Luke Scrivanich Sells 11,873 Shares of Viavi Solutions (NASDAQ:VIAV) Stock

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Luke Scrivanich sold 11,873 shares of Viavi Solutions stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $11.18, for a total value of $132,740.14. Following the transaction, the senior vice president directly owned 66,836 shares in the company, valued at approximately $747,226.48. The trade was a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Viavi Solutions Price Performance

NASDAQ:VIAV opened at $11.50 on Thursday. The business’s 50-day moving average price is $10.50 and its 200 day moving average price is $10.29. The firm has a market cap of $2.57 billion, a P/E ratio of 71.88 and a beta of 0.91. Viavi Solutions Inc. has a 52-week low of $7.80 and a 52-week high of $12.91. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $290.50 million for the quarter, compared to analyst estimates of $285.19 million. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.Viavi Solutions’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 earnings per share. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, sell-side analysts predict that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viavi Solutions

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Viavi Solutions by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider’s stock worth $340,624,000 after acquiring an additional 540,045 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Viavi Solutions by 0.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,560,567 shares of the communications equipment provider’s stock worth $118,173,000 after acquiring an additional 36,172 shares during the period. Schroder Investment Management Group boosted its position in Viavi Solutions by 16.6% during the 2nd quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock worth $82,709,000 after acquiring an additional 1,166,547 shares during the period. Woodline Partners LP boosted its position in Viavi Solutions by 27.6% during the 1st quarter. Woodline Partners LP now owns 4,384,150 shares of the communications equipment provider’s stock worth $49,059,000 after acquiring an additional 948,472 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Viavi Solutions by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,358,676 shares of the communications equipment provider’s stock worth $37,584,000 after acquiring an additional 23,783 shares during the period. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VIAV has been the topic of a number of research analyst reports. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 13th. B. Riley increased their price target on Viavi Solutions from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. UBS Group increased their price target on Viavi Solutions from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Susquehanna upgraded Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price target for the company in a research report on Friday, August 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $13.50 price target on shares of Viavi Solutions in a research report on Friday, June 20th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.50.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.