Luke Scrivanich Sells 9,765 Shares of Viavi Solutions (NASDAQ:VIAV) Stock

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Luke Scrivanich sold 9,765 shares of Viavi Solutions stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $17.45, for a total transaction of $170,399.25. Following the transaction, the senior vice president directly owned 61,820 shares in the company, valued at approximately $1,078,759. This trade represents a 13.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $17.44 on Thursday. The firm’s fifty day simple moving average is $12.98 and its 200 day simple moving average is $11.00. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. Viavi Solutions Inc. has a twelve month low of $8.10 and a twelve month high of $17.99. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 249.14 and a beta of 0.96.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $294.35 million. Viavi Solutions had a return on equity of 10.68% and a net margin of 1.33%.Viavi Solutions’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 EPS. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. As a group, equities research analysts expect that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on VIAV shares. B. Riley upgraded shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, October 30th. Argus raised their price objective on shares of Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday. Rosenblatt Securities boosted their target price on shares of Viavi Solutions from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Morgan Stanley raised shares of Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 price target on the stock in a research report on Tuesday, September 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $15.00 price target (up from $13.00) on shares of Viavi Solutions in a research note on Monday, October 13th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.89.

Institutional Trading of Viavi Solutions

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Viavi Solutions by 33.6% during the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock valued at $42,000 after buying an additional 825 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new position in Viavi Solutions during the second quarter valued at about $43,000. Covestor Ltd grew its holdings in Viavi Solutions by 22.9% during the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after acquiring an additional 676 shares during the period. Nisa Investment Advisors LLC grew its holdings in Viavi Solutions by 32.0% during the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after acquiring an additional 898 shares during the period. Finally, AlphaQuest LLC bought a new stake in Viavi Solutions in the first quarter worth about $55,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.