Optimistic Buy Rating for Viavi Solutions Amid Strong Network Enablement Growth and Strategic Caution

In a report released today, Ryan Koontz from Needham maintained a Buy rating on Viavi Solutions (VIAV – Research Report), with a price target of $15.00.

Ryan Koontz has given his Buy rating due to a combination of factors including Viavi Solutions’ strong performance in a typically slow quarter, driven by its core Network Enablement segment. This growth was largely supported by increased engagement with Cloud Service Providers and Communication Service Providers. Despite the company’s guidance for the next quarter being slightly below expectations, Koontz remains optimistic about the demand for test equipment, considering the flexibility in procurement timing. He acknowledges the potential risk of order delays due to tariff re-pricing but views the estimated revenue push-out as a cautious approach given the company’s customer base. Overall, Koontz sees steady growth potential and has slightly raised future estimates, maintaining confidence in the company’s ability to achieve modest upside.

According to TipRanks, Koontz is an analyst with an average return of -7.7% and a 36.34% success rate. Koontz covers the Technology sector, focusing on stocks such as 8X8, Calix, and Clearfield.

In another report released on April 22, Rosenblatt Securities also maintained a Buy rating on the stock with a $12.00 price target.