Viavi Solutions (NASDAQ:VIAV) Given New $60.00 Price Target at B. Riley Financial

Viavi Solutions (NASDAQ:VIAV) had its target price reduced by stock analysts at B. Riley Financial from $63.00 to $60.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. B. Riley Financial’s price target would suggest a potential upside of 46.59% from the stock’s previous close.

Other equities analysts have also issued reports about the company. UBS Group boosted their price target on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded shares of Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 16th. Rosenblatt Securities reissued a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a research note on Thursday. Finally, Needham & Company LLC decreased their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Viavi Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Viavi Solutions Trading Up 5.2%

NASDAQ VIAV traded up $2.03 on Thursday, hitting $40.93. The company’s stock had a trading volume of 1,333,993 shares, compared to its average volume of 6,310,314. The company’s 50-day moving average is $44.54 and its 200 day moving average is $38.81. The firm has a market cap of $9.57 billion, a PE ratio of -170.53 and a beta of 1.21. Viavi Solutions has a 1-year low of $10.02 and a 1-year high of $60.43. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $443.10 million for the quarter, compared to the consensus estimate of $432.62 million. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The business’s quarterly revenue was up 52.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, analysts predict that Viavi Solutions will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Oleg Khaykin sold 136,547 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the completion of the transaction, the chief executive officer directly owned 1,188,798 shares in the company, valued at $61,603,512.36. The trade was a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jefferies Financial Group Inc. bought a new stake in shares of Viavi Solutions during the 4th quarter worth $1,803,000. Phocas Financial Corp. purchased a new stake in Viavi Solutions during the fourth quarter valued at about $3,772,000. Jackson Creek Investment Advisors LLC bought a new stake in Viavi Solutions during the fourth quarter worth about $1,887,000. Tensor Edge Capital LLC bought a new stake in Viavi Solutions during the fourth quarter worth about $2,673,000. Finally, Intech Investment Management LLC boosted its holdings in shares of Viavi Solutions by 29.1% in the 4th 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 in the last quarter. 95.54% of the stock is currently owned by institutional investors.

Key Headlines Impacting Viavi Solutions

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: Fiscal Q4 beat expectations: Viavi reported adjusted EPS of $0.34, above the $0.30 consensus estimate, while revenue reached $443.1 million versus expectations of approximately $432.6 million. Revenue increased 52.5% year over year, and adjusted EPS rose sharply from $0.13 a year earlier. Viavi Solutions Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and liquidity improved: Gross profit rose 60.1% to $261.7 million, operating profit increased 300.7% to $61.3 million, and net income attributable to common shareholders climbed to $32.7 million. Cash and equivalents totaled $647.8 million at quarter-end. Viavi Solutions Releases Q4 2026 Earnings
• Positive Sentiment: Strong outlook: Management forecast fiscal Q1 2027 adjusted EPS of $0.40-$0.42 and revenue of $450 million-$460 million, well above consensus estimates of $0.27 EPS and $433.2 million in revenue. The company is also targeting a $500 million quarterly revenue milestone during calendar 2027. Viavi Anticipates Q1 FY2027 EPS and Revenue Outlook
• Neutral Sentiment: Analyst price targets remain generally bullish, with recent targets ranging from $53 to $70 and a reported median of $66, although targets may already reflect much of the expected growth.
• Negative Sentiment: Insider activity could weigh on sentiment: company insiders reportedly made 26 sales and no purchases during the past six months, including significant selling by CEO Oleg Khaykin.

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.