Viavi Solutions (NASDAQ:VIAV) Director Sells $683,600.00 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) Director Donald Colvin sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $17.09, for a total transaction of $683,600.00. Following the completion of the sale, the director directly owned 148,524 shares in the company, valued at $2,538,275.16. This represents a 21.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Viavi Solutions Stock Up 4.1%

VIAV stock traded up $0.69 during mid-day trading on Wednesday, hitting $17.45. 5,134,530 shares of the company were exchanged, compared to its average volume of 2,617,782. The firm has a fifty day simple moving average of $12.86 and a 200 day simple moving average of $10.95. The company has a market capitalization of $3.89 billion, a PE ratio of 249.29 and a beta of 0.90. Viavi Solutions Inc. has a twelve month low of $8.10 and a twelve month high of $17.99. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. The business 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 company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 earnings per share. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. On average, research analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VIAV. B. Riley upgraded Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, October 30th. UBS Group boosted their target price on shares of Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Viavi Solutions in a report on Wednesday, October 8th. Argus lifted their price target on shares of Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Susquehanna raised shares of Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price objective for the company in a research report on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and a consensus price target of $16.89.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in shares of Viavi Solutions by 33.6% during the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock valued at $42,000 after purchasing an additional 825 shares during the period. Family Legacy Financial Solutions LLC bought a new position in Viavi Solutions in the 2nd quarter valued at about $43,000. Covestor Ltd increased its stake in Viavi Solutions by 22.9% during the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after buying an additional 676 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Viavi Solutions by 32.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after buying an additional 898 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Viavi Solutions in the 1st quarter worth approximately $55,000. Institutional investors own 95.54% of the company’s stock.

About Viavi Solutions

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.