Insider Selling: Viavi Solutions (NASDAQ:VIAV) EVP Sells 56,290 Shares of Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Ilan Daskal sold 56,290 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $36.29, for a total transaction of $2,042,764.10. Following the completion of the sale, the executive vice president directly owned 10,132 shares in the company, valued at $367,690.28. This represents a 84.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Viavi Solutions Price Performance

VIAV stock traded down $0.42 during midday trading on Monday, reaching $36.12. The company had a trading volume of 1,628,303 shares, compared to its average volume of 6,116,666. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. Viavi Solutions Inc. has a 1 year low of $11.09 and a 1 year high of $60.43. The company has a market capitalization of $8.91 billion, a P/E ratio of -240.78 and a beta of 1.22. The firm has a 50-day moving average price of $41.22 and a 200-day moving average price of $40.90.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating 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 analysts’ expectations of $432.62 million. During the same quarter last year, the company 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, research analysts anticipate that Viavi Solutions Inc. will post 1.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VIAV. WPG Advisers LLC boosted its holdings in Viavi Solutions by 96.2% during the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 380 shares during the period. Silvant Capital Management LLC bought a new stake in Viavi Solutions in the second quarter valued at approximately $33,000. State of Wyoming purchased a new stake in shares of Viavi Solutions during the fourth quarter valued at approximately $34,000. Persistent Asset Partners Ltd bought a new position in shares of Viavi Solutions in the second quarter worth approximately $38,000. Finally, Carolina Wealth Advisors LLC grew its holdings 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 worth $41,000 after purchasing an additional 387 shares during the last quarter. 95.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on VIAV. Needham & Company LLC cut their price objective on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Wall Street Zen cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday. Stifel Nicolaus boosted their target price on Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. UBS Group cut 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. Finally, Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.88.

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.