Insider Selling: Viavi Solutions (NASDAQ:VIAV) SVP Sells $869,643.07 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Luke Scrivanich sold 23,911 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $36.37, for a total transaction of $869,643.07. Following the transaction, the senior vice president owned 39,598 shares in the company, valued at $1,440,179.26. The trade was a 37.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Viavi Solutions Trading Down 0.9%

NASDAQ:VIAV opened at $34.50 on Thursday. Viavi Solutions Inc. has a 12 month low of $11.43 and a 12 month high of $60.43. The firm has a fifty day simple moving average of $40.28 and a 200-day simple moving average of $41.08. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $8.51 billion, a P/E ratio of -229.98 and a beta of 1.22.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on VIAV shares. Zacks Research upgraded Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. B. Riley Financial cut their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Susquehanna raised their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research report on Wednesday, July 1st. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Finally, Needham & Company LLC dropped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and a consensus price target of $55.43.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds have recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Viavi Solutions in the second quarter valued at approximately $707,000. California State Teachers Retirement System lifted its position in shares of Viavi Solutions by 4,790.6% during the 2nd quarter. California State Teachers Retirement System now owns 12,773,316 shares of the communications equipment provider’s stock valued at $609,926,000 after buying an additional 12,512,136 shares in the last quarter. Greenland Capital Management LP purchased a new position in shares of Viavi Solutions during the 2nd quarter valued at approximately $530,000. HB Wealth Management LLC acquired a new stake in Viavi Solutions in the 2nd quarter valued at $305,000. Finally, AlphaGrep UK Ltd acquired a new stake in Viavi Solutions in the 2nd quarter valued at $719,000. Hedge funds and other 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.