Gary Staley Sells 22,784 Shares of Viavi Solutions (NASDAQ:VIAV) Stock

Viavi Solutions Inc. (NASDAQ:VIAVGet Free Report) SVP Gary Staley sold 22,784 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $25.83, for a total transaction of $588,510.72. Following the sale, the senior vice president directly owned 203,552 shares in the company, valued at $5,257,748.16. The trade was a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Viavi Solutions Trading Up 0.6%

Shares of Viavi Solutions stock traded up $0.17 during midday trading on Tuesday, reaching $25.76. The company had a trading volume of 3,339,705 shares, compared to its average volume of 4,968,211. The stock has a fifty day moving average price of $18.71 and a 200 day moving average price of $14.86. Viavi Solutions Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $26.47. The firm has a market cap of $5.96 billion, a PE ratio of -143.10 and a beta of 0.95. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32.

Viavi Solutions (NASDAQ:VIAVGet Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The firm had revenue of $369.30 million during the quarter, compared to the consensus estimate of $365.25 million. During the same period last year, the business posted $0.13 EPS. The business’s revenue was up 36.4% compared to the same quarter last year. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, equities analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC raised its position in Viavi Solutions by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after buying an additional 825 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in Viavi Solutions in the third quarter valued at $44,000. Covestor Ltd increased its stake 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 valued at $46,000 after purchasing an additional 676 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Viavi Solutions by 32.0% in the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock valued at $47,000 after buying an additional 898 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Viavi Solutions in the 4th quarter worth $159,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions News Summary

Here are the key news stories impacting Viavi Solutions this week:

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VIAV. Susquehanna raised their price objective on shares of Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Wall Street Zen cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 18th. Rosenblatt Securities set a $27.00 target price on Viavi Solutions in a report on Thursday, January 29th. Argus upped their target price on shares of Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus raised their target price on Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Viavi Solutions has an average rating of “Moderate Buy” and an average price target of $22.13.

View Our Latest Stock Report on VIAV

About Viavi Solutions

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Viavi Solutions (NASDAQ:VIAV)

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