Viavi Solutions (NASDAQ:VIAV) Director Laura Black Sells 71,000 Shares of Stock

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

Viavi Solutions Price Performance

NASDAQ VIAV opened at $41.37 on Wednesday. Viavi Solutions Inc. has a 1 year low of $10.44 and a 1 year high of $60.43. The company has a fifty day simple moving average of $43.08 and a 200 day simple moving average of $40.20. 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 $9.68 billion, a P/E ratio of -275.78 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $432.62 million. During the same quarter last year, the firm posted $0.13 EPS. The business’s quarterly 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, sell-side analysts predict that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VIAV. UBS Group decreased their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday. B. Riley Financial cut their price target on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and a consensus price target of $49.88.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds have recently made changes to their positions in VIAV. BlackRock Inc. acquired a new stake in shares of Viavi Solutions during the 2nd quarter worth approximately $1,228,529,000. Arrowstreet Capital Limited Partnership raised 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 valued at $84,258,000 after purchasing an additional 5,389,435 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Viavi Solutions in the second quarter valued at $134,922,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Viavi Solutions in the first quarter valued at $75,294,000. Finally, Invesco Ltd. lifted its position in Viavi Solutions by 116.0% in 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 during the period. Institutional investors own 95.54% of the company’s stock.

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.