Viavi Solutions (NASDAQ:VIAV) EVP Ilan Daskal Sells 56,290 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Ilan Daskal sold 56,290 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $36.29, for a total transaction of $2,042,764.10. Following the sale, the executive vice president directly owned 10,132 shares in the company, valued at approximately $367,690.28. This trade represents a 84.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $36.29 on Tuesday. The firm has a market capitalization of $8.95 billion, a PE ratio of -241.92 and a beta of 1.22. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $40.88 and a two-hundred day moving average price of $40.97. Viavi Solutions Inc. has a twelve month low of $11.09 and a twelve month high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly 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. The company had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company’s quarterly revenue was up 52.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Institutional Trading of Viavi Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Silvant Capital Management LLC bought a new position in Viavi Solutions in the 2nd quarter valued at $33,000. WPG Advisers LLC increased its holdings in shares of Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 380 shares during the period. Persistent Asset Partners Ltd bought a new position in shares of Viavi Solutions in the second quarter worth $38,000. Carolina Wealth Advisors LLC raised its position in shares of Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after buying an additional 387 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Viavi Solutions in the second quarter worth $57,000. Institutional investors own 95.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VIAV shares. Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. B. Riley Financial cut their price target on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. UBS Group reduced their price target on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Wall Street Zen lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Stifel Nicolaus increased their price objective on Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Viavi Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.88.

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.