Insider Selling: Viavi Solutions (NASDAQ:VIAV) Director Sells $2,208,270.06 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) Director Keith Barnes sold 121,467 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $18.18, for a total value of $2,208,270.06. Following the sale, the director owned 27,213 shares in the company, valued at approximately $494,732.34. This trade represents a 81.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Keith Barnes also recently made the following trade(s):

• On Monday, November 3rd, Keith Barnes sold 53,933 shares of Viavi Solutions stock. The shares were sold at an average price of $17.27, for a total value of $931,422.91.

Viavi Solutions Price Performance

Shares of VIAV stock opened at $16.89 on Friday. The stock’s fifty day moving average is $13.84 and its 200-day moving average is $11.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.50. The stock has a market capitalization of $3.77 billion, a PE ratio of 241.29 and a beta of 0.96. Viavi Solutions Inc. has a 52 week low of $8.10 and a 52 week high of $18.46.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $294.35 million. Viavi Solutions had a return on equity of 10.68% and a net margin of 1.33%.The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. Equities research analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VIAV shares. Susquehanna raised shares of Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price target on the stock in a research note on Friday, August 8th. Rosenblatt Securities lifted their target price on Viavi Solutions from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Argus boosted their target price on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Needham & Company LLC raised their price target on Viavi Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, B. Riley raised Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, October 30th. Seven research 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. Based on data from MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and an average price target of $16.89.

Institutional Investors Weigh In On Viavi Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its holdings in Viavi Solutions by 3.9% during the first quarter. New York State Common Retirement Fund now owns 60,999 shares of the communications equipment provider’s stock worth $683,000 after buying an additional 2,300 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Viavi Solutions by 7,293.1% during the 1st quarter. Victory Capital Management Inc. now owns 3,083,135 shares of the communications equipment provider’s stock worth $34,500,000 after acquiring an additional 3,041,432 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in Viavi Solutions by 4.6% during the first quarter. Segall Bryant & Hamill LLC now owns 1,732,227 shares of the communications equipment provider’s stock valued at $19,384,000 after purchasing an additional 76,572 shares during the period. Jackson Creek Investment Advisors LLC bought a new stake in Viavi Solutions in the first quarter valued at approximately $1,469,000. Finally, Allianz Asset Management GmbH raised its holdings in Viavi Solutions by 33.5% in the first quarter. Allianz Asset Management GmbH now owns 797,977 shares of the communications equipment provider’s stock worth $8,929,000 after purchasing an additional 200,415 shares during the period. Institutional investors own 95.54% of the company’s stock.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.