Viavi Solutions (NASDAQ:VIAV) Trading Down 8.3% – Here’s Why

Viavi Solutions Inc. (NASDAQ:VIAV) shares fell 8.3% during mid-day trading on Thursday . The company traded as low as $48.24 and last traded at $48.0560. 727,035 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 5,999,373 shares. The stock had previously closed at $52.42.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VIAV. Weiss Ratings upgraded Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. B. Riley Financial increased their target price on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 24th. Susquehanna upped their price objective on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a research note on Thursday, April 30th. Needham & Company LLC upped their price objective on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Rosenblatt Securities upped their price objective on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Viavi Solutions has an average rating of “Moderate Buy” and an average target price of $39.25.

Viavi Solutions Trading Down 1.6%

The stock has a market cap of $12.06 billion, a price-to-earnings ratio of -214.17 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61. The company’s 50 day simple moving average is $45.29 and its two-hundred day simple moving average is $30.52.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $406.80 million during the quarter, compared to the consensus estimate of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Research analysts expect that Viavi Solutions Inc. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Viavi Solutions news, CEO Oleg Khaykin sold 136,547 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $51.82, for a total value of $7,075,865.54. Following the completion of the sale, the chief executive officer directly owned 1,188,798 shares of the company’s stock, valued at $61,603,512.36. The trade was a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Luke M. Scrivanich sold 10,693 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $53.00, for a total transaction of $566,729.00. Following the completion of the sale, the senior vice president directly owned 39,287 shares of the company’s stock, valued at $2,082,211. This represents a 21.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 450,369 shares of company stock valued at $23,789,119. 1.80% of the stock is owned by company insiders.

Institutional Trading of Viavi Solutions

Several large investors have recently added to or reduced their stakes in the business. Capital World Investors grew its position in Viavi Solutions by 4.4% in the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock worth $278,356,000 after acquiring an additional 664,956 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Viavi Solutions by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock worth $86,875,000 after buying an additional 231,570 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Viavi Solutions by 0.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock worth $118,915,000 after buying an additional 33,463 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Viavi Solutions by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock worth $95,373,000 after buying an additional 20,776 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Viavi Solutions by 116.0% during the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after buying an additional 2,045,702 shares during the period. 95.54% of the stock is owned by institutional investors.

About Viavi Solutions

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.