Viavi Solutions (NASDAQ:VIAV) EVP Paul Mcnab Sells 11,032 Shares of Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul McNab sold 11,032 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $38.97, for a total transaction of $429,917.04. Following the transaction, the executive vice president directly owned 25,639 shares of the company’s stock, valued at approximately $999,151.83. This represents a 30.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, August 10th, Paul McNab sold 1,595 shares of Viavi Solutions stock. The shares were sold at an average price of $37.37, for a total value of $59,605.15.

Viavi Solutions Trading Up 3.6%

Viavi Solutions stock opened at $38.75 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. The business’s 50-day simple moving average is $38.96 and its 200-day simple moving average is $41.48. The firm has a market capitalization of $9.56 billion, a PE ratio of -258.32 and a beta of 1.22. Viavi Solutions Inc. has a 52 week low of $11.93 and a 52 week high of $60.43.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. WPG Advisers LLC boosted its stake in Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 380 shares in the last quarter. Silvant Capital Management LLC acquired a new position in shares of Viavi Solutions in the 2nd quarter valued at $33,000. State of Wyoming acquired a new position in shares of Viavi Solutions in the 4th quarter valued at $34,000. Persistent Asset Partners Ltd bought a new position in shares of Viavi Solutions during the 2nd quarter worth about $38,000. Finally, Carolina Wealth Advisors LLC lifted its holdings in shares of Viavi Solutions by 83.2% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after acquiring an additional 387 shares during the period. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VIAV. Weiss Ratings downgraded shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. B. Riley Financial cut their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Susquehanna increased their price target 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. Zacks Research upgraded shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price objective on shares of Viavi Solutions in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and an average price target of $55.43.

Viavi Solutions Company Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks and optical systems. Its products and software help telecommunications providers, network equipment manufacturers, data centers, government organizations, and other enterprises build, validate, monitor, and maintain wired and wireless networks.

The company’s offerings include instruments and software for fiber-optic testing, network installation and certification, service activation, network performance monitoring, troubleshooting, and telecommunications equipment testing.