Viavi Solutions (NASDAQ:VIAV) Trading 10% Higher – Here’s Why

Viavi Solutions Inc. (NASDAQ:VIAV) shares rose 10% on Monday . The company traded as high as $51.90 and last traded at $51.8710. 3,381,453 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 6,363,209 shares. The stock had previously closed at $47.17.

Analyst Ratings Changes

VIAV has been the subject of a number of research reports. Weiss Ratings raised shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday, June 10th. Needham & Company LLC upped their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Susquehanna raised their price target on Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $42.75.

Viavi Solutions Price Performance

The firm has a market capitalization of $11.44 billion, a P/E ratio of -204.41 and a beta of 1.18. The business’s 50-day simple moving average is $48.88 and its 200 day simple moving average is $33.74. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The firm’s revenue was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Sell-side analysts forecast that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Insider Activity

In other news, SVP Kevin Christopher Siebert sold 8,255 shares of Viavi Solutions stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $54.02, for a total value of $445,935.10. Following the transaction, the senior vice president owned 20,129 shares in the company, valued at approximately $1,087,368.58. The trade was a 29.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Doug Gilstrap sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total value of $550,000.00. Following the completion of the sale, the director directly owned 55,766 shares of the company’s stock, valued at approximately $3,067,130. This trade represents a 15.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 450,369 shares of company stock valued at $23,789,119. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of Viavi Solutions by 11.5% during the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after buying an additional 18,910 shares during the period. AQR Capital Management LLC boosted its position in Viavi Solutions by 110.5% during the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after acquiring an additional 17,673 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Viavi Solutions by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock worth $1,467,000 after acquiring an additional 5,775 shares during the period. Millennium Management LLC grew its holdings in shares of Viavi Solutions by 205.4% during the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock worth $5,335,000 after acquiring an additional 320,662 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Viavi Solutions in the 1st quarter worth approximately $165,000. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Company Profile

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.