Viavi Solutions (NASDAQ:VIAV) Given New $42.00 Price Target at Rosenblatt Securities

Viavi Solutions (NASDAQ:VIAV) had its price target upped by Rosenblatt Securities from $27.00 to $42.00 in a research report released on Wednesday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the communications equipment provider’s stock.

A number of other equities analysts have also recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. B. Riley Financial raised their price objective on shares of Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Stifel Nicolaus lifted their price objective on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Needham & Company LLC upped their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen cut Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $32.44 on Wednesday. The business’s 50-day moving average price is $25.54 and its two-hundred day moving average price is $18.90. Viavi Solutions has a twelve month low of $8.10 and a twelve month high of $35.61. The stock has a market cap of $7.51 billion, a P/E ratio of -180.21 and a beta of 0.92. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $369.30 million during the quarter, compared to the consensus estimate of $365.25 million. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The company’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, equities analysts predict that Viavi Solutions will post 0.26 EPS for the current fiscal year.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, CEO Oleg Khaykin sold 74,315 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $26.48, for a total value of $1,967,861.20. Following the sale, the chief executive officer owned 1,849,437 shares of the company’s stock, valued at $48,973,091.76. This trade represents a 3.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Gary W. Staley sold 24,237 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $23.93, for a total transaction of $579,991.41. Following the completion of the transaction, the senior vice president owned 136,267 shares in the company, valued at $3,260,869.31. The trade was a 15.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 485,772 shares of company stock worth $12,736,803 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

A number of institutional investors have recently modified their holdings of VIAV. State of Wyoming bought a new stake in shares of Viavi Solutions in the fourth quarter worth about $34,000. GAMMA Investing LLC raised its position 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. purchased a new stake in Viavi Solutions in the 3rd quarter worth approximately $44,000. Covestor Ltd lifted its holdings in Viavi Solutions by 22.9% in the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after buying an additional 676 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Viavi Solutions by 32.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after buying an additional 898 shares during 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.