Viavi Solutions (NASDAQ:VIAV) Shares Down 7.4% – Should You Sell?

Viavi Solutions Inc. (NASDAQ:VIAV)’s stock price fell 7.4% on Friday . The company traded as low as $46.45 and last traded at $46.6880. Approximately 1,043,169 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 6,347,521 shares. The stock had previously closed at $50.44.

Wall Street Analysts Forecast Growth

VIAV has been the topic of several analyst reports. Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. UBS Group boosted their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. B. Riley Financial upped their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Needham & Company LLC raised their price objective on Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and a consensus price target of $42.75.

Viavi Solutions Price Performance

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39. The company’s 50-day moving average price is $49.23 and its 200-day moving average price is $34.19. The company has a market cap of $11.09 billion, a P/E ratio of -197.70 and a beta of 1.18.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $406.80 million during the quarter, compared to analyst estimates of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, sell-side analysts predict that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Viavi Solutions

In related news, EVP Paul Mcnab sold 2,727 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $54.96, for a total value of $149,875.92. Following the sale, the executive vice president owned 15,471 shares of the company’s stock, valued at approximately $850,286.16. This trade represents a 14.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 10,693 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total value of $566,729.00. Following the completion of the sale, the senior vice president owned 39,287 shares in the company, valued at $2,082,211. The trade was a 21.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 450,369 shares of company stock valued at $23,789,119 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings 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 purchasing an additional 18,910 shares during the last quarter. AQR Capital Management LLC increased its stake in Viavi Solutions by 110.5% in the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after buying an additional 17,673 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Viavi Solutions by 4.6% in the 1st 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 buying an additional 5,775 shares during the last quarter. Millennium Management LLC lifted its position in Viavi Solutions by 205.4% during the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock worth $5,335,000 after buying an additional 320,662 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in Viavi Solutions during the 1st quarter worth about $165,000. Institutional investors own 95.54% of the company’s stock.

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.