Viavi Solutions (NASDAQ:VIAV) Price Target Raised to $22.00 at B. Riley

Viavi Solutions (NASDAQ:VIAV) had its price objective raised by B. Riley from $18.00 to $22.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the communications equipment provider’s stock. B. Riley’s price objective would suggest a potential upside of 13.54% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. UBS Group raised their price target on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 18th. Argus lifted their price objective on Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Needham & Company LLC lifted their price target on Viavi Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.89.

Viavi Solutions Trading Up 3.1%

Shares of NASDAQ VIAV opened at $19.38 on Monday. Viavi Solutions has a twelve month low of $8.10 and a twelve month high of $19.90. The firm has a market cap of $4.32 billion, a PE ratio of 277.89 and a beta of 0.94. The business has a fifty day simple moving average of $17.94 and a two-hundred day simple moving average of $14.33. The company has a quick ratio of 1.74, a current ratio of 1.99 and a debt-to-equity ratio of 0.88.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Viavi Solutions had a return on equity of 10.70% and a net margin of 1.33%.The firm had revenue of $299.10 million during the quarter, compared to the consensus estimate of $294.35 million. During the same period in the previous year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. Analysts expect that Viavi Solutions will post 0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Eugenia Corrales sold 3,384 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $18.76, for a total transaction of $63,483.84. Following the transaction, the director owned 3,384 shares in the company, valued at approximately $63,483.84. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Kevin Christopher Siebert sold 24,225 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $18.26, for a total transaction of $442,348.50. Following the transaction, the senior vice president directly owned 49,225 shares in the company, valued at approximately $898,848.50. The trade was a 32.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 606,226 shares of company stock valued at $10,714,820. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Several large investors have recently made changes to their positions in VIAV. Royal Bank of Canada raised its position in Viavi Solutions by 11.5% in the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after purchasing an additional 18,910 shares during the period. AQR Capital Management LLC raised its holdings in shares of Viavi Solutions by 110.5% in the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after buying an additional 17,673 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Viavi Solutions by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock worth $1,467,000 after acquiring an additional 5,775 shares in the last quarter. Millennium Management LLC boosted its holdings in Viavi Solutions by 205.4% during the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock valued at $5,335,000 after acquiring an additional 320,662 shares during the period. Finally, United Services Automobile Association purchased a new stake in Viavi Solutions during the first quarter worth about $165,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

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.