Key Points
- Viavi Solutions EVP Paul Mcnab sold 1,595 shares at an average price of $37.37, totaling $59,605.15. His remaining direct stake is 13,876 shares, a 10.31% reduction.
- Viavi reported quarterly EPS of $0.34, exceeding estimates of $0.30, while revenue rose 52.5% year over year to $443.1 million. The company issued first-quarter fiscal 2027 EPS guidance of $0.40–$0.42.
- Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $49.88; institutional investors own 95.54% of the company.
Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) EVP Paul Mcnab sold 1,595 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the completion of the transaction, the executive vice president directly owned 13,876 shares in the company, valued at approximately $518,546.12. This represents a 10.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Viavi Solutions Trading Up 3.2%
Shares of NASDAQ:VIAV opened at $38.40 on Wednesday. The stock's 50-day simple moving average is $43.70 and its two-hundred day simple moving average is $39.37. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of -255.98 and a beta of 1.21. Viavi Solutions Inc. has a 52-week low of $10.30 and a 52-week high of $60.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85.
Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The firm had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The business's revenue for the quarter was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Analysts expect that Viavi Solutions Inc. will post 1.02 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on VIAV shares. Stifel Nicolaus increased their price target on shares of Viavi Solutions from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. UBS Group reduced their price objective on Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Susquehanna raised their target price on Viavi Solutions from $65.00 to $66.00 and gave the stock a "positive" rating in a report on Wednesday, July 1st. B. Riley Financial decreased their target price on Viavi Solutions from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded Viavi Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Viavi Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $49.88.
View Our Latest Report on Viavi Solutions
Institutional Investors Weigh In On Viavi Solutions
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. WPG Advisers LLC increased its position 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. Carolina Wealth Advisors LLC lifted its position in Viavi Solutions by 83.2% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider's stock worth $41,000 after acquiring an additional 387 shares during the period. Corient Private Wealth LLC lifted its position in Viavi Solutions by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider's stock worth $204,000 after acquiring an additional 394 shares during the period. Lido Advisors LLC grew its stake in Viavi Solutions by 2.0% during the 4th quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider's stock valued at $438,000 after purchasing an additional 473 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its stake in Viavi Solutions by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider's stock valued at $580,000 after purchasing an additional 478 shares during the last quarter. Institutional investors own 95.54% of the company's stock.
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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