Viavi Solutions (NASDAQ:VIAV) Stock Price Down 4.6% – Should You Sell?

Viavi Solutions Inc. (NASDAQ:VIAV)’s share price fell 4.6% during mid-day trading on Thursday . The company traded as low as $33.25 and last traded at $32.8960. Approximately 273,926 shares traded hands during trading, a decline of 95% from the average daily volume of 6,058,163 shares. The stock had previously closed at $34.50.

Analyst Upgrades and Downgrades

VIAV has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. Needham & Company LLC dropped their target price on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. B. Riley Financial decreased their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Wall Street Zen downgraded Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and an average price target of $55.43.

Viavi Solutions Price Performance

The stock’s 50-day moving average is $40.28 and its 200-day moving average is $41.08. The firm has a market cap of $8.43 billion, a P/E ratio of -227.62 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.

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, topping the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. During the same period last year, the business posted $0.13 EPS. The business’s quarterly revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, equities analysts anticipate that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.

Insider Transactions at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 23,911 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $36.37, for a total value of $869,643.07. Following the completion of the transaction, the senior vice president directly owned 39,598 shares of the company’s stock, valued at $1,440,179.26. This trade represents a 37.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ilan Daskal sold 56,290 shares of Viavi Solutions stock in a transaction on Monday, August 31st. The stock was sold at an average price of $36.29, for a total transaction of $2,042,764.10. Following the sale, the executive vice president owned 10,132 shares in the company, valued at $367,690.28. This represents a 84.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 152,796 shares of company stock valued at $6,246,532. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

Several large investors have recently modified their holdings of VIAV. Silvant Capital Management LLC bought a new position in shares of Viavi Solutions during the 2nd quarter worth approximately $33,000. WPG Advisers LLC grew 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 acquiring an additional 380 shares during the period. Persistent Asset Partners Ltd bought a new stake in Viavi Solutions in the second quarter valued at $38,000. Carolina Wealth Advisors LLC raised its stake in Viavi Solutions by 83.2% during the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after acquiring an additional 387 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Viavi Solutions during the second quarter worth $57,000. 95.54% of the stock is currently owned by institutional investors.

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.