Viavi Solutions (NASDAQ:VIAV) Stock Price Down 4.6% – Time to Sell?

Viavi Solutions Inc. (NASDAQ:VIAV)’s share price was down 4.6% during mid-day trading on Thursday . The company traded as low as $33.25 and last traded at $32.8960. 273,926 shares traded hands during trading, a decline of 95% from the average session volume of 6,058,163 shares. The stock had previously closed at $34.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. UBS Group cut their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Weiss Ratings raised Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. Zacks Research upgraded Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Finally, Needham & Company LLC decreased their price target on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Viavi Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.43.

Viavi Solutions Trading Down 1.0%

The company’s 50-day moving average is $40.28 and its 200-day moving average is $41.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of -227.62 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data 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. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The firm had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter last year, the company posted $0.13 EPS. The company’s quarterly 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, research analysts predict that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.

Insider Transactions at Viavi Solutions

In related news, EVP Ilan Daskal sold 56,290 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $36.29, for a total value of $2,042,764.10. Following the transaction, the executive vice president owned 10,132 shares in the company, valued at $367,690.28. This trade represents a 84.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laura A. Black sold 71,000 shares of Viavi Solutions stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the sale, the director owned 71,497 shares of the company’s stock, valued at approximately $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 152,796 shares of company stock worth $6,246,532. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Viavi Solutions

A number of institutional investors and hedge funds have recently modified their holdings of VIAV. Royal Bank of Canada lifted its holdings in Viavi Solutions by 11.5% in the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after buying an additional 18,910 shares during the period. AQR Capital Management LLC boosted its stake in Viavi Solutions by 110.5% in the first quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after acquiring an additional 17,673 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Viavi Solutions by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock worth $1,467,000 after acquiring an additional 5,775 shares during the period. Millennium Management LLC grew its holdings in Viavi Solutions by 205.4% during the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock worth $5,335,000 after acquiring an additional 320,662 shares during the period. Finally, United Services Automobile Association bought a new stake in shares of Viavi Solutions during the 1st quarter valued at $165,000. 95.54% of the stock is owned by 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.