Viavi Solutions (NASDAQ:VIAV) Director Richard John Burns Sells 3,384 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) Director Richard John Burns sold 3,384 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $18.76, for a total transaction of $63,483.84. Following the completion of the transaction, the director owned 3,384 shares in the company, valued at approximately $63,483.84. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Viavi Solutions Trading Up 1.3%

Shares of NASDAQ:VIAV traded up $0.26 during midday trading on Thursday, reaching $19.46. The company’s stock had a trading volume of 1,352,630 shares, compared to its average volume of 2,744,303. Viavi Solutions Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $19.73. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.74 and a current ratio of 1.99. The firm has a 50 day moving average price of $15.73 and a two-hundred day moving average price of $12.38. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 278.04 and a beta of 0.96.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Viavi Solutions had a return on equity of 10.70% and a net margin of 1.33%.The business had revenue of $299.10 million during the quarter, compared to the consensus estimate of $294.35 million. During the same period in the previous year, the company posted $0.06 earnings per share. The firm’s revenue for the quarter 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, analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On Viavi Solutions

A number of hedge funds have recently bought and sold shares of VIAV. GAMMA Investing LLC grew its stake in shares of Viavi Solutions by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after acquiring an additional 825 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Viavi Solutions during the 3rd quarter worth $44,000. Covestor Ltd raised its stake in shares of Viavi Solutions by 22.9% during the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 676 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Viavi Solutions by 32.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after buying an additional 898 shares during the last quarter. Finally, Family Legacy Financial Solutions LLC bought a new position in Viavi Solutions during the second quarter valued at about $43,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Morgan Stanley upgraded shares of Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 price objective on the stock in a report on Tuesday, September 2nd. B. Riley upgraded Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday. Finally, Argus increased their target price on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and an average target price of $16.89.

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.