Viavi Solutions (NASDAQ:VIAV) Shares Down 8.4% – Here’s What Happened

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) dropped 8.4% on Friday . The stock traded as low as $28.29 and last traded at $28.41. Approximately 3,776,248 shares changed hands 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.

Wall Street Analysts Forecast Growth

VIAV has been the subject of a number of recent research reports. Rosenblatt Securities set a $27.00 price target on Viavi Solutions in a research note on Thursday, January 29th. Wall Street Zen downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Susquehanna raised their price objective on shares of Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. B. Riley Financial lifted their target price on shares of Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Stifel Nicolaus boosted their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Six 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

Viavi Solutions Stock Down 10.1%

The stock has a market cap of $6.45 billion, a P/E ratio of -154.88 and a beta of 0.92. 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 is $23.57 and its 200 day moving average is $17.82.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, beating the consensus estimate 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 company earned $0.13 EPS. The firm’s revenue for the quarter was up 36.4% compared to the same quarter last year. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, equities research analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Insider Transactions at Viavi Solutions

In other news, SVP Kevin Christopher Siebert sold 7,264 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $34.78, for a total value of $252,641.92. Following the completion of the transaction, the senior vice president owned 28,384 shares in the company, valued at approximately $987,195.52. This represents a 20.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Oleg Khaykin sold 42,767 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $27.50, for a total transaction of $1,176,092.50. Following the completion of the transaction, the chief executive officer directly owned 1,592,854 shares of the company’s stock, valued at $43,803,485. This trade represents a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 516,765 shares of company stock worth $13,306,119. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Viavi Solutions

A number of large investors have recently bought and sold shares of VIAV. Arrowstreet Capital Limited Partnership raised its stake in Viavi Solutions by 431.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after acquiring an additional 5,389,435 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Viavi Solutions by 116.0% in the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock valued at $67,886,000 after purchasing an additional 2,045,702 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Viavi Solutions by 1,011.9% in the 4th quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider’s stock valued at $38,983,000 after purchasing an additional 1,990,848 shares in the last quarter. Bowen Hanes & Co. Inc. bought a new stake in shares of Viavi Solutions in the 4th quarter worth about $33,323,000. Finally, Aberdeen Group plc bought a new stake in shares of Viavi Solutions in the 3rd quarter worth about $20,110,000. 95.54% of the stock is currently owned by institutional investors.

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.