Viavi Solutions (NASDAQ:VIAV) Trading Down 8.3% – Here’s Why

Viavi Solutions Inc. (NASDAQ:VIAV) shares dropped 8.3% on Thursday . The company traded as low as $48.24 and last traded at $48.0560. Approximately 727,035 shares were traded during trading, a decline of 88% from the average daily volume of 5,999,373 shares. The stock had previously closed at $52.42.

Wall Street Analyst Weigh In

VIAV has been the topic of a number of recent research reports. B. Riley Financial boosted their price target on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Needham & Company LLC boosted their price target on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Rosenblatt Securities boosted their price target on shares of Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, UBS Group boosted their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

Viavi Solutions Stock Down 10.6%

The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of -198.16 and a beta of 1.18. The firm’s fifty day simple moving average is $45.84 and its two-hundred day simple moving average is $30.89.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $406.80 million for 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%. Viavi Solutions’s revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Sell-side analysts anticipate that Viavi Solutions Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 10,693 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total value of $566,729.00. Following the transaction, the senior vice president directly owned 39,287 shares in the company, valued at $2,082,211. The trade was a 21.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Paul Mcnab sold 2,727 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $54.96, for a total transaction of $149,875.92. Following the completion of the transaction, the executive vice president owned 15,471 shares in the company, valued at $850,286.16. The trade was a 14.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 450,369 shares of company stock worth $23,789,119 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Viavi Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. WPG Advisers LLC raised its stake in shares of 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 acquiring an additional 380 shares during the period. State of Wyoming purchased a new stake in shares of Viavi Solutions in the 4th quarter valued at approximately $34,000. Johnson Financial Group Inc. purchased a new stake in shares of Viavi Solutions in the 3rd quarter valued at approximately $44,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Viavi Solutions in the 1st quarter valued at approximately $50,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Viavi Solutions by 86.2% in the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after acquiring an additional 1,317 shares during the period. 95.54% of the stock is currently 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.