Viavi Solutions (NASDAQ:VIAV) SVP Gary Staley Sells 24,237 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Gary Staley sold 24,237 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $23.93, for a total transaction of $579,991.41. Following the completion of the transaction, the senior vice president directly owned 136,267 shares of the company’s stock, valued at approximately $3,260,869.31. This trade represents a 15.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Viavi Solutions Trading Up 3.9%

Shares of VIAV stock opened at $26.30 on Friday. The stock has a market cap of $6.09 billion, a P/E ratio of -144.05 and a beta of 0.96. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46. Viavi Solutions Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $26.84. The business has a fifty day simple moving average of $19.16 and a 200-day simple moving average of $15.11.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The firm had revenue of $369.30 million during the quarter, compared to the consensus estimate of $365.25 million. During the same period in the previous year, the firm posted $0.13 EPS. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VIAV. Handelsbanken Fonder AB grew its stake in Viavi Solutions by 25.6% during the 4th quarter. Handelsbanken Fonder AB now owns 88,810 shares of the communications equipment provider’s stock valued at $1,583,000 after purchasing an additional 18,100 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Viavi Solutions by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 43,083 shares of the communications equipment provider’s stock valued at $768,000 after buying an additional 1,326 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Viavi Solutions by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock worth $910,000 after buying an additional 800 shares during the last quarter. Madison Asset Management LLC bought a new stake in shares of Viavi Solutions in the fourth quarter worth $3,012,000. Finally, Versor Investments LP acquired a new stake in Viavi Solutions in the fourth quarter valued at $599,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 18th. Needham & Company LLC upped their price target on shares of Viavi Solutions from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. UBS Group increased their target price on Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Rosenblatt Securities set a $27.00 price target on Viavi Solutions in a research report on Thursday, January 29th. Finally, Stifel Nicolaus raised their price objective on Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.13.

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.