Viavi Solutions (NASDAQ:VIAV) Trading Down 8.6% After Insider Selling

Viavi Solutions Inc. (NASDAQ:VIAV) shares traded down 8.6% on Monday after an insider sold shares in the company. The stock traded as low as $35.69 and last traded at $35.4050. 1,020,770 shares changed hands during trading, a decline of 83% from the average daily volume of 6,029,052 shares. The stock had previously closed at $38.75.

Specifically, EVP Paul McNab sold 11,032 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $38.97, for a total value of $429,917.04. Following the sale, the executive vice president owned 25,639 shares of the company’s stock, valued at $999,151.83. The trade was a 30.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group reduced their price objective on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. B. Riley Financial dropped their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Stifel Nicolaus raised their price target on shares of Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings downgraded Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 8th. Finally, Needham & Company LLC lowered their price objective on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Viavi Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.43.

Viavi Solutions Stock Performance

The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of -235.99 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. The stock has a 50 day moving average price of $38.96 and a two-hundred day moving average price of $41.58.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The firm’s revenue for the quarter was up 52.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, analysts predict that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Viavi Solutions

A number of institutional investors have recently modified their holdings of VIAV. BlackRock Inc. acquired a new position in shares of Viavi Solutions during the second quarter worth approximately $1,228,529,000. Capital World Investors increased its holdings in shares of Viavi Solutions by 4.4% in the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock valued at $278,356,000 after purchasing an additional 664,956 shares in the last quarter. California State Teachers Retirement System raised its position in Viavi Solutions by 4,790.6% in the 2nd quarter. California State Teachers Retirement System now owns 12,773,316 shares of the communications equipment provider’s stock worth $609,926,000 after purchasing an additional 12,512,136 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Viavi Solutions by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock worth $86,875,000 after purchasing an additional 231,570 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Viavi Solutions by 0.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock worth $118,915,000 after buying an additional 33,463 shares in the last quarter. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Company Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks and optical systems. Its products and software help telecommunications providers, network equipment manufacturers, data centers, government organizations, and other enterprises build, validate, monitor, and maintain wired and wireless networks.

The company’s offerings include instruments and software for fiber-optic testing, network installation and certification, service activation, network performance monitoring, troubleshooting, and telecommunications equipment testing.