Viavi Solutions (NASDAQ:VIAV) Stock Price Down 8.4% – Should You Sell?

Viavi Solutions Inc. (NASDAQ:VIAV) shares were down 8.4% during mid-day trading on Friday . The company traded as low as $28.29 and last traded at $28.41. 3,776,248 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 5,351,529 shares. The stock had previously closed at $31.00.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Susquehanna lifted their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Rosenblatt Securities set a $27.00 price target on shares of Viavi Solutions in a research report on Thursday, January 29th. Wall Street Zen downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 18th. Finally, Needham & Company LLC lifted their price target on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Monday. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $23.13.

Viavi Solutions Price Performance

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 business’s 50-day simple moving average is $23.38 and its two-hundred day simple moving average is $17.65. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of -157.55 and a beta of 0.92.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $369.30 million for the quarter, compared to the consensus estimate of $365.25 million. During the same quarter in the previous year, the company earned $0.13 EPS. The company’s revenue for the quarter 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 expect that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Gary W. Staley sold 24,237 shares of Viavi Solutions stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $23.93, for a total value of $579,991.41. Following the completion of the transaction, the senior vice president directly owned 136,267 shares of the company’s stock, valued at approximately $3,260,869.31. This trade represents a 15.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Oleg Khaykin sold 42,767 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $27.50, for a total value of $1,176,092.50. Following the transaction, the chief executive officer owned 1,592,854 shares in the company, valued at $43,803,485. The trade was a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 516,765 shares of company stock valued at $13,306,119. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viavi Solutions

Several institutional investors have recently bought and sold shares of VIAV. Lido Advisors LLC grew its position in shares of Viavi Solutions by 2.0% in the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock valued at $438,000 after purchasing an additional 473 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Viavi Solutions by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock worth $580,000 after acquiring an additional 478 shares during the period. Covestor Ltd raised its position in shares of Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after buying an additional 676 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Viavi Solutions by 1.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock valued at $910,000 after acquiring an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Viavi Solutions by 33.6% in the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock valued at $42,000 after purchasing an additional 825 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 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.