Viavi Solutions (NASDAQ:VIAV) Director Keith Barnes Sells 53,933 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) Director Keith Barnes sold 53,933 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $17.27, for a total transaction of $931,422.91. Following the sale, the director directly owned 125,151 shares in the company, valued at $2,161,357.77. This represents a 30.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Viavi Solutions Price Performance

Viavi Solutions stock traded down $0.78 during trading hours on Tuesday, hitting $16.76. 4,783,948 shares of the stock were exchanged, compared to its average volume of 2,608,888. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.50. The stock has a market capitalization of $3.73 billion, a P/E ratio of 239.43 and a beta of 0.90. Viavi Solutions Inc. has a 12 month low of $8.10 and a 12 month high of $17.99. The business’s 50-day moving average is $12.75 and its two-hundred day moving average is $10.90.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The firm had revenue of $299.10 million for the quarter, compared to analysts’ expectations of $294.35 million. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.68%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. Equities research analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Viavi Solutions

Large investors have recently bought and sold shares of the business. Covestor Ltd raised its holdings in Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 676 shares during the period. GAMMA Investing LLC raised its holdings in Viavi Solutions by 33.6% in the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 825 shares during the period. Nisa Investment Advisors LLC raised its holdings in Viavi Solutions by 32.0% in the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after purchasing an additional 898 shares during the period. First Horizon Advisors Inc. increased its position in shares of Viavi Solutions by 29.1% during the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider’s stock worth $56,000 after acquiring an additional 1,138 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Viavi Solutions by 1.8% during the third quarter. Amalgamated Bank now owns 64,746 shares of the communications equipment provider’s stock worth $822,000 after acquiring an additional 1,165 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 target price on the stock in a research report on Tuesday, September 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Viavi Solutions in a research report on Wednesday, October 8th. B. Riley upgraded shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, October 30th. Susquehanna upgraded shares of Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 target price on the stock in a research report on Friday, August 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $15.00 target price (up from $13.00) on shares of Viavi Solutions in a research report on Monday, October 13th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.11.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.