Weekly Research Analysts’ Ratings Updates for Viavi Solutions (VIAV)

Several brokerages have updated their recommendations and price targets on shares of Viavi Solutions (NASDAQ: VIAV) in the last few weeks:

• 11/19/2024 – Viavi Solutions is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $10.60 price target on the stock.
• 11/12/2024 – Viavi Solutions was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/4/2024 – Viavi Solutions was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/1/2024 – Viavi Solutions had its price target raised by analysts at Northland Securities from $11.00 to $13.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Viavi Solutions had its price target raised by analysts at Rosenblatt Securities from $8.25 to $10.50. They now have a “neutral” rating on the stock.
• 11/1/2024 – Viavi Solutions had its “hold” rating reaffirmed by analysts at Needham & Company LLC.

Viavi Solutions Price Performance

VIAV stock opened at $9.82 on Thursday. Viavi Solutions Inc. has a one year low of $6.60 and a one year high of $11.32. The firm has a 50-day moving average of $9.27 and a two-hundred day moving average of $8.20. The firm has a market capitalization of $2.18 billion, a PE ratio of -57.76 and a beta of 0.90. The company has a current ratio of 3.71, a quick ratio of 3.31 and a debt-to-equity ratio of 0.91.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $238.20 million during the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 EPS. On average, analysts forecast that Viavi Solutions Inc. will post 0.19 earnings per share for the current year.

Insider Activity at Viavi Solutions

In related news, EVP Paul Mcnab sold 5,920 shares of Viavi Solutions stock in a transaction on Friday, September 13th. The shares were sold at an average price of $8.45, for a total value of $50,024.00. Following the transaction, the executive vice president now owns 34,545 shares in the company, valued at $291,905.25. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Masood Jabbar sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $8.20, for a total transaction of $123,000.00. Following the sale, the director now owns 228,514 shares of the company’s stock, valued at $1,873,814.80. This trade represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,381 shares of company stock valued at $562,279. 1.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Viavi Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in shares of Viavi Solutions in the 3rd quarter valued at $25,000. Innealta Capital LLC acquired a new stake in Viavi Solutions during the second quarter valued at approximately $38,000. Quarry LP grew its stake in shares of Viavi Solutions by 419.7% in the 2nd quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock valued at $50,000 after purchasing an additional 5,838 shares during the period. Summit Securities Group LLC acquired a new position in shares of Viavi Solutions in the 2nd quarter worth approximately $52,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Viavi Solutions in the 2nd quarter worth approximately $76,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.