Key Points
- Viavi SVP Gary Staley sold 24,237 shares on Feb. 5 at an average price of $23.93 for about $579,991, trimming his holding by 15.1% to 136,267 shares (worth roughly $3.26M).
- Viavi topped quarterly expectations with $0.22 EPS vs. $0.19 expected and $369.3M revenue (up 36.4% YoY), and the stock opened at $26.30 (up 3.9%), near its 52-week high.
- Institutional ownership is high (~95.5%) with several hedge funds ramping up positions, and analysts carry a consensus "Moderate Buy" rating with a $22.13 average price target after multiple recent upgrades.
Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) SVP Gary Staley sold 24,237 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $23.93, for a total transaction of $579,991.41. Following the transaction, the senior vice president directly owned 136,267 shares in the company, valued at $3,260,869.31. The trade was a 15.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Viavi Solutions Trading Up 3.9%
Shares of NASDAQ VIAV opened at $26.30 on Friday. The stock's 50 day moving average price is $19.16 and its two-hundred day moving average price is $15.11. Viavi Solutions Inc. has a 52-week low of $8.10 and a 52-week high of $26.84. The stock has a market capitalization of $6.09 billion, a P/E ratio of -144.05 and a beta of 0.96. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46.
Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The business had revenue of $369.30 million during the quarter, compared to the consensus estimate of $365.25 million. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The business's quarterly revenue was up 36.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. 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 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Viavi Solutions
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership raised its position in shares of Viavi Solutions by 431.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider's stock worth $84,258,000 after buying an additional 5,389,435 shares in the last quarter. Aberdeen Group plc acquired a new position in shares of Viavi Solutions during the third quarter valued at approximately $20,110,000. Schroder Investment Management Group raised its holdings in Viavi Solutions by 16.6% during the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider's stock worth $82,709,000 after purchasing an additional 1,166,547 shares in the last quarter. Tributary Capital Management LLC lifted its position in Viavi Solutions by 92.9% in the third quarter. Tributary Capital Management LLC now owns 2,207,642 shares of the communications equipment provider's stock worth $28,015,000 after purchasing an additional 1,063,330 shares during the period. Finally, Millennium Management LLC boosted its stake in Viavi Solutions by 772.9% during the 3rd quarter. Millennium Management LLC now owns 1,163,336 shares of the communications equipment provider's stock valued at $14,763,000 after purchasing an additional 1,030,071 shares in the last quarter. Institutional investors own 95.54% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on VIAV shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Viavi Solutions in a research note on Monday, December 29th. Wall Street Zen downgraded Viavi Solutions from a "strong-buy" rating to a "buy" rating in a report on Sunday, January 18th. B. Riley boosted their price objective on Viavi Solutions from $18.00 to $22.00 and gave the company a "buy" rating in a research report on Monday, January 26th. Needham & Company LLC increased their target price on Viavi Solutions from $24.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. Finally, Rosenblatt Securities set a $27.00 target price on Viavi Solutions in a research note on Thursday, January 29th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Viavi Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.13.
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About Viavi Solutions
(
Get Free Report)
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.
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