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

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Ilan Daskal sold 56,290 shares of the business’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 completion of the transaction, the executive vice president owned 10,132 shares in the company, valued at $367,690.28. The trade was a 84.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Viavi Solutions Trading Down 1.1%

Shares of Viavi Solutions stock traded down $0.42 during trading on Monday, reaching $36.12. 1,628,303 shares of the stock were exchanged, compared to its average volume of 6,116,666. 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 stock’s fifty day moving average is $41.22 and its 200 day moving average is $40.90. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of -240.78 and a beta of 1.22. Viavi Solutions Inc. has a 1 year low of $11.09 and a 1 year high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.Viavi Solutions’s quarterly revenue was up 52.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, equities research analysts expect that Viavi Solutions Inc. will post 1.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VIAV. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday. Needham & Company LLC decreased their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a research report on Wednesday, August 19th. Susquehanna lifted their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research note on Wednesday, July 1st. Finally, Zacks Research upgraded shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.88.

Institutional Inflows and Outflows

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

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.