Viavi Solutions (NASDAQ:VIAV) Shares Gap Down – What’s Next?

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) gapped down before the market opened on Wednesday . The stock had previously closed at $49.28, but opened at $45.34. Viavi Solutions shares last traded at $47.9080, with a volume of 4,750,819 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Susquehanna upped their price target on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a report on Thursday, April 30th. B. Riley Financial upped their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, April 24th. UBS Group upped their price objective on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Needham & Company LLC upped their price objective on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Rosenblatt Securities upped their price objective on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

Viavi Solutions Price Performance

The stock’s 50-day moving average price is $41.85 and its 200 day moving average price is $28.42. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of -204.07 and a beta of 1.22. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The business had revenue of $406.80 million during the quarter, compared to analyst estimates of $393.80 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm’s revenue for the quarter was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Equities research analysts predict that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Insider Transactions at Viavi Solutions

In related news, CEO Oleg Khaykin sold 136,547 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $51.82, for a total value of $7,075,865.54. Following the completion of the transaction, the chief executive officer owned 1,188,798 shares of the company’s stock, valued at $61,603,512.36. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul Mcnab sold 3,551 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $32.89, for a total transaction of $116,792.39. Following the completion of the transaction, the executive vice president directly owned 18,198 shares of the company’s stock, valued at $598,532.22. This trade represents a 16.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 461,184 shares of company stock valued at $24,158,554. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Capital World Investors increased its holdings in shares of Viavi Solutions by 4.4% during the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock worth $278,356,000 after buying an additional 664,956 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Viavi Solutions by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock worth $86,875,000 after acquiring an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Viavi Solutions by 0.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock worth $118,915,000 after acquiring an additional 33,463 shares during the last quarter. Geode Capital Management LLC grew its position in Viavi Solutions by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock worth $95,373,000 after acquiring an additional 20,776 shares during the last quarter. Finally, Invesco Ltd. grew its position in Viavi Solutions by 116.0% during the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after acquiring an additional 2,045,702 shares during the last quarter. 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.