Viavi Solutions (NASDAQ:VIAV) Stock Price Down 12% – What’s Next?

Viavi Solutions Inc. (NASDAQ:VIAV) fell 12% during trading on Thursday . The stock traded as low as $41.50 and last traded at $41.4030. 3,438,194 shares were traded during trading, a decline of 48% from the average daily volume of 6,576,140 shares. The stock had previously closed at $47.07.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. B. Riley Financial upped their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 24th. UBS Group lifted their target price on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a report on Wednesday, June 10th. Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings raised shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $42.88.

Viavi Solutions Price Performance

The stock has a 50-day simple moving average of $49.64 and a 200 day simple moving average of $34.99. The company has a market cap of $9.68 billion, a PE ratio of -172.35 and a beta of 1.18. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99.

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

Insider Activity at Viavi Solutions

In other Viavi Solutions news, 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 transaction of $566,729.00. Following the completion of the sale, the senior vice president directly owned 39,287 shares in the company, valued at $2,082,211. This trade represents a 21.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $54.02, for a total transaction of $445,935.10. Following the completion of the sale, the senior vice president directly owned 20,129 shares in the company, valued at $1,087,368.58. This trade represents a 29.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 450,369 shares of company stock valued at $23,789,119 over the last quarter. 1.80% of the stock is owned by insiders.

Institutional Trading of Viavi Solutions

Institutional investors have recently added to or reduced their stakes in the stock. WPG Advisers LLC raised its position in Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 380 shares during the period. State of Wyoming purchased a new position in shares of Viavi Solutions during the fourth quarter worth $34,000. Johnson Financial Group Inc. acquired a new stake in shares of Viavi Solutions in the third quarter valued at $44,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Viavi Solutions in the first quarter valued at $50,000. Finally, Hantz Financial Services Inc. grew its stake in shares of Viavi Solutions by 86.2% in the fourth quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after buying an additional 1,317 shares in the last quarter. Institutional investors and hedge funds 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.