Viavi Solutions (NASDAQ:VIAV) Stock Rating Lowered by Zacks Research

Viavi Solutions (NASDAQ:VIAV) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

A number of other research firms also recently commented on VIAV. Needham & Company LLC cut their target price 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. Wall Street Zen lowered shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a research report on Wednesday, September 23rd. Stifel Nicolaus set a $65.00 price objective on shares of Viavi Solutions in a research note on Wednesday, September 23rd. Finally, UBS Group cut their price objective on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and an average price target of $55.43.

Viavi Solutions Price Performance

VIAV 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 current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $39.37 and its 200-day simple moving average is $42.94. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of -275.18 and a beta of 1.21.

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

Insider Buying and Selling

In other Viavi Solutions news, EVP Paul McNab sold 11,032 shares of Viavi Solutions stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $38.97, for a total value of $429,917.04. Following the transaction, the executive vice president owned 25,639 shares in the company, valued at $999,151.83. The trade was a 30.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laura A. Black sold 71,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the transaction, the director owned 71,497 shares of the company’s stock, valued at $3,297,441.64. This represents a 49.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 199,694 shares of company stock valued at $7,976,233. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Viavi Solutions

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Viavi Solutions during the second quarter worth $1,228,529,000. Bank of America Corp DE purchased a new position in Viavi Solutions in the second quarter valued at $134,922,000. Allspring Global Investments Holdings LLC purchased a new position in Viavi Solutions in the first quarter valued at $75,294,000. Bank of New York Mellon Corp acquired a new position in shares of Viavi Solutions in the second quarter worth about $87,914,000. Finally, Jennison Associates LLC acquired a new position in shares of Viavi Solutions in the first quarter worth about $22,779,000. 95.54% of the stock is currently owned by institutional investors.

About Viavi Solutions

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.