Luke M. Scrivanich Sells 11,873 Shares of Viavi Solutions (NASDAQ:VIAV) Stock

Key Points

• SVP Luke Scrivanich of Viavi Solutions sold 11,873 shares at an average price of $11.18, reducing his total holdings by 15.08%.
• The company reported an EPS of $0.13 for the last quarter, exceeding expectations, with a revenue of $290.50 million—up 15.3% from the previous year.
• Analysts maintain a Moderate Buy rating for Viavi Solutions, with a consensus price target of $13.50 following several recent upgrades from investment firms.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) SVP Luke M. Scrivanich sold 11,873 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $11.18, for a total value of $132,740.14. Following the transaction, the senior vice president directly owned 66,836 shares of the company's stock, valued at approximately $747,226.48. The trade was a 15.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Viavi Solutions Price Performance

Shares of VIAV stock traded down $0.07 during trading hours on Friday, hitting $11.66. 2,156,893 shares of the company's stock were exchanged, compared to its average volume of 3,749,990. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.60 billion, a P/E ratio of 72.88 and a beta of 0.91. The firm has a 50 day moving average of $10.57 and a two-hundred day moving average of $10.26. Viavi Solutions Inc. has a fifty-two week low of $7.80 and a fifty-two week high of $12.91.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Susquehanna raised Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price objective for the company in a research note on Friday, August 8th. B. Riley increased their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. UBS Group increased their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Rosenblatt Securities reissued a "buy" rating and issued a $13.50 price objective on shares of Viavi Solutions in a research note on Friday, June 20th. Finally, Wall Street Zen raised Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $13.50.

Institutional Trading of Viavi Solutions

Several large investors have recently added to or reduced their stakes in the stock. Marex Group plc purchased a new stake in Viavi Solutions in the 2nd quarter valued at $191,000. Public Sector Pension Investment Board grew its holdings in Viavi Solutions by 8.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 761,012 shares of the communications equipment provider's stock valued at $7,663,000 after buying an additional 56,596 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Viavi Solutions in the 2nd quarter valued at $148,000. CANADA LIFE ASSURANCE Co grew its holdings in Viavi Solutions by 1.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 232,229 shares of the communications equipment provider's stock valued at $2,340,000 after buying an additional 3,763 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Viavi Solutions by 790.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 50,083 shares of the communications equipment provider's stock valued at $504,000 after buying an additional 44,457 shares in the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

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.