Viavi Solutions (NASDAQ:VIAV) Stock Price Down 8.9% – Time to Sell?

Viavi Solutions Inc. (NASDAQ:VIAV) fell 8.9% on Thursday. The company traded as low as $32.28 and last traded at $32.2410. Approximately 332,426 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 5,965,416 shares. The stock had previously closed at $35.39.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Susquehanna lifted their price objective on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday, July 1st. Wall Street Zen lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. B. Riley Financial cut their price target on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a research note on Wednesday, September 23rd. Finally, Stifel Nicolaus set a $65.00 price objective on shares of Viavi Solutions in a research report on Wednesday, September 23rd. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.43.

Viavi Solutions Price Performance

The stock has a market capitalization of $7.45 billion, a P/E ratio of -201.99 and a beta of 1.21. The stock’s fifty day moving average is $38.90 and its 200-day moving average is $43.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%. The business had revenue of $443.10 million for the quarter, compared to the consensus estimate of $432.62 million. During the same period last year, the business earned $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. On average, equities analysts anticipate that Viavi Solutions Inc. will post 1.42 earnings per share for the current year.

Insider Activity

In related news, Director Laura A. Black sold 71,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $46.12, for a total value of $3,274,520.00. Following the transaction, the director directly owned 71,497 shares in the company, valued at approximately $3,297,441.64. This trade represents a 49.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul McNab sold 11,032 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $38.97, for a total transaction of $429,917.04. Following the completion of the transaction, the executive vice president owned 25,639 shares in the company, valued at $999,151.83. The trade was a 30.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 199,694 shares of company stock worth $7,976,233. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Viavi Solutions during the third quarter valued at about $60,000. Reyes Financial Architecture Inc. bought a new position in shares of Viavi Solutions in the third quarter worth about $93,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Viavi Solutions by 18.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,359 shares of the communications equipment provider’s stock worth $2,279,000 after purchasing an additional 8,578 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Viavi Solutions by 56.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 14,308 shares of the communications equipment provider’s stock worth $642,000 after purchasing an additional 5,170 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Viavi Solutions by 1,402.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,639,752 shares of the communications equipment provider’s stock worth $236,418,000 after purchasing an additional 5,264,496 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

About Viavi Solutions

Viavi Solutions Inc (NASDAQ: VIAV) develops equipment, software and services used to test, monitor and secure communications networks. Its solutions support network operators, equipment manufacturers, government agencies and other organizations involved in the design, deployment and operation of wired and wireless networks.

The company’s products include fiber-optic and broadband test instruments, network performance and service-assurance software, optical spectrum analyzers, monitoring systems and tools for testing 5G and other advanced communications technologies.