Viavi Solutions (NASDAQ:VIAV) Stock: Insider Paul Mcnab Sells 13,806 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul McNab sold 13,806 shares of the business’s stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $32.12, for a total transaction of $443,448.72. Following the transaction, the executive vice president owned 46,026 shares in the company, valued at $1,478,355.12. This represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Paul Mcnab also recently made the following trade(s):

• On Friday, September 11th, Paul McNab sold 11,032 shares of Viavi Solutions stock. The shares were sold at an average price of $38.97, for a total transaction of $429,917.04.

Viavi Solutions Stock Performance

NASDAQ:VIAV traded down $1.82 during mid-day trading on Friday, hitting $30.72. The stock had a trading volume of 5,109,325 shares, compared to its average volume of 6,828,286. Viavi Solutions Inc. has a twelve month low of $15.51 and a twelve month high of $60.43. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.40 and a current ratio of 1.65. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 128.01, a PEG ratio of 1.47 and a beta of 1.31. The company’s 50 day simple moving average is $36.34 and its 200 day simple moving average is $38.94.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, November 4th. The communications equipment provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $469.30 million for the quarter, compared to the consensus estimate of $455.06 million. Viavi Solutions had a return on equity of 25.36% and a net margin of 3.97%. The business’s revenue was up 56.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. On average, equities research analysts forecast that Viavi Solutions Inc. will post 1.84 earnings per share for the current year.

Top Viavi Solutions Stories

Here are a few of the latest stories about VIAV:

• Positive Sentiment: Viavi was upgraded to Zacks Rank #1 (Strong Buy), reflecting improving earnings expectations. Viavi Solutions upgraded to Strong Buy
• Negative Sentiment: EVP Paul McNab sold 13,806 shares for about $443,449, reducing his holdings by roughly 23%. The sale could weigh on sentiment, though an insider transaction alone does not establish the executive’s outlook for the company. SEC filing
• Negative Sentiment: Despite strong reported growth, Viavi’s shares had fallen 11.6% over the past month, and coverage flags valuation and execution risks as potential constraints on the stock. Growth and valuation risks

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wall Street Zen raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 7th. Needham & Company LLC lowered their price target on shares of Viavi Solutions from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, November 5th. Rosenblatt Securities restated a “buy” rating and set a $70.00 price objective on shares of Viavi Solutions in a research report on Wednesday, September 23rd. Stifel Nicolaus set a $65.00 price objective on Viavi Solutions in a report on Wednesday, September 23rd. Finally, Weiss Ratings raised Viavi Solutions from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, November 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.83.

Hedge Funds Weigh In On Viavi Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Entropy Technologies LP grew its position in shares of Viavi Solutions by 37.2% during the 3rd quarter. Entropy Technologies LP now owns 35,722 shares of the communications equipment provider’s stock worth $1,497,000 after purchasing an additional 9,684 shares in the last quarter. FORA Capital LLC increased its holdings in shares of Viavi Solutions by 72.2% during the third quarter. FORA Capital LLC now owns 226,490 shares of the communications equipment provider’s stock worth $9,494,000 after purchasing an additional 94,927 shares during the period. Kovack Advisors Inc. increased its holdings in shares of Viavi Solutions by 4.4% during the third quarter. Kovack Advisors Inc. now owns 51,946 shares of the communications equipment provider’s stock worth $2,326,000 after purchasing an additional 2,176 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Viavi Solutions by 623.2% in the third quarter. Steward Partners Investment Advisory LLC now owns 2,430 shares of the communications equipment provider’s stock valued at $102,000 after buying an additional 2,094 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Viavi Solutions in the third quarter valued at approximately $594,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

About Viavi Solutions

Viavi Solutions Inc. develops testing, monitoring and assurance solutions for communications networks. Its products and software help service providers, equipment makers and enterprises build, maintain and troubleshoot fiber-optic, broadband, wireless and other network infrastructure, including technologies used in 5G and data centers. The company also makes optical technologies and security products, including features used to authenticate banknotes, identity documents and branded goods. These offerings support applications in areas such as anti-counterfeiting, document security and optical coatings.