Viavi Solutions Inc. (NASDAQ:VIAV – Get Free Report) SVP Luke Scrivanich sold 23,911 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $36.37, for a total value of $869,643.07. Following the completion of the sale, the senior vice president directly owned 39,598 shares of the company’s stock, valued at $1,440,179.26. The trade was a 37.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Viavi Solutions Stock Performance
VIAV stock traded down $0.42 during trading on Monday, reaching $36.12. The company had a trading volume of 1,628,303 shares, compared to its average volume of 6,116,666. The company has a market cap of $8.91 billion, a price-to-earnings ratio of -240.78 and a beta of 1.22. Viavi Solutions Inc. has a twelve month low of $11.09 and a twelve month high of $60.43. 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 firm has a 50-day simple moving average of $41.22 and a 200-day simple moving average of $40.90.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) 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. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The business had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. During the same period in the prior year, the company earned $0.13 earnings per share. The company’s revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, sell-side analysts expect that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on VIAV
Hedge Funds Weigh In On Viavi Solutions
Several hedge funds and other institutional investors have recently modified their holdings of VIAV. WPG Advisers LLC grew its stake in Viavi Solutions by 96.2% during the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 380 shares in the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Viavi Solutions in the second quarter valued at approximately $33,000. State of Wyoming purchased a new stake in shares of Viavi Solutions in the fourth quarter valued at approximately $34,000. Persistent Asset Partners Ltd acquired a new stake in shares of Viavi Solutions in the second quarter valued at approximately $38,000. Finally, Carolina Wealth Advisors LLC lifted its position in Viavi Solutions by 83.2% during the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after buying an additional 387 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.
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.
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