Viavi Solutions (NASDAQ:VIAV) EVP Paul Mcnab Sells 1,595 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 1,595 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $37.37, for a total transaction of $59,605.15. Following the completion of the sale, the executive vice president directly owned 13,876 shares in the company, valued at $518,546.12. This represents a 10.31% 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 Price Performance

Shares of VIAV opened at $38.40 on Wednesday. The stock has a market cap of $8.98 billion, a PE ratio of -255.98 and a beta of 1.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. Viavi Solutions Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $60.43. The firm’s 50-day simple moving average is $43.70 and its two-hundred day simple moving average is $39.37.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The firm had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. During the same period last year, the business earned $0.13 earnings per share. The business’s revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Analysts anticipate that Viavi Solutions Inc. will post 1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VIAV shares. UBS Group dropped their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Stifel Nicolaus raised their price target on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings lowered shares of Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 16th. Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, B. Riley Financial cut their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.88.

Institutional Trading of Viavi Solutions

A number of institutional investors have recently made changes to their positions in VIAV. Heron Bay Capital Management purchased a new position in shares of Viavi Solutions during the second quarter valued at approximately $508,000. Allworth Financial LP purchased a new stake in Viavi Solutions in the second quarter worth approximately $107,000. NFJ Investment Group LLC purchased a new stake in Viavi Solutions in the second quarter worth approximately $2,704,000. Silvant Capital Management LLC bought a new stake in Viavi Solutions in the 2nd quarter worth approximately $33,000. Finally, Vise Technologies Inc. bought a new stake in Viavi Solutions in the 2nd quarter worth approximately $933,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

About Viavi Solutions

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.