Viavi Solutions (NASDAQ:VIAV) Director Sells $931,422.91 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) Director Keith Barnes sold 53,933 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $17.27, for a total transaction of $931,422.91. Following the sale, the director owned 125,151 shares of the company’s stock, valued at approximately $2,161,357.77. The trade was a 30.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Viavi Solutions Stock Up 0.6%

Shares of NASDAQ:VIAV opened at $17.54 on Friday. Viavi Solutions Inc. has a 12-month low of $8.10 and a 12-month high of $17.99. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. The stock’s 50-day moving average price is $13.11 and its 200-day moving average price is $11.04. The stock has a market capitalization of $3.91 billion, a P/E ratio of 250.57 and a beta of 0.96.

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

Wall Street Analyst Weigh In

VIAV has been the topic of several recent analyst reports. UBS Group raised their target price on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Rosenblatt Securities raised their price target on shares of Viavi Solutions from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viavi Solutions in a research note on Wednesday, October 8th. Susquehanna upgraded shares of Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 target price for the company in a report on Friday, August 8th. Finally, Morgan Stanley raised Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 target price on the stock in a research note on Tuesday, September 2nd. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Viavi Solutions has an average rating of “Moderate Buy” and a consensus price target of $16.89.

Institutional Trading of Viavi Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cookson Peirce & Co. Inc. purchased a new position in shares of Viavi Solutions during the 3rd quarter worth approximately $1,187,000. Public Sector Pension Investment Board boosted its position in shares of Viavi Solutions by 14.4% during the third quarter. Public Sector Pension Investment Board now owns 870,753 shares of the communications equipment provider’s stock valued at $11,050,000 after purchasing an additional 109,741 shares in the last quarter. Leuthold Group LLC purchased a new stake in Viavi Solutions in the third quarter worth $276,000. Prospera Financial Services Inc bought a new stake in shares of Viavi Solutions during the 3rd quarter valued at $258,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Viavi Solutions by 12.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 10,835 shares of the communications equipment provider’s stock worth $136,000 after buying an additional 1,224 shares during the period. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

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.