Viavi Solutions (NASDAQ:VIAV) Director Laura Black Sells 71,000 Shares of Stock

Viavi Solutions Inc. (NASDAQ:VIAV) Director Laura Black sold 71,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the transaction, the director owned 71,497 shares of the company’s stock, valued at $3,297,441.64. This represents a 49.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Viavi Solutions Stock Performance

Shares of VIAV stock traded down $5.25 during mid-day trading on Tuesday, hitting $41.01. 1,694,289 shares of the stock were exchanged, compared to its average volume of 6,264,379. The stock’s fifty day simple moving average is $43.18 and its two-hundred day simple moving average is $40.05. The stock has a market capitalization of $9.59 billion, a price-to-earnings ratio of -273.26 and a beta of 1.22. Viavi Solutions Inc. has a 12-month low of $10.44 and a 12-month high of $60.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85.

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

Institutional Trading of Viavi Solutions

A number of hedge funds have recently added to or reduced their stakes in VIAV. WPG Advisers LLC grew its stake in shares of Viavi Solutions by 96.2% in 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 during the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Viavi Solutions during the second quarter worth approximately $33,000. State of Wyoming acquired a new stake in shares of Viavi Solutions during the fourth quarter worth $34,000. Persistent Asset Partners Ltd acquired a new stake in shares of Viavi Solutions during the second quarter worth $38,000. Finally, Carolina Wealth Advisors LLC grew its position in Viavi Solutions by 83.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after buying an additional 387 shares during the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VIAV has been the subject of several research analyst reports. B. Riley Financial decreased 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 upgraded shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Needham & Company LLC lowered their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $49.88.

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.