Viavi Solutions Inc. (NASDAQ:VIAV – Get Free Report) SVP Kevin Christopher Siebert sold 13,577 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $25.72, for a total value of $349,200.44. Following the transaction, the senior vice president owned 35,648 shares in the company, valued at approximately $916,866.56. This trade represents a 27.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Kevin Christopher Siebert also recently made the following trade(s):
- On Monday, December 8th, Kevin Christopher Siebert sold 24,225 shares of Viavi Solutions stock. The shares were sold at an average price of $18.26, for a total transaction of $442,348.50.
Viavi Solutions Stock Up 3.3%
Viavi Solutions stock opened at $25.32 on Friday. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of -140.66 and a beta of 0.96. The company’s 50 day simple moving average is $19.16 and its 200 day simple moving average is $15.11. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32. Viavi Solutions Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $26.84.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Viavi Solutions by 11.5% in the 1st 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 last quarter. AQR Capital Management LLC grew its holdings in shares of Viavi Solutions by 110.5% in the 1st 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Viavi Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock valued at $1,467,000 after acquiring an additional 5,775 shares during the last quarter. Millennium Management LLC raised its holdings in Viavi Solutions by 205.4% during the first 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 in the last quarter. Finally, United Services Automobile Association acquired a new position in Viavi Solutions during the first quarter valued at approximately $165,000. Institutional investors own 95.54% of the company’s stock.
Key Stories Impacting Viavi Solutions
Here are the key news stories impacting Viavi Solutions this week:
- Positive Sentiment: Q4 results and revenue momentum — Viavi reported an EPS beat and ~36% year-over-year revenue growth, and set updated near-term guidance, supporting improved earnings visibility and investor confidence. Read More.
- Positive Sentiment: Analyst upgrades and higher price targets — Several firms have raised targets and reiterated buy/positive views (Needham, Rosenblatt, Susquehanna and others), which likely helped buying interest and pushed consensus toward a “Moderate Buy.” Read More.
- Positive Sentiment: Momentum and technical interest — Coverage from Zacks and other outlets highlights VIAV as a momentum/52-week-high story, which tends to attract technical traders and fund flows. Read More.
- Neutral Sentiment: Institutional repositioning — Recent 3Q filings show large hedge-fund buys (Arrowstreet, Schroder, Millennium, etc.), indicating strong institutional exposure; this is supportive but not an immediate catalyst. Read More.
- Negative Sentiment: Insider selling — Multiple insiders sold significant blocks this week (CEO Oleg Khaykin and SVP Gary Staley among others). Large Form 4 sales can weigh on near-term sentiment even though insiders retain sizable holdings: CEO sale (Feb 5) Read More., CEO sale (Feb 4) Read More., SVP Gary W. Staley filings Read More. and Read More., EVP Paul McNab sale Read More..
Analyst Upgrades and Downgrades
VIAV has been the topic of several recent analyst reports. UBS Group lifted their price objective on Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Stifel Nicolaus raised their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Susquehanna raised their price objective on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Finally, B. Riley boosted their price objective on shares of Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, January 26th. 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.13.
Get Our Latest Analysis on Viavi Solutions
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.
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