Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) SVP Luke Scrivanich sold 23,911 shares of Viavi Solutions stock in a transaction on Monday, August 31st. The stock was sold at an average price of $36.37, for a total transaction of $869,643.07. Following the transaction, the senior vice president directly owned 39,598 shares of the company's stock, valued at $1,440,179.26. The trade was a 37.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Viavi Solutions Trading Down 0.7%
VIAV stock opened at $36.29 on Tuesday. Viavi Solutions Inc. has a twelve month low of $11.09 and a twelve month high of $60.43. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of -241.92 and a beta of 1.22. 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 firm's fifty day simple moving average is $40.88 and its two-hundred day simple moving average is $40.97.
Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping 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 last year, the business earned $0.13 EPS. The business's revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, analysts anticipate that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Weiss Ratings raised shares of Viavi Solutions from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 25th. UBS Group reduced their price target on Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. Rosenblatt Securities reiterated a "buy" rating and issued a $70.00 price target on shares of Viavi Solutions in a report on Wednesday, August 19th. Susquehanna raised their price target on Viavi Solutions from $65.00 to $66.00 and gave the stock a "positive" rating in a research note on Wednesday, July 1st. Finally, Stifel Nicolaus boosted their price objective on Viavi Solutions from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $49.88.
Get Our Latest Stock Report on Viavi Solutions
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in VIAV. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Viavi Solutions during the 2nd quarter valued at about $707,000. California State Teachers Retirement System grew its stake in Viavi Solutions by 4,790.6% in the 2nd quarter. California State Teachers Retirement System now owns 12,773,316 shares of the communications equipment provider's stock worth $609,926,000 after acquiring an additional 12,512,136 shares in the last quarter. Greenland Capital Management LP bought a new position in Viavi Solutions in the 2nd quarter worth about $530,000. HB Wealth Management LLC purchased a new position in shares of Viavi Solutions during the second quarter worth approximately $305,000. Finally, AlphaGrep UK Ltd purchased a new position in shares of Viavi Solutions during the second quarter worth approximately $719,000. Hedge funds and other institutional investors own 95.54% of the company's stock.
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.
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