Viavi Solutions (NASDAQ:VIAV) Trading Down 7.1% – Here’s What Happened

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) traded down 7.1% during trading on Monday . The stock traded as low as $31.74 and last traded at $32.1850. 1,560,480 shares were traded during mid-day trading, a decline of 71% from the average session volume of 5,470,674 shares. The stock had previously closed at $34.64.

Analyst Ratings Changes

VIAV has been the topic of a number of recent analyst reports. Susquehanna increased their price target on Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Needham & Company LLC upped their target price on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Wall Street Zen downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. B. Riley Financial raised their price target on Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Stifel Nicolaus lifted their price target on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a 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 issued a Sell rating to the stock. According to MarketBeat.com, Viavi Solutions has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Viavi Solutions Stock Performance

The company has a market cap of $8.17 billion, a PE ratio of -196.36 and a beta of 0.92. The stock’s 50 day simple moving average is $28.41 and its two-hundred day simple moving average is $20.37. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.25 million. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, research analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Insider Activity

In other news, CEO Oleg Khaykin sold 42,767 shares of Viavi Solutions stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $27.50, for a total value of $1,176,092.50. Following the transaction, the chief executive officer directly owned 1,592,854 shares of the company’s stock, valued at $43,803,485. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard Belluzzo sold 15,775 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $26.85, for a total value of $423,558.75. Following the sale, the director owned 211,850 shares of the company’s stock, valued at $5,688,172.50. The trade was a 6.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 485,772 shares of company stock valued at $12,736,803 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming purchased a new position in shares of Viavi Solutions in the 4th quarter valued at $34,000. GAMMA Investing LLC boosted its position in Viavi Solutions by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 825 shares during the period. Johnson Financial Group Inc. purchased a new stake in Viavi Solutions during the 3rd quarter worth $44,000. Covestor Ltd increased its holdings in Viavi Solutions by 22.9% in the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 676 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Viavi Solutions by 32.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock valued at $47,000 after purchasing an additional 898 shares in the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

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.