Wall Street Zen Downgrades Viavi Solutions (NASDAQ:VIAV) to Hold

Viavi Solutions (NASDAQ:VIAV) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts have also issued reports on VIAV. Susquehanna boosted their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Rosenblatt Securities set a $27.00 price objective on Viavi Solutions in a research report on Thursday, January 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Needham & Company LLC upped their target price on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, 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 note on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

Viavi Solutions Stock Down 10.1%

Viavi Solutions stock opened at $27.88 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.32 and a current ratio of 2.61. Viavi Solutions has a 52-week low of $8.10 and a 52-week high of $35.61. The firm has a 50 day moving average price of $23.57 and a two-hundred day moving average price of $17.87. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of -154.88 and a beta of 0.91.

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

Insiders Place Their Bets

In other Viavi Solutions news, CEO Oleg Khaykin sold 42,767 shares of Viavi Solutions stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $27.50, for a total value of $1,176,092.50. Following the completion of the sale, the chief executive officer directly owned 1,592,854 shares of the company’s stock, valued at approximately $43,803,485. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kevin Christopher Siebert sold 7,264 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $34.78, for a total transaction of $252,641.92. Following the transaction, the senior vice president owned 28,384 shares in the company, valued at $987,195.52. This represents a 20.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 492,540 shares of company stock valued at $12,863,770. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Viavi Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Wyoming bought a new position in Viavi Solutions in the fourth quarter worth approximately $34,000. GAMMA Investing LLC increased its holdings in shares of Viavi Solutions by 33.6% during the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock valued at $42,000 after acquiring an additional 825 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Viavi Solutions during the third quarter worth approximately $44,000. Covestor Ltd raised 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 worth $46,000 after purchasing an additional 676 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings 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 purchasing an additional 898 shares in the last quarter. 95.54% of the stock is owned by institutional investors.

About Viavi Solutions

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.