Viavi Solutions (NASDAQ:VIAV) Receives “Buy” Rating from Rosenblatt Securities

Viavi Solutions (NASDAQ:VIAV)‘s stock had its “buy” rating reiterated by equities researchers at Rosenblatt Securities in a report released on Wednesday,Benzinga reports. They presently have a $70.00 price objective on the communications equipment provider’s stock. Rosenblatt Securities’ target price points to a potential upside of 50.76% from the company’s current price.

Other research analysts have also issued research reports about the company. Susquehanna boosted their price target on Viavi Solutions from $25.00 to $65.00 and gave the stock a “positive” rating in a research report on Thursday, April 30th. UBS Group boosted their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Needham & Company LLC lifted their target price on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings upgraded Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, B. Riley Financial raised their price target on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.75.

Viavi Solutions Stock Down 4.8%

Viavi Solutions stock opened at $46.43 on Wednesday. The stock’s 50 day moving average price is $46.36 and its 200 day moving average price is $31.43. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39. The company has a market cap of $10.86 billion, a PE ratio of -193.45 and a beta of 1.18. Viavi Solutions has a 1-year low of $9.08 and a 1-year high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The business had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $393.80 million. During the same period last year, the company posted $0.15 EPS. The company’s revenue was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, sell-side analysts predict that Viavi Solutions will post 0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Luke M. Scrivanich sold 10,693 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the completion of the sale, the senior vice president owned 39,287 shares in the company, valued at approximately $2,082,211. This trade represents a 21.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Oleg Khaykin sold 136,547 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $51.82, for a total value of $7,075,865.54. Following the completion of the sale, the chief executive officer owned 1,188,798 shares of the company’s stock, valued at $61,603,512.36. This trade represents a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 450,369 shares of company stock worth $23,789,119 over the last three months. Insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. WPG Advisers LLC grew its stake in shares of Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 380 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new position in shares of Viavi Solutions in the first quarter worth approximately $50,000. State of Wyoming bought a new stake in shares of Viavi Solutions in the 4th quarter valued at $34,000. Hantz Financial Services Inc. boosted its position in Viavi Solutions by 86.2% during the fourth quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after acquiring an additional 1,317 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Viavi Solutions during the third quarter worth approximately $44,000. 95.54% of the stock is currently owned by 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.