Viavi Solutions (NASDAQ:VIAV) Stock Price Up 7.9% – What’s Next?

Viavi Solutions Inc. (NASDAQ:VIAV) shares rose 7.9% during mid-day trading on Thursday . The company traded as high as $44.15 and last traded at $43.9310. 894,778 shares were traded during trading, a decline of 86% from the average session volume of 6,530,013 shares. The stock had previously closed at $40.70.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Susquehanna lifted their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research note on Wednesday, July 1st. B. Riley Financial increased their price objective on Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Rosenblatt Securities restated a “buy” rating and set a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday, June 10th. Finally, UBS Group upped their target price on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.88.

Viavi Solutions Stock Up 6.5%

The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of -180.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61. The business’s 50 day moving average is $49.23 and its 200 day moving average is $35.83.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $406.80 million for the quarter, compared to analyst estimates of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The business’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Sell-side analysts anticipate that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Kevin Christopher Siebert sold 8,255 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $54.02, for a total value of $445,935.10. Following the sale, the senior vice president owned 20,129 shares in the company, valued at $1,087,368.58. This represents a 29.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Doug Gilstrap sold 10,000 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total value of $550,000.00. Following the transaction, the director owned 55,766 shares of the company’s stock, valued at approximately $3,067,130. This represents a 15.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 450,369 shares of company stock worth $23,789,119. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viavi Solutions

Hedge funds have recently bought and sold shares of the business. Capital World Investors increased its position in shares of Viavi Solutions by 4.4% in the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock valued at $278,356,000 after buying an additional 664,956 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Viavi Solutions by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock valued at $86,875,000 after acquiring an additional 231,570 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Viavi Solutions by 0.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock worth $118,915,000 after acquiring an additional 33,463 shares in the last quarter. Geode Capital Management LLC raised its position in Viavi Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock worth $95,373,000 after acquiring an additional 20,776 shares during the period. Finally, Invesco Ltd. raised its position in Viavi Solutions by 116.0% during the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after acquiring an additional 2,045,702 shares during the period. Hedge funds and other institutional investors own 95.54% of the company’s stock.

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.