Key Points
- Viavi Solutions SVP Luke Scrivanich sold 35,866 shares at an average price of $36.24, generating approximately $1.30 million. The Rule 10b5-1 transaction reduced his direct holdings by 47.53% to 39,598 shares.
- Viavi reported quarterly EPS of $0.34 and revenue of $443.1 million, exceeding analyst estimates, while revenue increased 52.5% year over year. The company provided Q1 2027 EPS guidance of $0.40–$0.42.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $55.43, despite UBS lowering its target to $44. Institutional investors own 95.54% of the company’s shares.
Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) SVP Luke Scrivanich sold 35,866 shares of Viavi Solutions stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $36.24, for a total value of $1,299,783.84. Following the sale, the senior vice president directly owned 39,598 shares of the company's stock, valued at approximately $1,435,031.52. This trade represents a 47.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Viavi Solutions Price Performance
Shares of Viavi Solutions stock opened at $36.43 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.99 billion, a PE ratio of -242.85 and a beta of 1.22. The business's 50-day moving average price is $37.94 and its 200-day moving average price is $41.79. Viavi Solutions Inc. has a 12 month low of $12.05 and a 12 month high of $60.43.
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 for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $443.10 million during the quarter, compared to the consensus estimate of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.Viavi Solutions's quarterly revenue was up 52.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Sell-side analysts forecast that Viavi Solutions Inc. will post 1.42 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of VIAV. HBK Investments L P bought a new stake in shares of Viavi Solutions in the 2nd quarter worth approximately $9,550,000. Tidal Investments LLC raised its holdings in shares of Viavi Solutions by 697.1% during the second quarter. Tidal Investments LLC now owns 52,009 shares of the communications equipment provider's stock valued at $2,483,000 after acquiring an additional 45,484 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Viavi Solutions during the second quarter valued at approximately $372,000. Integrated Wealth Concepts LLC bought a new position in shares of Viavi Solutions during the second quarter valued at approximately $149,000. Finally, NewEdge Advisors LLC lifted its stake in Viavi Solutions by 309.4% in the second quarter. NewEdge Advisors LLC now owns 1,130 shares of the communications equipment provider's stock worth $54,000 after acquiring an additional 854 shares during the period. Hedge funds and other institutional investors own 95.54% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. UBS Group cut their price objective on shares of Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. B. Riley Financial lowered their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Wall Street Zen lowered shares of Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 29th. Stifel Nicolaus set a $65.00 price objective on Viavi Solutions in a research note on Wednesday. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.43.
Read Our Latest Analysis on VIAV
About Viavi Solutions
(
Get Free Report)
Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks and optical systems. Its products and software help telecommunications providers, network equipment manufacturers, data centers, government organizations, and other enterprises build, validate, monitor, and maintain wired and wireless networks.
The company's offerings include instruments and software for fiber-optic testing, network installation and certification, service activation, network performance monitoring, troubleshooting, and telecommunications equipment testing.
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