $42,000 after purchasing an additional 825 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Viavi Solutions in the third quarter valued at approximately $44,000. Covestor Ltd boosted its position in shares of Viavi Solutions by 22.9% during 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 last quarter. Nisa Investment Advisors LLC boosted its position in shares of Viavi Solutions by 32.0% during the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock valued at $47,000 after buying an additional 898 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in Viavi Solutions during the second quarter worth $109,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Price Performance

The company has a current ratio of 1.99, a quick ratio of 1.74 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average of $18.00 and a 200 day moving average of $14.40. The firm has a market capitalization of $4.45 billion, a PE ratio of 284.57 and a beta of 0.94.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.70%. The firm had revenue of $299.10 million during the quarter, compared to analyst estimates of $294.35 million. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s revenue was up 25.6% compared to the same quarter last year. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. As a group, research analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

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.