Insider Selling: Viavi Solutions (NASDAQ:VIAV) Director Sells 8,387 Shares of Stock

Key Points

• Richard Belluzzo, a director at Viavi Solutions (NASDAQ: VIAV), sold 8,387 shares at an average price of $12.63, totaling approximately $105,928. This sale decreased his ownership in the company by 3.72%.
• Viavi Solutions reported a quarterly revenue of $290.50 million, exceeding analyst estimates, with an earnings per share (EPS) of $0.13, beating the consensus estimate by $0.01.
• Several institutional investors have recently altered their stakes in Viavi Solutions, with Vanguard Group increasing its holdings by 1.8%, and Schroder Investment Management raising theirs by 16.6%.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) Director Richard Belluzzo sold 8,387 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $12.63, for a total value of $105,927.81. Following the transaction, the director directly owned 217,154 shares of the company's stock, valued at approximately $2,742,655.02. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Richard Belluzzo also recently made the following trade(s):

• On Tuesday, September 2nd, Richard Belluzzo sold 8,385 shares of Viavi Solutions stock. The shares were sold at an average price of $11.34, for a total value of $95,085.90.

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV traded up $0.10 during mid-day trading on Wednesday, hitting $12.79. The company had a trading volume of 2,149,604 shares, compared to its average volume of 2,405,801. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 79.94 and a beta of 0.91. Viavi Solutions Inc. has a 1 year low of $8.10 and a 1 year high of $12.91. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. The stock's 50-day moving average price is $11.23 and its 200-day moving average price is $10.41.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The company had revenue of $290.50 million during the quarter, compared to analyst estimates of $285.19 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm's quarterly revenue was up 15.3% on a year-over-year basis. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, sell-side analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Institutional Trading of Viavi Solutions

Several institutional investors have recently added to or reduced their stakes in VIAV. Vanguard Group Inc. raised its stake in shares of Viavi Solutions by 1.8% during the first quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider's stock valued at $340,624,000 after acquiring an additional 540,045 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Viavi Solutions by 0.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,560,567 shares of the communications equipment provider's stock valued at $118,173,000 after purchasing an additional 36,172 shares during the period. Schroder Investment Management Group lifted its position in Viavi Solutions by 16.6% during the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider's stock valued at $82,709,000 after purchasing an additional 1,166,547 shares during the period. Woodline Partners LP raised its position in shares of Viavi Solutions by 27.6% in the first quarter. Woodline Partners LP now owns 4,384,150 shares of the communications equipment provider's stock worth $49,059,000 after acquiring an additional 948,472 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Viavi Solutions by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,358,676 shares of the communications equipment provider's stock worth $37,584,000 after acquiring an additional 23,783 shares during the period. Institutional investors own 95.54% of the company's stock.

Analyst Ratings Changes

VIAV has been the topic of a number of research analyst reports. Morgan Stanley upgraded Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price target on the stock in a report on Tuesday, September 2nd. B. Riley increased their price target on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, August 8th. UBS Group increased their price target on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $13.50 target price on shares of Viavi Solutions in a report on Friday, June 20th. Finally, Susquehanna raised Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 target price on the stock in a report on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.50.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.

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