Richard Belluzzo Sells 8,385 Shares of Viavi Solutions (NASDAQ:VIAV) Stock

Key Points

• Richard Belluzzo, a director at Viavi Solutions, sold 8,385 shares at an average price of $11.34, amounting to a total transaction of $95,085.90, which reduced his ownership in the company by 3.58%.
• Viavi Solutions reported a 15.3% year-over-year increase in revenue for the last quarter, with earnings per share (EPS) of $0.13, exceeding analyst expectations.
• The company has received multiple upgrades from analysts, with a current average rating of "Moderate Buy" and a consensus target price of $13.50.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) Director Richard Belluzzo sold 8,385 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $11.34, for a total transaction of $95,085.90. Following the completion of the transaction, the director directly owned 225,541 shares in the company, valued at $2,557,634.94. This represents a 3.58% 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, July 1st, Richard Belluzzo sold 8,385 shares of Viavi Solutions stock. The shares were sold at an average price of $10.02, for a total transaction of $84,017.70.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV traded up $0.01 during trading on Wednesday, hitting $11.50. 3,480,713 shares of the company were exchanged, compared to its average volume of 2,390,039. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 71.88 and a beta of 0.91. Viavi Solutions Inc. has a 1 year low of $7.80 and a 1 year high of $12.91. The firm's fifty day moving average price is $10.46 and its 200 day moving average price is $10.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIAV. Family Legacy Financial Solutions LLC purchased a new position in Viavi Solutions in the 2nd quarter valued at about $43,000. USA Financial Formulas acquired a new position in shares of Viavi Solutions during the 1st quarter valued at about $53,000. AlphaQuest LLC acquired a new position in shares of Viavi Solutions during the 1st quarter valued at about $55,000. First Horizon Advisors Inc. increased its stake in shares of Viavi Solutions by 29.1% during the 1st quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock valued at $56,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Quarry LP increased its stake in shares of Viavi Solutions by 481.2% during the 1st quarter. Quarry LP now owns 9,450 shares of the communications equipment provider's stock valued at $106,000 after acquiring an additional 7,824 shares during the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on VIAV. Susquehanna upgraded shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 target price on the stock in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Rosenblatt Securities reiterated a "buy" rating and issued a $13.50 price objective on shares of Viavi Solutions in a research report on Friday, June 20th. Morgan Stanley upgraded shares of Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price objective on the stock in a research report on Tuesday. Finally, UBS Group boosted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $13.50.

Viavi Solutions Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.