Viavi Solutions (NASDAQ:VIAV) EVP Sells $219,661.97 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 12,617 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $17.41, for a total value of $219,661.97. Following the completion of the transaction, the executive vice president owned 28,044 shares in the company, valued at approximately $488,246.04. The trade was a 31.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Viavi Solutions Price Performance

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

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VIAV shares. Susquehanna upgraded shares of Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price target on the stock in a research note on Friday, August 8th. Needham & Company LLC raised their price objective on Viavi Solutions from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Stifel Nicolaus reiterated a “buy” rating and set a $15.00 target price (up previously from $13.00) on shares of Viavi Solutions in a research report on Monday, October 13th. UBS Group boosted their target price on Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, Morgan Stanley raised Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 target price for the company in a research report on Tuesday, September 2nd. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.89.

Institutional Inflows and Outflows

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

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.