Insider Selling: Viavi Solutions (NASDAQ:VIAV) Director Sells $3,274,520.00 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) Director Laura Black sold 71,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the sale, the director directly owned 71,497 shares of the company’s stock, valued at $3,297,441.64. The trade was a 49.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Viavi Solutions Stock Performance

VIAV opened at $38.56 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The company has a market cap of $9.51 billion, a price-to-earnings ratio of -257.05 and a beta of 1.21. The company’s 50 day moving average is $42.68 and its 200 day moving average is $40.40. Viavi Solutions Inc. has a 12-month low of $10.49 and a 12-month high of $60.43.

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

Wall Street Analysts Forecast Growth

VIAV has been the topic of a number of recent research reports. B. Riley Financial decreased their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Zacks Research upgraded Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Stifel Nicolaus raised their price objective on Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, UBS Group lowered their price objective on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $49.88.

Institutional Trading of Viavi Solutions

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Viavi Solutions in the second quarter valued at about $1,228,529,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Viavi Solutions by 431.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after acquiring an additional 5,389,435 shares during the period. Bank of America Corp DE bought a new position in shares of Viavi Solutions in the second quarter worth about $134,922,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Viavi Solutions during the first quarter worth about $75,294,000. Finally, Invesco Ltd. grew its position in shares of Viavi Solutions by 116.0% during the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after purchasing an additional 2,045,702 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors.

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.