Viavi Solutions (NASDAQ:VIAV) Trading Down 12% – Time to Sell?

Viavi Solutions Inc. (NASDAQ:VIAV)’s stock price dropped 12% during mid-day trading on Thursday . The stock traded as low as $41.50 and last traded at $41.4030. Approximately 3,438,194 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 6,576,140 shares. The stock had previously closed at $47.07.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VIAV shares. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research note on Wednesday, June 10th. UBS Group upped their price target on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. B. Riley Financial lifted their price objective on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Susquehanna upped their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.88.

Viavi Solutions Stock Performance

The stock has a 50-day moving average of $49.54 and a 200 day moving average of $35.21. The firm has a market capitalization of $9.74 billion, a P/E ratio of -173.58 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61.

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

Insider Activity at Viavi Solutions

In other Viavi Solutions news, Director Doug Gilstrap sold 10,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the transaction, the director directly owned 55,766 shares in the company, valued at approximately $3,067,130. This trade represents a 15.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Oleg Khaykin sold 136,547 shares of Viavi Solutions stock in a transaction on 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 sale, the chief executive officer directly owned 1,188,798 shares of the company’s stock, valued at $61,603,512.36. This trade represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 450,369 shares of company stock valued at $23,789,119 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Viavi Solutions

Several large investors have recently made changes to their positions in VIAV. WPG Advisers LLC increased its position in Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 380 shares during the period. State of Wyoming bought a new position in shares of Viavi Solutions in the 4th quarter valued at about $34,000. Johnson Financial Group Inc. bought a new position in shares of Viavi Solutions in the 3rd quarter valued at about $44,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Viavi Solutions during the 1st quarter worth approximately $50,000. Finally, Hantz Financial Services Inc. grew its position in shares of Viavi Solutions by 86.2% during the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock worth $51,000 after buying an additional 1,317 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.