Paul Mcnab Sells 3,551 Shares of Viavi Solutions (NASDAQ:VIAV) Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 3,551 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $32.89, for a total value of $116,792.39. Following the transaction, the executive vice president directly owned 18,198 shares in the company, valued at $598,532.22. This trade represents a 16.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, February 2nd, Paul Mcnab sold 4,638 shares of Viavi Solutions stock. The shares were sold at an average price of $25.80, for a total transaction of $119,660.40.

Viavi Solutions Trading Up 19.3%

Shares of Viavi Solutions stock traded up $5.75 during trading on Monday, reaching $35.46. 11,532,194 shares of the stock were exchanged, compared to its average volume of 5,156,014. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of -195.85 and a beta of 0.96. Viavi Solutions Inc. has a 1 year low of $8.10 and a 1 year high of $35.28. The stock’s fifty day moving average is $22.20 and its 200 day moving average is $17.12.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Lido Advisors LLC boosted its position in shares of Viavi Solutions by 2.0% in the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock worth $438,000 after purchasing an additional 473 shares during the period. Maryland State Retirement & Pension System grew its holdings in Viavi Solutions by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock valued at $580,000 after buying an additional 478 shares in the last quarter. Covestor Ltd increased its holdings in Viavi Solutions by 22.9% in the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 676 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Viavi Solutions by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock worth $910,000 after buying an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Viavi Solutions by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after acquiring an additional 825 shares during the last quarter. Institutional investors own 95.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on VIAV. Needham & Company LLC boosted their target price on Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Monday. Argus boosted their price target on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Stifel Nicolaus increased their price objective on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Finally, Rosenblatt Securities set a $27.00 target price on shares of Viavi Solutions in a research note on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.13.

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.