Viavi Solutions (NASDAQ:VIAV) SVP Sells $583,078.84 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Gary Staley sold 22,306 shares of Viavi Solutions stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $26.14, for a total transaction of $583,078.84. Following the completion of the transaction, the senior vice president directly owned 160,504 shares in the company, valued at approximately $4,195,574.56. The trade was a 12.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Viavi Solutions Stock Up 5.7%

Shares of Viavi Solutions stock traded up $1.41 during midday trading on Thursday, hitting $25.91. The company had a trading volume of 1,928,805 shares, compared to its average volume of 4,984,848. Viavi Solutions Inc. has a 52-week low of $8.10 and a 52-week high of $26.84. The stock has a market capitalization of $5.99 billion, a P/E ratio of -143.91 and a beta of 0.96. The company has a 50 day moving average of $19.01 and a 200 day moving average of $15.04. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.32 and a current ratio of 2.61.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results 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 analyst estimates of $365.25 million. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 earnings per share. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, equities analysts predict that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VIAV has been the topic of a number of research reports. Susquehanna upped 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. UBS Group raised their price objective on shares of Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Rosenblatt Securities set a $27.00 price objective on shares of Viavi Solutions in a report on Thursday, January 29th. Argus upped their price objective on shares of 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 downgraded Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 18th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $22.13.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VIAV. Capital World Investors lifted its holdings in shares of Viavi Solutions by 3.5% during the 3rd quarter. Capital World Investors now owns 14,955,454 shares of the communications equipment provider’s stock valued at $189,785,000 after acquiring an additional 500,000 shares in the last quarter. Schroder Investment Management Group increased its stake in Viavi Solutions by 16.6% during the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock valued at $82,709,000 after purchasing an additional 1,166,547 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Viavi Solutions by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock valued at $86,875,000 after acquiring an additional 231,570 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Viavi Solutions by 431.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock valued at $84,258,000 after purchasing an additional 5,389,435 shares during the last quarter. Finally, Tributary Capital Management LLC grew its holdings in shares of Viavi Solutions by 92.9% during the third quarter. Tributary Capital Management LLC now owns 2,207,642 shares of the communications equipment provider’s stock valued at $28,015,000 after purchasing an additional 1,063,330 shares during the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

About Viavi Solutions

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.