Viavi Solutions (NASDAQ:VIAV) Shares Up 9.8% – Time to Buy?

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) traded up 9.8% during trading on Wednesday . The stock traded as high as $41.94 and last traded at $42.1440. Approximately 551,872 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 6,291,437 shares. The stock had previously closed at $38.40.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VIAV. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research report on Thursday, August 6th. B. Riley Financial reduced their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Susquehanna lifted their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research note on Wednesday, July 1st. Weiss Ratings lowered Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 16th. Finally, Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.88.

Viavi Solutions Stock Performance

The company has a market cap of $9.98 billion, a PE ratio of -284.31 and a beta of 1.21. The business has a fifty day simple moving average of $43.70 and a two-hundred day simple moving average of $39.37. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same period last year, the business earned $0.13 EPS. Viavi Solutions’s revenue for the quarter was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Research analysts anticipate that Viavi Solutions Inc. will post 1.02 earnings per share for the current year.

Insider Activity

In other news, EVP Paul Mcnab sold 1,595 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $37.37, for a total value of $59,605.15. Following the sale, the executive vice president owned 13,876 shares in the company, valued at $518,546.12. This represents a 10.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Viavi Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in VIAV. Jefferies Financial Group Inc. acquired a new stake in Viavi Solutions during the fourth quarter valued at $1,803,000. Phocas Financial Corp. purchased a new position in shares of Viavi Solutions in the 4th quarter valued at about $3,772,000. Jackson Creek Investment Advisors LLC acquired a new position in Viavi Solutions in the 4th quarter worth about $1,887,000. Tensor Edge Capital LLC acquired a new position in Viavi Solutions in the 4th quarter worth about $2,673,000. Finally, Intech Investment Management LLC boosted its position in Viavi Solutions by 29.1% during the fourth quarter. Intech Investment Management LLC now owns 109,258 shares of the communications equipment provider’s stock worth $1,947,000 after purchasing an additional 24,638 shares in the last quarter. 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.