Viavi Solutions (NASDAQ:VIAV) Trading Down 5.4% – Here’s What Happened

Viavi Solutions Inc. (NASDAQ:VIAV)’s stock price dropped 5.4% during mid-day trading on Thursday . The stock traded as low as $49.87 and last traded at $50.2110. Approximately 2,039,202 shares were traded during trading, a decline of 66% from the average daily volume of 5,927,728 shares. The stock had previously closed at $53.06.

Wall Street Analyst Weigh In

VIAV has been the subject of several analyst reports. Susquehanna raised their target price on Viavi Solutions from $25.00 to $65.00 and gave the stock a “positive” rating in a research report on Thursday, April 30th. Wall Street Zen upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Stifel Nicolaus increased their price target on Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Needham & Company LLC increased their price target on Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, B. Riley Financial increased their price target on Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $39.25.

Viavi Solutions Stock Performance

The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61. The company has a 50 day moving average price of $43.54 and a 200 day moving average price of $29.38. The company has a market capitalization of $11.59 billion, a price-to-earnings ratio of -206.29 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $406.80 million during the quarter, compared to the consensus estimate of $393.80 million. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The firm’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period last year, the business posted $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Equities research analysts predict that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 8,255 shares of Viavi Solutions stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $54.02, for a total transaction of $445,935.10. Following the completion of the transaction, the senior vice president owned 20,129 shares in the company, valued at approximately $1,087,368.58. The trade was a 29.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Luke M. Scrivanich sold 10,693 shares of Viavi Solutions stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total value of $566,729.00. Following the transaction, the senior vice president owned 39,287 shares of the company’s stock, valued at $2,082,211. This trade represents a 21.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 461,184 shares of company stock worth $24,158,554. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Viavi Solutions

Several hedge funds have recently modified their holdings of the company. WPG Advisers LLC lifted its position in shares of Viavi Solutions by 96.2% during the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 380 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Viavi Solutions by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock worth $204,000 after purchasing an additional 394 shares during the period. Lido Advisors LLC raised its holdings in shares of Viavi Solutions by 2.0% in the 4th quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock worth $438,000 after purchasing an additional 473 shares during the period. Maryland State Retirement & Pension System raised its holdings in shares of Viavi Solutions by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock worth $580,000 after purchasing an additional 478 shares during the period. Finally, Covestor Ltd raised its holdings in shares of Viavi Solutions by 22.9% in 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. 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.