Insider Selling: Viavi Solutions (NASDAQ:VIAV) EVP Sells $2,042,764.10 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Ilan Daskal sold 56,290 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $36.29, for a total value of $2,042,764.10. Following the completion of the transaction, the executive vice president owned 10,132 shares of the company’s stock, valued at $367,690.28. This trade represents a 84.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Viavi Solutions Price Performance

VIAV stock opened at $34.50 on Thursday. Viavi Solutions Inc. has a 52-week low of $11.43 and a 52-week high of $60.43. The stock’s fifty day simple moving average is $40.28 and its 200-day simple moving average is $41.08. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of -229.98 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The business’s quarterly 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. Equities research analysts expect that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Institutional Trading of Viavi Solutions

Large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Viavi Solutions during the second quarter worth $1,228,529,000. California State Teachers Retirement System grew its holdings in Viavi Solutions by 4,790.6% during the 2nd quarter. California State Teachers Retirement System now owns 12,773,316 shares of the communications equipment provider’s stock valued at $609,926,000 after purchasing an additional 12,512,136 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Viavi Solutions by 431.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock valued at $84,258,000 after purchasing an additional 5,389,435 shares in the last quarter. Bank of America Corp DE purchased a new stake in Viavi Solutions during the 2nd quarter worth $134,922,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Viavi Solutions in the 1st quarter worth $75,294,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VIAV shares. Weiss Ratings raised shares of Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a research note on Wednesday, August 19th. UBS Group decreased their price target on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. B. Riley Financial lowered their price objective on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.43.

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.