Viavi Solutions (NASDAQ:VIAV) Trading Down 8% – Time to Sell?

Viavi Solutions Inc. (NASDAQ:VIAV)’s share price was down 8% on Friday . The stock traded as low as $31.61 and last traded at $31.5010. Approximately 3,386,965 shares were traded during trading, a decline of 36% from the average daily volume of 5,315,372 shares. The stock had previously closed at $34.25.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VIAV shares. Stifel Nicolaus increased their price target on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 29th. B. Riley Financial increased their target price on Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Rosenblatt Securities raised their price objective on shares of Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Needham & Company LLC upped their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Viavi Solutions Trading Down 8.2%

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 business’s 50-day moving average is $25.89 and its two-hundred day moving average is $19.01. The firm has a market cap of $7.27 billion, a P/E ratio of -174.63 and a beta of 0.92.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, beating 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 business’s revenue was up 36.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 earnings per share. 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 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Gary W. Staley sold 24,237 shares of Viavi Solutions stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $23.93, for a total value of $579,991.41. Following the sale, the senior vice president directly owned 136,267 shares in the company, valued at $3,260,869.31. This trade represents a 15.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kevin Christopher Siebert sold 7,264 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $34.78, for a total transaction of $252,641.92. Following the completion of the transaction, the senior vice president owned 28,384 shares of the company’s stock, valued at approximately $987,195.52. This trade represents a 20.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 485,772 shares of company stock valued at $12,736,803 in the last three months. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viavi Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming bought a new position in Viavi Solutions in the 4th quarter worth approximately $34,000. GAMMA Investing LLC raised its stake 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 in the last quarter. Johnson Financial Group Inc. acquired a new stake in Viavi Solutions in the third quarter worth about $44,000. Covestor Ltd lifted its holdings in Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 676 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in 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 valued at $47,000 after buying an additional 898 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

About Viavi Solutions

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.