Viavi Solutions (NASDAQ:VIAV) Sets New 1-Year High – Still a Buy?

Viavi Solutions Inc. (NASDAQ:VIAV)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.00 and last traded at $12.78, with a volume of 1966529 shares traded. The stock had previously closed at $12.72.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Rosenblatt Securities reiterated a “buy” rating and set a $13.50 target price on shares of Viavi Solutions in a report on Friday, June 20th. Susquehanna upgraded Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price objective for the company in a research report on Friday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Viavi Solutions in a report on Saturday, September 27th. B. Riley lifted their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Finally, Morgan Stanley raised shares of Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 price objective on the stock in a research note on Tuesday, September 2nd. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.50.

Viavi Solutions Stock Performance

The company has a market cap of $2.85 billion, a PE ratio of 79.88 and a beta of 0.90. The stock’s 50 day simple moving average is $11.43 and its two-hundred day simple moving average is $10.44. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $290.50 million during the quarter, compared to the consensus estimate of $285.19 million. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, research analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Luke M. Scrivanich sold 8,987 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $12.17, for a total value of $109,371.79. Following the transaction, the senior vice president owned 79,335 shares in the company, valued at approximately $965,506.95. This trade represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard Belluzzo sold 8,387 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $12.63, for a total transaction of $105,927.81. Following the completion of the sale, the director directly owned 217,154 shares of the company’s stock, valued at $2,742,655.02. The trade was a 3.72% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,789 shares of company stock valued at $857,189. 1.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Viavi Solutions

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Viavi Solutions by 33.6% in the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock valued at $42,000 after purchasing an additional 825 shares during the period. Family Legacy Financial Solutions LLC acquired a new stake in shares of Viavi Solutions during the second quarter valued at about $43,000. USA Financial Formulas purchased a new stake in shares of Viavi Solutions during the first quarter worth about $53,000. AlphaQuest LLC acquired a new position in shares of Viavi Solutions in the first quarter worth about $55,000. Finally, First Horizon Advisors Inc. boosted its holdings in Viavi Solutions by 29.1% in the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider’s stock valued at $56,000 after purchasing an additional 1,138 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.