Viavi Solutions (NASDAQ:VIAV) Price Target Raised to $36.00

Viavi Solutions (NASDAQ:VIAV) had its price target increased by Needham & Company LLC from $28.00 to $36.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the communications equipment provider’s stock.

Other analysts have also recently issued reports about the stock. Susquehanna raised their price target on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock 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 note on Thursday, January 29th. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Finally, Stifel Nicolaus boosted their target price on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Viavi Solutions has an average rating of “Moderate Buy” and a consensus target price of $23.13.

Viavi Solutions Stock Performance

Shares of VIAV stock opened at $32.59 on Monday. Viavi Solutions has a 1-year low of $8.10 and a 1-year high of $35.61. 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 capitalization of $7.54 billion, a price-to-earnings ratio of -181.05 and a beta of 0.92. The stock’s fifty day simple moving average is $23.12 and its 200-day simple moving average is $17.55.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $365.25 million. During the same period 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, sell-side analysts predict that Viavi Solutions will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at Viavi Solutions

In other news, EVP Paul Mcnab sold 3,551 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $32.89, for a total transaction of $116,792.39. Following the completion of the sale, the executive vice president owned 18,198 shares in the company, valued at approximately $598,532.22. This represents a 16.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Gary W. Staley sold 24,237 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were 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 $3,260,869.31. The trade was a 15.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 516,765 shares of company stock valued at $13,306,119 in the last three months. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viavi Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIAV. Lido Advisors LLC lifted its stake in shares of 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 raised its holdings in Viavi Solutions by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock worth $580,000 after acquiring an additional 478 shares during the period. Covestor Ltd lifted its position in Viavi Solutions by 22.9% during the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after acquiring an additional 676 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Viavi Solutions by 1.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock worth $910,000 after acquiring an additional 800 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Viavi Solutions by 33.6% during the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock valued at $42,000 after acquiring an additional 825 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

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.