Viavi Solutions (NASDAQ:VIAV) Director Richard Belluzzo Sells 15,775 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) Director Richard Belluzzo sold 15,775 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $26.85, for a total transaction of $423,558.75. Following the completion of the transaction, the director owned 211,850 shares in the company, valued at $5,688,172.50. This represents a 6.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Viavi Solutions Stock Up 0.1%

Shares of Viavi Solutions stock opened at $26.33 on Thursday. Viavi Solutions Inc. has a 1-year low of $8.10 and a 1-year high of $28.15. The company has a market capitalization of $6.09 billion, a PE ratio of -146.27 and a beta of 0.96. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32. The business has a 50-day moving average of $20.69 and a 200-day moving average of $16.18.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The firm had revenue of $369.30 million during the quarter, compared to the consensus estimate of $365.25 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. Viavi Solutions’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, equities analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VIAV shares. Argus boosted their target price on shares of Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. UBS Group upped their price objective on Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Susquehanna lifted their target price on Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Finally, Needham & Company LLC raised their price objective on Viavi Solutions from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $22.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming acquired a new stake in Viavi Solutions in the fourth quarter worth $34,000. Hantz Financial Services Inc. lifted its position in Viavi Solutions by 86.2% in the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after purchasing an additional 1,317 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 825 shares during the period. Johnson Financial Group Inc. acquired a new position in Viavi Solutions during the 3rd quarter valued at about $44,000. Finally, Covestor Ltd increased its stake 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 valued at $46,000 after purchasing an additional 676 shares during the period. Institutional investors and hedge funds 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.