Viavi Solutions (NASDAQ:VIAV) SVP Sells 9,765 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Luke Scrivanich sold 9,765 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $17.45, for a total value of $170,399.25. Following the completion of the transaction, the senior vice president directly owned 61,820 shares in the company, valued at $1,078,759. This trade represents a 13.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Viavi Solutions Stock Down 4.4%

NASDAQ:VIAV traded down $0.78 during trading hours on Tuesday, hitting $16.76. The company’s stock had a trading volume of 4,783,948 shares, compared to its average volume of 2,608,888. The stock has a market capitalization of $3.73 billion, a P/E ratio of 239.43 and a beta of 0.90. The stock has a fifty day moving average of $12.75 and a 200-day moving average of $10.90. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. Viavi Solutions Inc. has a 52-week low of $8.10 and a 52-week high of $17.99.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The firm had revenue of $299.10 million for the quarter, compared to analyst estimates of $294.35 million. Viavi Solutions had a return on equity of 10.68% and a net margin of 1.33%.Viavi Solutions’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. On average, equities analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VIAV shares. Needham & Company LLC increased their target price on Viavi Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Morgan Stanley upgraded Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 target price on the stock in a research report on Tuesday, September 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $15.00 target price (up previously from $13.00) on shares of Viavi Solutions in a research report on Monday, October 13th. Rosenblatt Securities lifted their target price on Viavi Solutions from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Susquehanna upgraded Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 target price on the stock in a research report on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.11.

Institutional Investors Weigh In On Viavi Solutions

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Viavi Solutions by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider’s stock valued at $340,624,000 after purchasing an additional 540,045 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Viavi Solutions by 0.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,560,567 shares of the communications equipment provider’s stock worth $118,173,000 after acquiring an additional 36,172 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Viavi Solutions by 16.6% during the 2nd quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock worth $82,709,000 after acquiring an additional 1,166,547 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Viavi Solutions by 27.6% during the 1st quarter. Woodline Partners LP now owns 4,384,150 shares of the communications equipment provider’s stock worth $49,059,000 after acquiring an additional 948,472 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Viavi Solutions by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,358,676 shares of the communications equipment provider’s stock worth $37,584,000 after acquiring an additional 23,783 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.