Ilan Daskal Sells 56,290 Shares of Viavi Solutions (NASDAQ:VIAV) Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Ilan Daskal sold 56,290 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $36.29, for a total transaction of $2,042,764.10. Following the completion of the sale, the executive vice president directly owned 10,132 shares in the company, valued at approximately $367,690.28. This represents a 84.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Viavi Solutions Price Performance

Viavi Solutions stock opened at $34.81 on Wednesday. Viavi Solutions Inc. has a 12-month low of $11.16 and a 12-month high of $60.43. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $40.58 and a 200-day moving average price of $41.02. The firm has a market capitalization of $8.59 billion, a PE ratio of -232.05 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million for the quarter, compared to the consensus estimate of $432.62 million. During the same period in the prior year, the firm posted $0.13 EPS. The firm’s revenue was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, equities research analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VIAV. Wall Street Zen downgraded Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday. B. Riley Financial dropped their price objective on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Needham & Company LLC reduced their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.43.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. WPG Advisers LLC raised its position in Viavi Solutions by 96.2% during the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 380 shares in the last quarter. Silvant Capital Management LLC bought a new position in shares of Viavi Solutions during the 2nd quarter worth $33,000. State of Wyoming purchased a new position in shares of Viavi Solutions during the fourth quarter valued at $34,000. Persistent Asset Partners Ltd purchased a new position in shares of Viavi Solutions during the second quarter valued at $38,000. Finally, Carolina Wealth Advisors LLC raised its holdings in shares of Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after acquiring an additional 387 shares in the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

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.