Richard Belluzzo Sells 15,775 Shares of Viavi Solutions (NASDAQ:VIAV) Stock

Viavi Solutions Inc. (NASDAQ:VIAV) Director Richard Belluzzo sold 15,775 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $26.85, for a total transaction of $423,558.75. Following the completion of the transaction, the director owned 211,850 shares in the company, valued at $5,688,172.50. This represents a 6.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Viavi Solutions Stock Up 0.1%

VIAV stock traded up $0.02 during midday trading on Wednesday, hitting $26.32. 2,394,271 shares of the company’s stock were exchanged, compared to its average volume of 4,832,838. Viavi Solutions Inc. has a 12-month low of $8.10 and a 12-month high of $28.15. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of -146.37 and a beta of 0.96. The firm has a 50 day moving average price of $20.55 and a 200-day moving average price of $16.11.

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

Analyst Upgrades and Downgrades

VIAV has been the subject of a number of analyst reports. Argus boosted their target price on shares of Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Susquehanna increased their price objective on Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. Stifel Nicolaus raised their target price on 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 increased their target price on shares of Viavi Solutions from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Wall Street Zen downgraded Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 18th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.13.

Institutional Investors Weigh In On Viavi Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in Viavi Solutions by 11.5% during the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock worth $2,051,000 after buying an additional 18,910 shares during the last quarter. AQR Capital Management LLC grew its holdings in Viavi Solutions by 110.5% during the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock worth $377,000 after acquiring an additional 17,673 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Viavi Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock valued at $1,467,000 after purchasing an additional 5,775 shares during the last quarter. Millennium Management LLC raised its position in shares of Viavi Solutions by 205.4% in the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock valued at $5,335,000 after acquiring an additional 320,662 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Viavi Solutions during the first quarter worth $165,000. 95.54% of the stock is owned by institutional investors and hedge funds.

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.