Viavi Solutions (NASDAQ:VIAV) EVP Sells $429,917.04 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul McNab sold 11,032 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $38.97, for a total value of $429,917.04. Following the sale, the executive vice president owned 25,639 shares of the company’s stock, valued at approximately $999,151.83. The trade was a 30.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 Price Performance

VIAV traded up $1.35 on Friday, hitting $38.75. 4,734,082 shares of the stock were exchanged, compared to its average volume of 6,059,019. Viavi Solutions Inc. has a 12 month low of $11.93 and a 12 month high of $60.43. The business has a 50-day moving average of $39.02 and a two-hundred day moving average of $41.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of -258.32 and a beta of 1.22.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Needham & Company LLC reduced their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Stifel Nicolaus boosted their price target on Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Rosenblatt Securities restated a “buy” rating and set a $70.00 price objective on shares of Viavi Solutions in a research report on Wednesday, August 19th. UBS Group reduced their price objective on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.43.

Institutional Trading of Viavi Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tidal Investments LLC lifted its stake in shares of Viavi Solutions by 697.1% in the 2nd quarter. Tidal Investments LLC now owns 52,009 shares of the communications equipment provider’s stock valued at $2,483,000 after acquiring an additional 45,484 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Viavi Solutions during the 2nd quarter worth $372,000. Integrated Wealth Concepts LLC bought a new stake in Viavi Solutions during the 2nd quarter worth $149,000. NewEdge Advisors LLC increased its holdings in Viavi Solutions by 309.4% in the 2nd quarter. NewEdge Advisors LLC now owns 1,130 shares of the communications equipment provider’s stock worth $54,000 after purchasing an additional 854 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in Viavi Solutions by 4.1% in the 2nd quarter. Arizona State Retirement System now owns 63,847 shares of the communications equipment provider’s stock worth $3,049,000 after purchasing an additional 2,540 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

About Viavi Solutions

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.