Viavi Solutions (NASDAQ:VIAV) Downgraded by Zacks Research to Hold

Zacks Research cut shares of Viavi Solutions (NASDAQ:VIAV) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks reports.

VIAV has been the subject of a number of other research reports. Wall Street Zen lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. B. Riley Financial cut their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. UBS Group cut their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Stifel Nicolaus set a $65.00 target price on Viavi Solutions in a research note on Wednesday, September 23rd. Finally, Weiss Ratings downgraded shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 8th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.43.

Viavi Solutions Stock Performance

Viavi Solutions stock opened at $41.28 on Monday. Viavi Solutions has a 12-month low of $12.43 and a 12-month high of $60.43. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of -275.18 and a beta of 1.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. The firm’s fifty day moving average price is $39.37 and its 200 day moving average price is $42.94.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same period in the prior year, the company posted $0.13 EPS. The firm’s revenue for the quarter was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, research analysts forecast that Viavi Solutions will post 1.42 EPS for the current fiscal year.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 35,866 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $36.24, for a total transaction of $1,299,783.84. Following the transaction, the senior vice president owned 39,598 shares of the company’s stock, valued at $1,435,031.52. This trade represents a 47.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul McNab sold 11,032 shares of Viavi Solutions stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $38.97, for a total value of $429,917.04. Following the completion of the transaction, the executive vice president owned 25,639 shares of the company’s stock, valued at approximately $999,151.83. The trade was a 30.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 199,694 shares of company stock valued at $7,976,233 in the last three months. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

Several institutional investors and hedge funds have recently made changes to their positions in VIAV. GTS Securities LLC raised its stake in shares of Viavi Solutions by 4.5% during the 2nd quarter. GTS Securities LLC now owns 6,511 shares of the communications equipment provider’s stock worth $311,000 after purchasing an additional 283 shares in the last quarter. WPG Advisers LLC lifted its holdings in shares of Viavi Solutions by 96.2% during the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 380 shares during the last quarter. Carolina Wealth Advisors LLC grew its stake in shares of Viavi Solutions by 83.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after buying an additional 387 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Viavi Solutions by 10.0% in the 3rd quarter. GAMMA Investing LLC now owns 6,706 shares of the communications equipment provider’s stock valued at $281,000 after buying an additional 611 shares in the last quarter. Finally, Silvant Capital Management LLC acquired a new position in Viavi Solutions in the second quarter worth approximately $33,000. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Company Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks, optical systems, and related industrial applications. Its solutions are used by network equipment manufacturers, communications service providers, contractors, and government organizations to install, validate, monitor, and maintain wired and wireless networks.

The company’s offerings include instruments and software for fiber-optic testing, network performance monitoring, service activation, troubleshooting, and assurance.