Viavi Solutions (NASDAQ:VIAV – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.
Other analysts have also recently issued reports about the stock. B. Riley Financial lowered their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. UBS Group decreased their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Susquehanna upped their price objective on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday, July 1st. Wall Street Zen lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a report on Wednesday, September 23rd. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.43.
Get Our Latest Analysis on Viavi Solutions
Viavi Solutions Price Performance
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $432.62 million. During the same period in the previous year, the firm posted $0.13 EPS. The company’s quarterly revenue was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities research analysts predict that Viavi Solutions will post 1.42 EPS for the current fiscal year.
Insider Transactions at Viavi Solutions
In related news, Director Laura A. Black sold 71,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the sale, the director owned 71,497 shares of the company’s stock, valued at $3,297,441.64. This represents a 49.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul McNab sold 11,032 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $38.97, for a total value of $429,917.04. Following the completion of the sale, the executive vice president directly owned 25,639 shares in the company, valued at approximately $999,151.83. This trade represents a 30.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 199,694 shares of company stock valued at $7,976,233 over the last ninety days. 1.20% of the stock is currently owned by company insiders.
Institutional Trading of Viavi Solutions
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Viavi Solutions in the 2nd quarter valued at about $1,228,529,000. Bank of America Corp DE acquired a new position in shares of Viavi Solutions during the 2nd quarter valued at $134,922,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Viavi Solutions in the first quarter valued at $75,294,000. Bowen Hanes & Co. Inc. lifted its holdings in Viavi Solutions by 7.0% in the 1st quarter. Bowen Hanes & Co. Inc. now owns 2,000,000 shares of the communications equipment provider’s stock valued at $66,560,000 after acquiring an additional 130,000 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Viavi Solutions in the 2nd quarter worth approximately $87,914,000. 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, optical systems, and related industrial applications. Its solutions are used by network equipment manufacturers, communications service providers, contractors, and government organizations to install, validate, monitor, and maintain wired and wireless networks.
The company’s offerings include instruments and software for fiber-optic testing, network performance monitoring, service activation, troubleshooting, and assurance.
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