Fintel reports that on January 31, 2025, Needham upgraded their outlook for Viavi Solutions (NasdaqGS:VIAV) from Hold to Buy.
Analyst Price Forecast Suggests 8.58% Downside
As of January 29, 2025, the average one-year price target for Viavi Solutions is $11.02/share. The forecasts range from a low of $9.60 to a high of $13.65. The average price target represents a decrease of 8.58% from its latest reported closing price of $12.05 / share.
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The projected annual revenue for Viavi Solutions is 1,377MM, an increase of 38.99%. The projected annual non-GAAP EPS is 1.04.
What is the Fund Sentiment?
There are 606 funds or institutions reporting positions in Viavi Solutions. This is an decrease of 15 owner(s) or 2.42% in the last quarter. Average portfolio weight of all funds dedicated to VIAV is 0.12%, an increase of 22.05%. Total shares owned by institutions increased in the last three months by 10.21% to 277,456K shares. 
The put/call ratio of VIAV is 0.22, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 14,153K shares representing 6.38% ownership of the company. In its prior filing, the firm reported owning 14,436K shares , representing a decrease of 1.99%. The firm increased its portfolio allocation in VIAV by 15.52% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 13,955K shares representing 6.29% ownership of the company. In its prior filing, the firm reported owning 12,162K shares , representing an increase of 12.85%. The firm increased its portfolio allocation in VIAV by 41.29% over the last quarter.
Capital World Investors holds 13,955K shares representing 6.29% ownership of the company. In its prior filing, the firm reported owning 12,162K shares , representing an increase of 12.85%. The firm increased its portfolio allocation in VIAV by 43.24% over the last quarter.
Wellington Management Group Llp holds 13,799K shares representing 6.22% ownership of the company. In its prior filing, the firm reported owning 13,896K shares , representing a decrease of 0.71%. The firm decreased its portfolio allocation in VIAV by 82.06% over the last quarter.
T. Rowe Price Investment Management holds 10,353K shares representing 4.67% ownership of the company. In its prior filing, the firm reported owning 7,670K shares , representing an increase of 25.92%. The firm increased its portfolio allocation in VIAV by 69.33% over the last quarter.
Viavi Solutions Background Information
(This description is provided by the company.)
VIAVI is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization to Command the network. VIAVI is also a leader in light management solutions for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, and defense applications.
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This story originally appeared on Fintel.
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