Viavi Solutions (NASDAQ:VIAV) SVP Luke Scrivanich Sells 23,911 Shares of Stock

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Luke Scrivanich sold 23,911 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $36.37, for a total value of $869,643.07. Following the transaction, the senior vice president directly owned 39,598 shares in the company, valued at $1,440,179.26. The trade was a 37.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Viavi Solutions Stock Performance

VIAV stock opened at $36.29 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. Viavi Solutions Inc. has a 1 year low of $11.09 and a 1 year high of $60.43. The company has a market cap of $8.95 billion, a P/E ratio of -241.92 and a beta of 1.22. The stock’s fifty day moving average price is $40.88 and its 200-day moving average price is $40.97.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $443.10 million for the quarter, compared to the consensus estimate of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.Viavi Solutions’s revenue was up 52.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities analysts forecast that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VIAV has been the topic of several recent research reports. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Susquehanna upped their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a report on Wednesday, July 1st. Stifel Nicolaus increased their price target on shares of Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a research note on Wednesday, August 19th. Finally, UBS Group cut their price objective on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $49.88.

Institutional Trading of Viavi Solutions

Several institutional investors have recently made changes to their positions in VIAV. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Viavi Solutions during the second quarter valued at $707,000. California State Teachers Retirement System raised its position in Viavi Solutions by 4,790.6% during the second quarter. California State Teachers Retirement System now owns 12,773,316 shares of the communications equipment provider’s stock valued at $609,926,000 after purchasing an additional 12,512,136 shares during the period. Greenland Capital Management LP bought a new stake in shares of Viavi Solutions in the 2nd quarter valued at approximately $530,000. HB Wealth Management LLC bought a new stake in shares of Viavi Solutions in the 2nd quarter valued at approximately $305,000. Finally, AlphaGrep UK Ltd purchased a new position in shares of Viavi Solutions in the 2nd quarter worth approximately $719,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

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.