Viavi Solutions (NASDAQ:VIAV) Trading Down 8% – Should You Sell?

Viavi Solutions Inc. (NASDAQ:VIAV)’s stock price traded down 8% during mid-day trading on Friday . The stock traded as low as $31.61 and last traded at $31.5010. 3,386,965 shares were traded during mid-day trading, a decline of 36% from the average session volume of 5,315,372 shares. The stock had previously closed at $34.25.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Stifel Nicolaus raised their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Needham & Company LLC boosted their price target on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Finally, Rosenblatt Securities upped their target price on Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.00.

Viavi Solutions Stock Performance

The company has a market cap of $7.27 billion, a PE ratio of -174.63 and a beta of 0.92. The stock’s 50 day simple moving average is $25.89 and its two-hundred day simple moving average is $19.01. 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 released its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The business had revenue of $369.30 million during the quarter, compared to the consensus estimate of $365.25 million. During the same period in the prior year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 36.4% on a year-over-year basis. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, research analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Insider Activity

In related news, Director Richard Belluzzo sold 15,775 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $26.85, for a total value of $423,558.75. Following the transaction, the director owned 211,850 shares in the company, valued at approximately $5,688,172.50. This trade represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Oleg Khaykin sold 42,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $27.50, for a total transaction of $1,176,092.50. Following the sale, the chief executive officer owned 1,592,854 shares of the company’s stock, valued at approximately $43,803,485. This represents a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 485,772 shares of company stock worth $12,736,803. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

A number of large investors have recently modified their holdings of the stock. State of Wyoming acquired a new stake in Viavi Solutions in the fourth quarter valued at approximately $34,000. Hantz Financial Services Inc. grew its holdings in Viavi Solutions by 86.2% during the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after purchasing an additional 1,317 shares in the last quarter. GAMMA Investing LLC increased its stake in Viavi Solutions by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after buying an additional 825 shares during the period. Johnson Financial Group Inc. purchased a new stake in Viavi Solutions during the 3rd quarter worth $44,000. Finally, Covestor Ltd lifted 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 worth $46,000 after buying an additional 676 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

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.