Insider Selling: Viavi Solutions (NASDAQ:VIAV) EVP Sells 1,595 Shares of Stock

Key Points

• Viavi Solutions EVP Paul Mcnab sold 1,595 shares at an average price of $37.37, generating $59,605.15. The sale reduced his holdings by 10.31%, leaving him with 13,876 shares.
• Viavi shares opened at $37.20 after falling 5.0%; the stock has traded between $10.30 and $60.43 over the past year and has a market capitalization of approximately $8.70 billion.
• The company exceeded quarterly expectations, reporting $0.34 in EPS and $443.1 million in revenue, with revenue up 52.5% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $49.88.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) EVP Paul Mcnab sold 1,595 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $37.37, for a total value of $59,605.15. Following the transaction, the executive vice president owned 13,876 shares in the company, valued at $518,546.12. The trade was a 10.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Viavi Solutions Trading Down 5.0%

Shares of Viavi Solutions stock opened at $37.20 on Tuesday. The firm has a 50-day moving average of $43.99 and a 200-day moving average of $39.24. The stock has a market cap of $8.70 billion, a PE ratio of -247.98 and a beta of 1.22. Viavi Solutions Inc. has a 52-week low of $10.30 and a 52-week high of $60.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. During the same period last year, the firm earned $0.13 earnings per share. Viavi Solutions's revenue for the quarter was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, sell-side analysts forecast that Viavi Solutions Inc. will post 1.02 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VIAV shares. Weiss Ratings cut Viavi Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, July 16th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $70.00 price objective on shares of Viavi Solutions in a report on Thursday, August 6th. Stifel Nicolaus upped their target price on Viavi Solutions from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Susquehanna increased their target price on Viavi Solutions from $65.00 to $66.00 and gave the stock a "positive" rating in a report on Wednesday, July 1st. Finally, Needham & Company LLC decreased their price target on Viavi Solutions from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.88.

Institutional Trading of Viavi Solutions

Large investors have recently bought and sold shares of the business. WPG Advisers LLC lifted its holdings in shares of Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider's stock worth $26,000 after acquiring an additional 380 shares during the last quarter. State of Wyoming bought a new position in Viavi Solutions in the 4th quarter valued at approximately $34,000. Persistent Asset Partners Ltd acquired a new stake in Viavi Solutions in the second quarter valued at approximately $38,000. Carolina Wealth Advisors LLC grew its stake in shares of Viavi Solutions by 83.2% during the second 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. Finally, Johnson Financial Group Inc. bought a new stake in shares of Viavi Solutions during the third quarter worth $44,000. 95.54% of the stock is owned by institutional investors and hedge funds.

About Viavi Solutions

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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