Rosenblatt Securities Boosts Viavi Solutions (NASDAQ:VIAV) Price Target to $42.00

Viavi Solutions (NASDAQ:VIAV) had its price target increased by equities research analysts at Rosenblatt Securities from $27.00 to $42.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Rosenblatt Securities’ price objective would suggest a potential upside of 36.19% from the stock’s previous close.

A number of other equities analysts have also recently commented on VIAV. Stifel Nicolaus boosted their price target on Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. B. Riley Financial lifted their target price on Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Wall Street Zen downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Needham & Company LLC increased their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock opened at $30.84 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46. The company has a market cap of $7.14 billion, a PE ratio of -171.32 and a beta of 0.92. The company has a 50 day moving average of $25.27 and a 200-day moving average of $18.81. Viavi Solutions has a 1-year low of $8.10 and a 1-year high of $35.61.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $369.30 million during the quarter, compared to the consensus estimate of $365.25 million. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The company’s revenue was up 36.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, equities research analysts forecast that Viavi Solutions will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Gary W. Staley sold 24,237 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $23.93, for a total value of $579,991.41. Following the completion of the transaction, the senior vice president directly owned 136,267 shares in the company, valued at approximately $3,260,869.31. This represents a 15.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Oleg Khaykin sold 74,315 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $26.48, for a total value of $1,967,861.20. Following the sale, the chief executive officer directly owned 1,849,437 shares in the company, valued at approximately $48,973,091.76. This trade represents a 3.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 485,772 shares of company stock valued at $12,736,803 over the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Knights of Columbus Asset Advisors LLC lifted its holdings in Viavi Solutions by 39.7% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 224,014 shares of the communications equipment provider’s stock valued at $2,843,000 after buying an additional 63,605 shares during the period. Fisher Asset Management LLC grew its holdings in Viavi Solutions by 14.2% during the 3rd quarter. Fisher Asset Management LLC now owns 469,354 shares of the communications equipment provider’s stock worth $5,956,000 after acquiring an additional 58,364 shares during the period. Cookson Peirce & Co. Inc. acquired a new stake in Viavi Solutions during the 3rd quarter worth about $1,187,000. Oak Ridge Investments LLC bought a new position in shares of Viavi Solutions in the 3rd quarter worth about $3,855,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Viavi Solutions by 29.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 974,906 shares of the communications equipment provider’s stock worth $12,372,000 after acquiring an additional 221,949 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

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.