Insider Selling: Viavi Solutions (NASDAQ:VIAV) SVP Sells 35,866 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Luke Scrivanich sold 35,866 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $36.24, for a total transaction of $1,299,783.84. Following the completion of the transaction, the senior vice president directly owned 39,598 shares of the company’s stock, valued at $1,435,031.52. This represents a 47.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Viavi Solutions Stock Up 0.0%

VIAV traded up $0.01 during trading on Wednesday, reaching $36.41. 6,780,093 shares of the stock were exchanged, compared to its average volume of 6,051,182. The stock has a market cap of $8.98 billion, a P/E ratio of -242.72 and a beta of 1.22. Viavi Solutions Inc. has a twelve month low of $12.05 and a twelve month high of $60.43. The stock’s 50 day moving average price is $38.01 and its two-hundred day moving average price is $41.75. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly 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 firm had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter last year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities analysts expect that Viavi Solutions Inc. will post 1.42 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. WPG Advisers LLC grew its holdings in Viavi Solutions by 96.2% in the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 380 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in shares of Viavi Solutions during the second quarter worth $33,000. Persistent Asset Partners Ltd bought a new stake in shares of Viavi Solutions in the second quarter valued at about $38,000. Carolina Wealth Advisors LLC boosted its position in shares of Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after acquiring an additional 387 shares during the period. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Viavi Solutions in the first quarter valued at about $50,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Stifel Nicolaus set a $65.00 price target on Viavi Solutions in a research report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research report on Wednesday. Zacks Research upgraded Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Needham & Company LLC decreased 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. Finally, B. Riley Financial dropped their price target on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.43.

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.