Richard Belluzzo Sells 15,775 Shares of Viavi Solutions (NASDAQ:VIAV) Stock

Viavi Solutions Inc. (NASDAQ:VIAV) Director Richard Belluzzo sold 15,775 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $26.85, for a total value of $423,558.75. Following the transaction, the director owned 211,850 shares of the company’s stock, valued at approximately $5,688,172.50. The trade was a 6.93% 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 Stock Up 0.1%

NASDAQ:VIAV traded up $0.02 on Wednesday, hitting $26.32. 2,394,271 shares of the company’s stock were exchanged, compared to its average volume of 4,832,838. The firm has a 50-day moving average price of $20.55 and a 200-day moving average price of $16.11. Viavi Solutions Inc. has a 52 week low of $8.10 and a 52 week high of $28.15. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32. The company has a market cap of $6.09 billion, a P/E ratio of -146.37 and a beta of 0.96.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The company had revenue of $369.30 million for the quarter, compared to analyst estimates of $365.25 million. During the same period in the previous year, the business earned $0.13 EPS. Viavi Solutions’s revenue for the quarter was up 36.4% compared to the same quarter last year. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VIAV has been the topic of several research reports. Susquehanna upped their target price on Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. Needham & Company LLC lifted their price objective on shares of Viavi Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Rosenblatt Securities set a $27.00 target price on shares of Viavi Solutions in a report on Thursday, January 29th. Stifel Nicolaus raised their price objective on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, B. Riley Financial boosted their target price on shares of Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Six research 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.13.

Institutional Trading of Viavi Solutions

Several hedge funds have recently bought and sold shares of VIAV. State of Wyoming purchased a new stake in Viavi Solutions in the 4th quarter valued at $34,000. GAMMA Investing LLC increased its position in shares of Viavi Solutions by 33.6% during the 3rd 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 last quarter. Johnson Financial Group Inc. bought a new stake in shares of Viavi Solutions during the 3rd quarter worth $44,000. Covestor Ltd boosted its holdings in shares of Viavi Solutions by 22.9% in the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after buying an additional 676 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Viavi Solutions by 32.0% in 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 during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Company Profile

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.