Paul Mcnab Sells 4,638 Shares of Viavi Solutions (NASDAQ:VIAV) Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 4,638 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $25.80, for a total transaction of $119,660.40. Following the sale, the executive vice president directly owned 21,749 shares in the company, valued at $561,124.20. This trade represents a 17.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Paul Mcnab also recently made the following trade(s):

• On Wednesday, November 26th, Paul Mcnab sold 1,657 shares of Viavi Solutions stock. The stock was sold at an average price of $18.14, for a total value of $30,057.98.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $25.58 on Tuesday. The firm has a market capitalization of $5.92 billion, a P/E ratio of -142.11 and a beta of 0.95. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46. The firm’s fifty day moving average price is $18.71 and its two-hundred day moving average price is $14.86. Viavi Solutions Inc. has a 1 year low of $8.10 and a 1 year high of $26.08.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The business had revenue of $369.30 million during the quarter, compared to the consensus estimate of $365.25 million. During the same period last year, the business posted $0.13 EPS. Viavi Solutions’s revenue was up 36.4% on a year-over-year basis. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, research analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Hedge Funds Weigh In On Viavi Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd boosted its position in Viavi Solutions by 22.9% during the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 676 shares during the period. Lido Advisors LLC raised its position in shares of Viavi Solutions by 3.0% in the third quarter. Lido Advisors LLC now owns 24,082 shares of the communications equipment provider’s stock valued at $306,000 after purchasing an additional 697 shares during the period. GAMMA Investing LLC lifted its stake in shares of Viavi Solutions by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock valued at $42,000 after buying an additional 825 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Viavi Solutions by 32.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after buying an additional 898 shares during the period. Finally, Amalgamated Bank boosted its holdings in Viavi Solutions by 1.8% in the 3rd quarter. Amalgamated Bank now owns 64,746 shares of the communications equipment provider’s stock worth $822,000 after buying an additional 1,165 shares during the period. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. B. Riley upped their price objective on shares of Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 26th. UBS Group raised their target price on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Needham & Company LLC lifted their target price on shares of Viavi Solutions from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, Argus increased their price target on shares of Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $22.13.

About Viavi Solutions

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.