Insider Selling: Viavi Solutions (NASDAQ:VIAV) EVP Sells $116,792.39 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 3,551 shares of Viavi Solutions stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $32.89, for a total transaction of $116,792.39. Following the completion of the transaction, the executive vice president owned 18,198 shares in the company, valued at $598,532.22. This trade represents a 16.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Paul Mcnab also recently made the following trade(s):

• On Monday, February 2nd, Paul Mcnab sold 4,638 shares of Viavi Solutions stock. The shares were sold at an average price of $25.80, for a total transaction of $119,660.40.

Viavi Solutions Trading Down 1.4%

Shares of NASDAQ:VIAV opened at $32.59 on Thursday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.32 and a current ratio of 2.61. The stock’s 50-day moving average is $23.12 and its 200-day moving average is $17.55. The company has a market cap of $7.54 billion, a P/E ratio of -181.05 and a beta of 0.92. Viavi Solutions Inc. has a 52-week low of $8.10 and a 52-week high of $35.61.

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

Analyst Upgrades and Downgrades

VIAV has been the subject of several research analyst reports. Rosenblatt Securities set a $27.00 target price on shares of Viavi Solutions in a research note on Thursday, January 29th. Stifel Nicolaus upped their price objective on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Susquehanna increased their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Argus boosted their price target on Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Wall Street Zen cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 18th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Viavi Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

Institutional Investors Weigh In On Viavi Solutions

Several large investors have recently modified their holdings of the stock. Capital World Investors raised its stake in Viavi Solutions by 4.4% during the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock worth $278,356,000 after acquiring an additional 664,956 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Viavi Solutions by 16.6% during the 2nd quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock worth $82,709,000 after purchasing an additional 1,166,547 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Viavi Solutions by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock valued at $86,875,000 after purchasing an additional 231,570 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Viavi Solutions by 0.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock valued at $118,915,000 after buying an additional 33,463 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Viavi Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock worth $95,373,000 after buying an additional 20,776 shares during the last quarter. 95.54% of the stock is currently 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.