Viavi Solutions (NASDAQ:VIAV) SVP Kevin Christopher Siebert Sells 8,255 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Kevin Christopher Siebert sold 8,255 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $54.02, for a total transaction of $445,935.10. Following the completion of the sale, the senior vice president directly owned 20,129 shares in the company, valued at approximately $1,087,368.58. The trade was a 29.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kevin Christopher Siebert also recently made the following trade(s):

• On Monday, March 2nd, Kevin Christopher Siebert sold 7,264 shares of Viavi Solutions stock. The shares were sold at an average price of $34.78, for a total transaction of $252,641.92.

Viavi Solutions Price Performance

NASDAQ VIAV traded down $2.84 during trading hours on Monday, reaching $52.49. The company’s stock had a trading volume of 6,738,968 shares, compared to its average volume of 5,901,963. The stock has a market cap of $12.15 billion, a PE ratio of -218.70 and a beta of 1.22. Viavi Solutions Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $60.43. The company’s 50-day moving average is $36.28 and its two-hundred day moving average is $24.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $406.80 million for the quarter, compared to analysts’ expectations of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The firm’s revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Analysts forecast that Viavi Solutions Inc. will post 0.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Needham & Company LLC increased 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. UBS Group raised their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday. Stifel Nicolaus raised their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Susquehanna raised their price target on shares of Viavi Solutions from $25.00 to $65.00 and gave the stock a “positive” rating in a research note on Thursday. Finally, Rosenblatt Securities raised their price target on shares of Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in shares of Viavi Solutions by 6.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,131,435 shares of the communications equipment provider’s stock worth $37,654,000 after acquiring an additional 64,193 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Viavi Solutions by 8,243.2% during the 1st quarter. International Assets Investment Management LLC now owns 6,174 shares of the communications equipment provider’s stock worth $218,000 after acquiring an additional 6,100 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Viavi Solutions by 3.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,221 shares of the communications equipment provider’s stock worth $1,904,000 after acquiring an additional 1,964 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Viavi Solutions by 12,355.2% during the 1st quarter. Fifth Third Bancorp now owns 117,951 shares of the communications equipment provider’s stock worth $3,925,000 after acquiring an additional 117,004 shares during the period. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of Viavi Solutions during the 1st quarter worth about $50,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

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.