Viavi Solutions (NASDAQ:VIAV) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Viavi Solutions (NASDAQ:VIAV) from a buy rating to a hold rating in a research note released on Saturday.

Other equities research analysts have also recently issued reports about the company. B. Riley Financial upped their price target on Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Stifel Nicolaus raised their price objective on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Susquehanna boosted their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Rosenblatt Securities set a $27.00 target price on shares of Viavi Solutions in a research report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Six research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $23.13.

Viavi Solutions Stock Performance

Shares of VIAV opened at $27.88 on Friday. The company has a 50-day simple moving average of $23.57 and a two-hundred day simple moving average of $17.82. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32. The firm has a market capitalization of $6.45 billion, a PE ratio of -154.88 and a beta of 0.92. Viavi Solutions has a one year low of $8.10 and a one year high of $35.61.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The firm had revenue of $369.30 million for the quarter, compared to the consensus estimate of $365.25 million. During the same quarter in the prior year, the business earned $0.13 EPS. The business’s revenue for the quarter was up 36.4% on a year-over-year basis. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, analysts anticipate that Viavi Solutions will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other news, CEO Oleg Khaykin sold 74,315 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total transaction of $1,967,861.20. Following the completion of the transaction, the chief executive officer directly owned 1,849,437 shares in the company, valued at $48,973,091.76. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin Christopher Siebert sold 24,225 shares of Viavi Solutions stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $18.26, for a total value of $442,348.50. Following the completion of the transaction, the senior vice president directly owned 49,225 shares of the company’s stock, valued at approximately $898,848.50. This represents a 32.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 516,765 shares of company stock worth $13,306,119. 1.80% of the stock is owned by insiders.

Institutional Trading of Viavi Solutions

Several institutional investors have recently bought and sold shares of the company. Lido Advisors LLC raised its holdings in Viavi Solutions by 2.0% in the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock worth $438,000 after buying an additional 473 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Viavi Solutions by 1.5% during the fourth quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock valued at $580,000 after buying an additional 478 shares during the last quarter. Covestor Ltd grew its holdings in shares of Viavi Solutions by 22.9% during the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after buying an additional 676 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Viavi Solutions by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock valued at $910,000 after acquiring an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Viavi Solutions by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after acquiring an additional 825 shares during the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

About Viavi Solutions

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.