Paul Mcnab Sells 11,032 Shares of Viavi Solutions (NASDAQ:VIAV) Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul McNab sold 11,032 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $38.97, for a total transaction of $429,917.04. Following the completion of the sale, the executive vice president owned 25,639 shares of the company’s stock, valued at approximately $999,151.83. This represents a 30.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $59,605.15.

Viavi Solutions Stock Up 3.6%

Viavi Solutions stock opened at $38.75 on Friday. 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 company’s 50-day moving average is $38.96 and its 200-day moving average is $41.48. The firm has a market capitalization of $9.56 billion, a PE ratio of -258.32 and a beta of 1.22. Viavi Solutions Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) 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 business had revenue of $443.10 million during the quarter, compared to the consensus estimate of $432.62 million. During the same period last year, the business posted $0.13 EPS. Viavi Solutions’s 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. Sell-side analysts anticipate that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VIAV. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research report on Wednesday, August 19th. Weiss Ratings cut Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. 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. UBS Group reduced their price objective on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Finally, Susquehanna lifted their price objective on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research report on Wednesday, July 1st. One research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.43.

Institutional Investors Weigh In On Viavi Solutions

A number of institutional investors have recently made changes to their positions in VIAV. Tidal Investments LLC boosted its holdings in shares of Viavi Solutions by 697.1% during the second quarter. Tidal Investments LLC now owns 52,009 shares of the communications equipment provider’s stock worth $2,483,000 after acquiring an additional 45,484 shares during the period. WINTON GROUP Ltd bought a new position in shares of Viavi Solutions during the second quarter worth approximately $372,000. Integrated Wealth Concepts LLC acquired a new stake in Viavi Solutions during the 2nd quarter worth approximately $149,000. NewEdge Advisors LLC lifted its holdings in Viavi Solutions by 309.4% during 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 during the last quarter. Finally, Arizona State Retirement System boosted its stake 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 valued at $3,049,000 after purchasing an additional 2,540 shares during the period. 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.