Paul Mcnab Sells 1,595 Shares of Viavi Solutions (NASDAQ:VIAV) Stock

Viavi Solutions Inc. (NASDAQ:VIAVGet Free Report) EVP Paul Mcnab sold 1,595 shares of Viavi Solutions stock in a transaction on Monday, August 10th. The stock was sold at an average price of $37.37, for a total value of $59,605.15. Following the sale, the executive vice president owned 13,876 shares in the company, valued at $518,546.12. This trade represents a 10.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $43.11 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. The company has a market capitalization of $10.08 billion, a P/E ratio of -287.38 and a beta of 1.21. Viavi Solutions Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $60.43. The company’s 50-day moving average is $43.51 and its 200 day moving average is $39.54.

Viavi Solutions (NASDAQ:VIAVGet Free Report) last released its earnings results 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. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The firm had revenue of $443.10 million during the quarter, compared to the consensus estimate of $432.62 million. During the same period in the prior year, the firm earned $0.13 EPS. The company’s revenue was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities research analysts forecast that Viavi Solutions Inc. will post 1.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VIAV. Twin Tree Management LP purchased a new position in Viavi Solutions during the second quarter valued at $1,375,000. Greenland Capital Management LP bought a new position in shares of Viavi Solutions in the second quarter worth approximately $530,000. Commerce Bank purchased a new stake in Viavi Solutions during the 2nd quarter valued at $873,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Viavi Solutions during the second quarter valued at $63,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Viavi Solutions during the 2nd quarter valued at about $3,330,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Weiss Ratings downgraded Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a report on Thursday, August 6th. Stifel Nicolaus raised their price objective on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. UBS Group dropped their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.88.

Read Our Latest Report on Viavi Solutions

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.

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