Insider Selling: Viavi Solutions (NASDAQ:VIAV) SVP Sells 35,866 Shares

Key Points

• Viavi Solutions SVP Luke Scrivanich sold 35,866 shares at an average price of $36.24, totaling approximately $1.30 million. The Rule 10b5-1 transaction reduced his ownership by 47.53%, leaving him with 39,598 shares.
• Viavi reported stronger-than-expected quarterly results, with EPS of $0.34 versus the $0.30 consensus and revenue of $443.1 million, up 52.5% year over year. The company guided to first-quarter 2027 EPS of $0.40–$0.42.
• Analysts maintain a Moderate Buy consensus rating with an average price target of $55.43, although several firms recently lowered their targets. The stock traded near $36.41, while institutional investors owned 95.54% of outstanding shares.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) SVP Luke Scrivanich sold 35,866 shares of the firm's stock in a transaction on 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 completion of the transaction, the senior vice president owned 39,598 shares in the company, valued at $1,435,031.52. This represents a 47.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Viavi Solutions Trading Up 0.0%

NASDAQ VIAV traded up $0.01 on Wednesday, reaching $36.41. The company had a trading volume of 6,780,093 shares, compared to its average volume of 6,051,182. Viavi Solutions Inc. has a 52 week low of $12.05 and a 52 week high of $60.43. The stock's 50 day moving average is $38.01 and its 200-day moving average is $41.75. 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 $8.98 billion, a price-to-earnings ratio of -242.72 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted 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. The company had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The company's revenue for the quarter was up 52.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities analysts predict that Viavi Solutions Inc. will post 1.42 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on VIAV. B. Riley Financial cut their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Needham & Company LLC decreased their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Wall Street Zen cut shares of Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 29th. UBS Group dropped their price objective on Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $70.00 target price on shares of Viavi Solutions in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Viavi Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $55.43.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jefferies Financial Group Inc. bought a new position in shares of Viavi Solutions in the 4th quarter valued at about $1,803,000. BlackRock Inc. acquired a new stake in shares of Viavi Solutions in the second quarter valued at about $1,228,529,000. Jackson Creek Investment Advisors LLC bought a new stake in Viavi Solutions during the fourth quarter worth about $1,887,000. Intech Investment Management LLC raised its holdings in Viavi Solutions by 29.1% during the fourth quarter. Intech Investment Management LLC now owns 109,258 shares of the communications equipment provider's stock worth $1,947,000 after acquiring an additional 24,638 shares in the last quarter. Finally, Granahan Investment Management LLC acquired a new position in Viavi Solutions during the first quarter valued at approximately $3,187,000. Institutional investors and hedge funds own 95.54% of the company's stock.

About Viavi Solutions

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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