Viavi Solutions (NASDAQ:VIAV) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Viavi Solutions (NASDAQ:VIAV – Free Report) from a buy rating to a strong-buy rating in a research report report published on Saturday.

A number of other equities analysts have also recently issued reports on VIAV. Weiss Ratings cut shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Needham & Company LLC lowered their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Stifel Nicolaus raised their price objective on shares of Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. B. Riley Financial cut their price objective on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Viavi Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.88.

Read Our Latest Research Report on Viavi Solutions

Viavi Solutions Trading Up 6.2%

Shares of VIAV stock opened at $46.26 on Friday. Viavi Solutions has a fifty-two week low of $10.44 and a fifty-two week high of $60.43. The stock has a market cap of $10.82 billion, a P/E ratio of -308.38 and a beta of 1.22. The business has a fifty day simple moving average of $43.18 and a 200-day simple moving average of $40.05. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27.

Viavi Solutions (NASDAQ:VIAV – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The business had revenue of $443.10 million during the quarter, compared to the consensus estimate of $432.62 million. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue 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, analysts forecast that Viavi Solutions will post 1.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Viavi Solutions news, EVP Paul Mcnab sold 1,595 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the transaction, the executive vice president directly owned 13,876 shares in the company, valued at approximately $518,546.12. This represents a 10.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VIAV. Jefferies Financial Group Inc. acquired a new position in shares of Viavi Solutions during the 4th quarter valued at about $1,803,000. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Viavi Solutions in the fourth quarter worth approximately $1,887,000. Tensor Edge Capital LLC acquired a new stake in shares of Viavi Solutions in the fourth quarter worth approximately $2,673,000. Intech Investment Management LLC increased its position in Viavi Solutions by 29.1% during the fourth quarter. Intech Investment Management LLC now owns 109,258 shares of the communications equipment provider’s stock worth $1,947,000 after purchasing an additional 24,638 shares during the last quarter. Finally, Granahan Investment Management LLC acquired a new position in Viavi Solutions during the first quarter worth approximately $3,187,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

About Viavi Solutions

(Get Free Report)

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.

Read More