Viavi Solutions (NASDAQ:VIAV) Director Sells $2,208,270.06 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) Director Keith Barnes sold 121,467 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $18.18, for a total transaction of $2,208,270.06. Following the sale, the director owned 27,213 shares of the company’s stock, valued at $494,732.34. This trade represents a 81.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Keith Barnes also recently made the following trade(s):

• On Monday, November 3rd, Keith Barnes sold 53,933 shares of Viavi Solutions stock. The shares were sold at an average price of $17.27, for a total transaction of $931,422.91.

Viavi Solutions Price Performance

VIAV stock traded up $0.13 during midday trading on Wednesday, reaching $18.04. 169,830 shares of the company’s stock traded hands, compared to its average volume of 2,637,446. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 257.73 and a beta of 0.96. The company has a 50-day simple moving average of $13.51 and a two-hundred day simple moving average of $11.22. Viavi Solutions Inc. has a 1-year low of $8.10 and a 1-year high of $18.46.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $299.10 million during the quarter, compared to analyst estimates of $294.35 million. Viavi Solutions had a return on equity of 10.68% and a net margin of 1.33%.The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. On average, analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VIAV. Morgan Stanley raised Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 price target on the stock in a research note on Tuesday, September 2nd. B. Riley raised 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 note on Thursday, October 30th. Stifel Nicolaus reiterated a “buy” rating and set a $15.00 price target (up previously from $13.00) on shares of Viavi Solutions in a research report on Monday, October 13th. Susquehanna raised shares of Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price objective on the stock in a research note on Friday, August 8th. Finally, Weiss Ratings cut shares of Viavi Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday. Seven 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.89.

Institutional Investors Weigh In On Viavi Solutions

Several institutional investors have recently added to or reduced their stakes in VIAV. GAMMA Investing LLC lifted its holdings in shares of Viavi Solutions by 33.6% in the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock valued at $42,000 after purchasing an additional 825 shares in the last quarter. Covestor Ltd raised its position in Viavi Solutions by 22.9% in the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after buying an additional 676 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Viavi Solutions by 32.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock valued at $47,000 after acquiring an additional 898 shares in the last quarter. Family Legacy Financial Solutions LLC acquired a new position in Viavi Solutions during the 2nd quarter worth approximately $43,000. Finally, AlphaQuest LLC acquired a new position in Viavi Solutions during the 1st quarter worth approximately $55,000. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Company Profile

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.