Insider Selling: Viavi Solutions (NASDAQ:VIAV) Director Sells 71,000 Shares of Stock

Key Points

• Viavi Solutions director Laura Black sold 71,000 shares at an average price of $46.12, generating approximately $3.27 million. The sale reduced her ownership by 49.83%, leaving her with 71,497 shares.
• VIAV shares fell 11.3% to $41.01 during Tuesday trading. The company recently exceeded quarterly earnings and revenue expectations, with revenue increasing 52.5% year over year, and issued first-quarter fiscal 2027 EPS guidance of $0.40–$0.42.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $49.88, although targets range from $60 to $65 among some firms.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) Director Laura Black sold 71,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the transaction, the director owned 71,497 shares in the company, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Viavi Solutions Trading Down 11.3%

VIAV traded down $5.25 during mid-day trading on Tuesday, hitting $41.01. 1,694,289 shares of the stock were exchanged, compared to its average volume of 6,264,379. The firm's fifty day moving average is $43.18 and its two-hundred day moving average is $40.05. Viavi Solutions Inc. has a 1-year low of $10.44 and a 1-year high of $60.43. The company has a market cap of $9.59 billion, a PE ratio of -273.26 and a beta of 1.22. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27.

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, beating the consensus estimate 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 revenue was up 52.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities analysts forecast that Viavi Solutions Inc. will post 1.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VIAV has been the subject of a number of recent research reports. Stifel Nicolaus lifted their target price on Viavi Solutions from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Zacks Research upgraded Viavi Solutions from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 13th. Wall Street Zen raised Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Weiss Ratings cut Viavi Solutions from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, August 11th. Finally, Needham & Company LLC lowered their price objective on Viavi Solutions from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.88.

Hedge Funds Weigh In On Viavi Solutions

Several large investors have recently bought and sold shares of VIAV. WPG Advisers LLC lifted its holdings in Viavi Solutions by 96.2% during the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider's stock worth $26,000 after buying an additional 380 shares during the last quarter. Silvant Capital Management LLC purchased a new position in shares of Viavi Solutions in the 2nd quarter valued at about $33,000. State of Wyoming acquired a new stake in shares of Viavi Solutions during the 4th quarter worth about $34,000. Persistent Asset Partners Ltd purchased a new stake in Viavi Solutions during the second quarter worth approximately $38,000. Finally, Carolina Wealth Advisors LLC lifted its position in shares of 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 buying an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company's stock.

Viavi Solutions Company Profile

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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