Viavi Solutions (NASDAQ:VIAV) EVP Sells 3,551 Shares of Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 3,551 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $32.89, for a total transaction of $116,792.39. Following the completion of the sale, the executive vice president owned 18,198 shares in the company, valued at $598,532.22. This represents a 16.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Paul Mcnab also recently made the following trade(s):

• On Monday, February 2nd, Paul Mcnab sold 4,638 shares of Viavi Solutions stock. The stock was sold at an average price of $25.80, for a total transaction of $119,660.40.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV traded up $5.75 during mid-day trading on Monday, hitting $35.46. 11,532,194 shares of the company’s stock traded hands, compared to its average volume of 5,156,014. The company’s 50-day moving average is $22.20 and its two-hundred day moving average is $17.12. 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 capitalization of $8.20 billion, a P/E ratio of -195.85 and a beta of 0.96. Viavi Solutions Inc. has a 1 year low of $8.10 and a 1 year high of $35.28.

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

Wall Street Analysts Forecast Growth

VIAV has been the topic of several analyst reports. Argus upped 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, November 5th. Needham & Company LLC boosted their price objective on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a report on Monday. Rosenblatt Securities set a $27.00 target price on Viavi Solutions in a research note on Thursday, January 29th. Stifel Nicolaus boosted their price objective on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Susquehanna raised their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $23.13.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VIAV. Lido Advisors LLC boosted its position in Viavi Solutions by 2.0% during the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock valued at $438,000 after purchasing an additional 473 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Viavi Solutions by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock valued at $580,000 after buying an additional 478 shares in the last quarter. 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 valued at $46,000 after buying an additional 676 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Viavi Solutions by 1.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock worth $910,000 after buying an additional 800 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Viavi Solutions by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after buying an additional 825 shares during the last quarter. 95.54% of the stock is owned by institutional investors.

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.