Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) Director Laura Black sold 71,000 shares of Viavi Solutions stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the sale, the director owned 71,497 shares in the company, valued at approximately $3,297,441.64. This trade represents a 49.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Viavi Solutions Stock Performance
NASDAQ VIAV opened at $41.37 on Wednesday. Viavi Solutions Inc. has a twelve month low of $10.44 and a twelve month high of $60.43. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The stock has a market cap of $9.68 billion, a P/E ratio of -275.78 and a beta of 1.22. The company's 50-day simple moving average is $43.08 and its 200 day simple moving average is $40.20.
Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The firm had revenue of $443.10 million during the quarter, compared to analysts' expectations of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company's revenue for the quarter was up 52.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, research analysts forecast that Viavi Solutions Inc. will post 1.32 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Viavi Solutions
Institutional investors have recently bought and sold shares of the business. Silvant Capital Management LLC bought a new stake in shares of Viavi Solutions during the second quarter worth $33,000. WPG Advisers LLC increased its stake in shares of Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider's stock valued at $26,000 after buying an additional 380 shares in the last quarter. Persistent Asset Partners Ltd bought a new position in shares of Viavi Solutions in the second quarter valued at about $38,000. Carolina Wealth Advisors LLC raised its holdings in shares of Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider's stock valued at $41,000 after buying an additional 387 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Viavi Solutions during the 2nd quarter worth about $57,000. Institutional investors own 95.54% of the company's stock.
Analysts Set New Price Targets
VIAV has been the topic of several recent analyst reports. Susquehanna boosted their price target on Viavi Solutions from $65.00 to $66.00 and gave the company a "positive" rating in a research note on Wednesday, July 1st. Weiss Ratings lowered Viavi Solutions from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, August 11th. Rosenblatt Securities reissued a "buy" rating and set a $70.00 price objective on shares of Viavi Solutions in a report on Thursday, August 6th. Needham & Company LLC reduced their target price on shares of Viavi Solutions from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Finally, UBS Group lowered their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Viavi Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $49.88.
Check Out Our Latest Stock Report on Viavi Solutions
Viavi Solutions Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
