Viavi Solutions (NASDAQ:VIAV) Reaches New 12-Month High – Time to Buy?

Viavi Solutions Inc. (NASDAQ:VIAV)’s stock price reached a new 52-week high on Monday . The company traded as high as $28.31 and last traded at $27.4160, with a volume of 583779 shares changing hands. The stock had previously closed at $27.53.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VIAV. Wall Street Zen downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 18th. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Needham & Company LLC increased their price target on Viavi Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. B. Riley Financial boosted 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. Finally, UBS Group lifted their target price on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Six equities 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.13.

Viavi Solutions Trading Down 1.6%

The firm has a market cap of $6.27 billion, a PE ratio of -150.39 and a beta of 0.95. The company has a 50-day simple moving average of $21.02 and a 200 day simple moving average of $16.46. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46.

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

Insider Activity

In related news, CEO Oleg Khaykin sold 42,767 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $27.50, for a total value of $1,176,092.50. Following the completion of the sale, the chief executive officer owned 1,592,854 shares of the company’s stock, valued at approximately $43,803,485. The trade was a 2.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Belluzzo sold 15,775 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $26.85, for a total transaction of $423,558.75. Following the transaction, the director owned 211,850 shares of the company’s stock, valued at $5,688,172.50. This represents a 6.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 832,253 shares of company stock worth $18,676,085 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

A number of hedge funds have recently modified their holdings of VIAV. State of Wyoming acquired a new position in Viavi Solutions during the fourth quarter worth about $34,000. GAMMA Investing LLC lifted its stake 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 purchasing an additional 825 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Viavi Solutions during the 3rd quarter worth approximately $44,000. Covestor Ltd grew its position in shares of Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 676 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Viavi Solutions by 32.0% in the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock valued at $47,000 after purchasing an additional 898 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

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.