Viavi Solutions (NASDAQ:VIAV) Stock Price Down 8.4% – What’s Next?

Viavi Solutions Inc. (NASDAQ:VIAV) shares dropped 8.4% during mid-day trading on Friday . The stock traded as low as $28.29 and last traded at $28.41. Approximately 3,776,248 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 5,351,529 shares. The stock had previously closed at $31.00.

Analyst Ratings Changes

Several research analysts have weighed in on VIAV shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a research report on Monday, December 29th. Stifel Nicolaus upped their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. B. Riley Financial raised their price target on shares of Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 18th. Finally, Susquehanna boosted their price objective on shares of Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Viavi Solutions has a consensus rating of “Moderate Buy” and an average target price of $23.13.

Viavi Solutions Stock Down 8.5%

The firm’s 50-day moving average price is $23.38 and its 200 day moving average price is $17.65. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of -157.55 and a beta of 0.92.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $369.30 million for the quarter, compared to analysts’ expectations of $365.25 million. During the same period last year, the firm posted $0.13 earnings per share. The firm’s quarterly revenue 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. On average, sell-side analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, CEO Oleg Khaykin sold 74,315 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total transaction of $1,967,861.20. Following the completion of the transaction, the chief executive officer owned 1,849,437 shares of the company’s stock, valued at approximately $48,973,091.76. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Gary W. Staley sold 24,237 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $23.93, for a total transaction of $579,991.41. Following the completion of the transaction, the senior vice president directly owned 136,267 shares of the company’s stock, valued at $3,260,869.31. This trade represents a 15.10% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 516,765 shares of company stock valued at $13,306,119. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

A number of institutional investors have recently added to or reduced their stakes in VIAV. State of Wyoming acquired a new stake in Viavi Solutions in the fourth quarter valued at approximately $34,000. 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 worth $42,000 after buying an additional 825 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of Viavi Solutions in the 3rd quarter valued at $44,000. Covestor Ltd boosted its holdings in shares of 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 acquiring an additional 676 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings 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 valued at $47,000 after acquiring an additional 898 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 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.