Viavi Solutions (NASDAQ:VIAV) SVP Gary Staley Sells 22,306 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Gary Staley sold 22,306 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $26.14, for a total value of $583,078.84. Following the completion of the sale, the senior vice president owned 160,504 shares of the company’s stock, valued at $4,195,574.56. This trade represents a 12.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Viavi Solutions Trading Up 3.9%

Shares of NASDAQ:VIAV opened at $26.30 on Friday. The company’s fifty day simple moving average is $19.16 and its 200 day simple moving average is $15.11. Viavi Solutions Inc. has a 12 month low of $8.10 and a 12 month high of $26.84. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of -144.05 and a beta of 0.96. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. The company had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.25 million. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.Viavi Solutions’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, research analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stifel Nicolaus lifted their price objective on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Susquehanna lifted their price target on Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Wall Street Zen cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 18th. Finally, B. Riley upped their price objective on shares of Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $22.13.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds have recently modified their holdings of VIAV. Handelsbanken Fonder AB raised its holdings in Viavi Solutions by 25.6% in the 4th quarter. Handelsbanken Fonder AB now owns 88,810 shares of the communications equipment provider’s stock valued at $1,583,000 after buying an additional 18,100 shares during the last quarter. ProShare Advisors LLC grew its holdings in Viavi Solutions by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 43,083 shares of the communications equipment provider’s stock worth $768,000 after acquiring an additional 1,326 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Viavi Solutions by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock worth $910,000 after purchasing an additional 800 shares during the period. Madison Asset Management LLC acquired a new stake in shares of Viavi Solutions during the 4th quarter worth approximately $3,012,000. Finally, Versor Investments LP acquired a new stake in Viavi Solutions in the fourth quarter worth $599,000. Institutional investors and hedge funds 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.