Viavi Solutions (NASDAQ:VIAV) Stock Price Up 5.1% on Analyst Upgrade

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) traded up 5.1% on Wednesday after Rosenblatt Securities raised their price target on the stock from $27.00 to $42.00. Rosenblatt Securities currently has a buy rating on the stock. Viavi Solutions traded as high as $32.40 and last traded at $32.4050. 1,717,599 shares traded hands during trading, a decline of 67% from the average session volume of 5,205,769 shares. The stock had previously closed at $30.84.

Several other brokerages have also weighed in on VIAV. Susquehanna lifted their price objective on Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Needham & Company LLC raised their target price on Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. B. Riley Financial raised their target price on Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Wall Street Zen downgraded shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Six 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 MarketBeat.com, Viavi Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Insider Activity at Viavi Solutions

In other news, Director Richard Belluzzo sold 15,775 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $26.85, for a total value of $423,558.75. Following the completion of the transaction, the director directly owned 211,850 shares of the company’s stock, valued at approximately $5,688,172.50. This represents a 6.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Kevin Christopher Siebert sold 7,264 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $34.78, for a total value of $252,641.92. Following the transaction, the senior vice president owned 28,384 shares of the company’s stock, valued at $987,195.52. This trade represents a 20.38% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 485,772 shares of company stock valued at $12,736,803. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. State of Wyoming bought a new position in shares of Viavi Solutions during the fourth quarter valued at $34,000. GAMMA Investing LLC grew its holdings in shares of Viavi Solutions by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 825 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Viavi Solutions during the 3rd quarter worth about $44,000. Covestor Ltd increased its position in shares of Viavi Solutions by 22.9% during the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 676 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Viavi Solutions by 32.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock valued at $47,000 after purchasing an additional 898 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Stock Up 5.2%

The stock has a market capitalization of $7.51 billion, a P/E ratio of -180.21 and a beta of 0.92. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46. The firm’s fifty day moving average is $25.54 and its 200-day moving average is $18.90.

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