Viavi Solutions (NASDAQ:VIAV) Receives Buy Rating from Rosenblatt Securities

Viavi Solutions (NASDAQ:VIAV)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $70.00 target price on the communications equipment provider’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 92.31% from the stock’s previous close.

Several other research firms have also recently weighed in on VIAV. Susquehanna raised their price objective on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday, July 1st. Needham & Company LLC cut their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. B. Riley Financial decreased their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Stifel Nicolaus upped their price objective on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings lowered shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Viavi Solutions currently has an average rating of “Moderate Buy” and an average price target of $55.43.

Viavi Solutions Stock Up 0.6%

Viavi Solutions stock opened at $36.40 on Wednesday. Viavi Solutions has a 1-year low of $12.05 and a 1-year high of $60.43. The firm has a 50 day simple moving average of $38.01 and a 200 day simple moving average of $41.75. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of -242.65 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The firm had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. During the same period in the prior year, the business posted $0.13 earnings per share. The company’s revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, analysts predict that Viavi Solutions will post 1.42 earnings per share for the current year.

Insider Activity

In other Viavi Solutions news, EVP Paul McNab sold 11,032 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $38.97, for a total value of $429,917.04. Following the transaction, the executive vice president owned 25,639 shares in the company, valued at approximately $999,151.83. The trade was a 30.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ilan Daskal sold 56,290 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $36.29, for a total transaction of $2,042,764.10. Following the sale, the executive vice president owned 10,132 shares of the company’s stock, valued at approximately $367,690.28. This represents a 84.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 163,828 shares of company stock worth $6,676,449 in the last quarter. Insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

Large investors have recently added to or reduced their stakes in the stock. GTS Securities LLC raised its position in shares of Viavi Solutions by 4.5% during the 2nd quarter. GTS Securities LLC now owns 6,511 shares of the communications equipment provider’s stock worth $311,000 after purchasing an additional 283 shares during the last quarter. WPG Advisers LLC boosted its holdings in Viavi Solutions by 96.2% in the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 380 shares during the last quarter. Carolina Wealth Advisors LLC boosted its holdings in Viavi Solutions by 83.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after buying an additional 387 shares during the last quarter. Silvant Capital Management LLC acquired a new position in shares of Viavi Solutions during the second quarter valued at approximately $33,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Viavi Solutions during the second quarter valued at approximately $38,000. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks and optical systems. Its products and software help telecommunications providers, network equipment manufacturers, data centers, government organizations, and other enterprises build, validate, monitor, and maintain wired and wireless networks.

The company’s offerings include instruments and software for fiber-optic testing, network installation and certification, service activation, network performance monitoring, troubleshooting, and telecommunications equipment testing.