Viavi Solutions (NASDAQ:VIAV) SVP Luke Scrivanich Sells 9,765 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Luke Scrivanich sold 9,765 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $17.45, for a total value of $170,399.25. Following the sale, the senior vice president owned 61,820 shares of the company’s stock, valued at approximately $1,078,759. This trade represents a 13.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Viavi Solutions Price Performance

Shares of VIAV stock traded down $0.78 during trading hours on Tuesday, reaching $16.76. The company had a trading volume of 4,783,948 shares, compared to its average volume of 2,608,888. 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 fifty day moving average of $12.75 and a 200-day 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.

Viavi Solutions (NASDAQ:VIAV) last posted 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 analyst estimates of $294.35 million. Viavi Solutions had a return on equity of 10.68% and a net margin of 1.33%.The business’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. On average, equities analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Viavi Solutions in a research report on Wednesday, October 8th. B. Riley upgraded Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, October 30th. Rosenblatt Securities increased their price objective on Viavi Solutions from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group increased their price objective on Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Stifel Nicolaus reiterated 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. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.11.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Viavi Solutions by 7,293.1% in the first quarter. Victory Capital Management Inc. now owns 3,083,135 shares of the communications equipment provider’s stock valued at $34,500,000 after acquiring an additional 3,041,432 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Viavi Solutions by 16.6% in 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 acquiring an additional 1,166,547 shares in the last quarter. Tributary Capital Management LLC raised its stake in shares of Viavi Solutions by 92.9% in 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 acquiring an additional 1,063,330 shares in the last quarter. Woodline Partners LP raised its stake in shares of Viavi Solutions by 27.6% in the first quarter. Woodline Partners LP now owns 4,384,150 shares of the communications equipment provider’s stock valued at $49,059,000 after acquiring an additional 948,472 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of Viavi Solutions by 1,658.2% in the second quarter. Balyasny Asset Management L.P. now owns 889,877 shares of the communications equipment provider’s stock valued at $8,961,000 after acquiring an additional 839,265 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

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.