Viavi Solutions (NASDAQ:VIAV) SVP Sells $442,348.50 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Kevin Christopher Siebert sold 24,225 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $18.26, for a total value of $442,348.50. Following the sale, the senior vice president owned 49,225 shares in the company, valued at approximately $898,848.50. This trade represents a 32.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kevin Christopher Siebert also recently made the following trade(s):

• On Monday, November 3rd, Kevin Christopher Siebert sold 11,148 shares of Viavi Solutions stock. The shares were sold at an average price of $17.29, for a total value of $192,748.92.
• On Thursday, September 25th, Kevin Christopher Siebert sold 9,927 shares of Viavi Solutions stock. The stock was sold at an average price of $12.17, for a total value of $120,811.59.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV traded up $0.25 during midday trading on Monday, reaching $18.57. The company’s stock had a trading volume of 3,700,372 shares, compared to its average volume of 2,724,063. The business’s fifty day simple moving average is $15.35 and its 200-day simple moving average is $12.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.74. Viavi Solutions Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.90. The company has a market capitalization of $4.14 billion, a P/E ratio of 264.64 and a beta of 0.96.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share (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 the consensus estimate of $294.35 million. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.70%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. 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 fiscal year.

Institutional Investors Weigh In On Viavi Solutions

Hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in shares of Viavi Solutions during the second quarter worth about $7,764,000. Graham Capital Management L.P. acquired a new stake in Viavi Solutions in the 1st quarter valued at $1,447,000. Versor Investments LP bought a new stake in Viavi Solutions during the 1st quarter worth about $1,225,000. Schroder Investment Management Group boosted its stake in shares of Viavi Solutions by 16.6% during the 2nd quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock worth $82,709,000 after buying an additional 1,166,547 shares during the last quarter. Finally, AlphaQuest LLC increased its position in shares of Viavi Solutions by 344.8% in the second quarter. AlphaQuest LLC now owns 22,032 shares of the communications equipment provider’s stock valued at $222,000 after acquiring an additional 17,079 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VIAV has been the topic of a number of recent research reports. Needham & Company LLC increased their price objective on Viavi Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Rosenblatt Securities upped their price target on Viavi Solutions from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Argus lifted their price objective on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Morgan Stanley upgraded shares of Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 target price on the stock in a research report on Tuesday, September 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $15.00 price target (up from $13.00) on shares of Viavi Solutions in a research note on Monday, October 13th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.89.

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.