Insider Selling: Viavi Solutions (NASDAQ:VIAV) Director Sells 8,385 Shares of 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 transaction, the director owned 225,541 shares in the company, valued at $2,557,634.94. The trade was a 3.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 Stock Down 0.4%

VIAV stock traded down $0.05 during midday trading on Monday, reaching $11.61. 2,579,826 shares of the company's stock traded hands, compared to its average volume of 3,749,990. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 72.57 and a beta of 0.91. The firm's fifty day moving average price is $10.60 and its 200-day moving average price is $10.26. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. Viavi Solutions Inc. has a 52 week low of $7.80 and a 52 week high of $12.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The business had revenue of $290.50 million during 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%. Viavi Solutions's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, sell-side analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. B. Riley upped their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Susquehanna upgraded shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 target price for the company in a research note on Friday, August 8th. Rosenblatt Securities restated a "buy" rating and set a $13.50 price target on shares of Viavi Solutions in a research report on Friday, June 20th. Finally, UBS Group increased their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the company 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.

Institutional Investors Weigh In On Viavi Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Heritage Family Offices LLP increased its position in shares of Viavi Solutions by 7.5% in the first quarter. Heritage Family Offices LLP now owns 14,970 shares of the communications equipment provider's stock worth $168,000 after purchasing an additional 1,045 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Viavi Solutions by 29.1% in the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock worth $56,000 after purchasing an additional 1,138 shares during the last quarter. White Pine Capital LLC increased its position in shares of Viavi Solutions by 1.6% in the second quarter. White Pine Capital LLC now owns 76,929 shares of the communications equipment provider's stock worth $775,000 after purchasing an additional 1,215 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Viavi Solutions by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 261,801 shares of the communications equipment provider's stock worth $2,636,000 after purchasing an additional 1,302 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Viavi Solutions by 0.8% during the second quarter. California State Teachers Retirement System now owns 205,931 shares of the communications equipment provider's stock worth $2,074,000 after acquiring an additional 1,537 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

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.