Viavi Solutions (NASDAQ:VIAV) Stock Falls 8.9% – What’s Next?

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) dropped 8.9% during trading on Thursday. The stock traded as low as $32.28 and last traded at $32.2410. Approximately 332,426 shares changed hands during trading, a decline of 94% from the average daily volume of 5,965,416 shares. The stock had previously closed at $35.39.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VIAV. Susquehanna lifted their price target on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research note on Wednesday, July 1st. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. Weiss Ratings downgraded shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 8th. UBS Group dropped their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Rosenblatt Securities restated a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a report on Wednesday, September 23rd. Six research 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.43.

Viavi Solutions Stock Performance

The stock has a market capitalization of $7.49 billion, a PE ratio of -202.92 and a beta of 1.21. 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 moving average of $38.39 and a 200-day moving average of $42.86.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%. The business’s revenue for the quarter was up 52.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Research analysts forecast that Viavi Solutions Inc. will post 1.42 earnings per share for the current year.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, SVP Luke Scrivanich sold 35,866 shares of Viavi Solutions stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $36.24, for a total transaction of $1,299,783.84. Following the completion of the sale, the senior vice president owned 39,598 shares of the company’s stock, valued at $1,435,031.52. This trade represents a 47.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul McNab sold 11,032 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $38.97, for a total transaction of $429,917.04. Following the transaction, the executive vice president owned 25,639 shares in the company, valued at approximately $999,151.83. This represents a 30.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 199,694 shares of company stock worth $7,976,233 in the last quarter. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viavi Solutions

A number of hedge funds have recently added to or reduced their stakes in VIAV. Silvant Capital Management LLC acquired a new position in shares of Viavi Solutions during the 2nd quarter worth about $33,000. WPG Advisers LLC grew its holdings in Viavi Solutions by 96.2% in the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 380 shares during the last quarter. Persistent Asset Partners Ltd acquired a new stake in Viavi Solutions in the 2nd quarter valued at approximately $38,000. Fortitude Family Office LLC grew its holdings in Viavi Solutions by 413.3% in the 3rd quarter. Fortitude Family Office LLC now owns 811 shares of the communications equipment provider’s stock valued at $34,000 after buying an additional 653 shares during the last quarter. Finally, Carolina Wealth Advisors LLC grew its holdings in Viavi Solutions by 83.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after buying an additional 387 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops equipment, software and services used to test, monitor and secure communications networks. Its solutions support network operators, equipment manufacturers, government agencies and other organizations involved in the design, deployment and operation of wired and wireless networks.

The company’s products include fiber-optic and broadband test instruments, network performance and service-assurance software, optical spectrum analyzers, monitoring systems and tools for testing 5G and other advanced communications technologies.