Insider Selling: Viavi Solutions (NASDAQ:VIAV) EVP Sells 12,617 Shares of Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 12,617 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $17.41, for a total transaction of $219,661.97. Following the completion of the transaction, the executive vice president directly owned 28,044 shares in the company, valued at approximately $488,246.04. The trade was a 31.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Viavi Solutions Trading Down 4.4%

Shares of NASDAQ VIAV traded down $0.78 during midday trading on Tuesday, reaching $16.76. 4,783,948 shares of the stock were exchanged, compared to its average volume of 2,608,888. The business has a 50-day simple moving average of $12.75 and a two-hundred day simple moving average of $10.90. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 239.43 and a beta of 0.90. Viavi Solutions Inc. has a 12 month low of $8.10 and a 12 month high of $17.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VIAV. Weiss Ratings reissued a “hold (c-)” rating on shares of Viavi Solutions in a research note on Wednesday, October 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $15.00 price objective (up from $13.00) on shares of Viavi Solutions in a research report on Monday, October 13th. UBS Group boosted their price objective on shares of Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Rosenblatt Securities boosted their price objective on shares of Viavi Solutions from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Susquehanna raised shares of Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price objective on the stock in a research report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.11.

Institutional Investors Weigh In On Viavi Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH lifted its position in Viavi Solutions by 45.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,455,124 shares of the communications equipment provider’s stock worth $18,466,000 after buying an additional 452,048 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of Viavi Solutions by 29.6% in the 3rd quarter. Keybank National Association OH now owns 24,647 shares of the communications equipment provider’s stock valued at $313,000 after buying an additional 5,633 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Viavi Solutions by 23.7% in the 3rd quarter. AlphaQuest LLC now owns 27,245 shares of the communications equipment provider’s stock valued at $346,000 after buying an additional 5,213 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Viavi Solutions by 1.9% in the 3rd quarter. Arizona State Retirement System now owns 66,058 shares of the communications equipment provider’s stock valued at $838,000 after buying an additional 1,263 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Viavi Solutions by 39.7% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 224,014 shares of the communications equipment provider’s stock valued at $2,843,000 after buying an additional 63,605 shares during the last quarter. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Company Profile

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.