Viavi Solutions (NASDAQ:VIAV) SVP Luke Scrivanich Sells 11,873 Shares

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 Scrivanich sold 11,873 shares of the firm's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $11.18, for a total transaction of $132,740.14. Following the sale, the senior vice president owned 66,836 shares in the company, valued at approximately $747,226.48. This trade represents a 15.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Viavi Solutions Trading Up 1.9%

NASDAQ:VIAV traded up $0.21 during trading hours on Tuesday, reaching $11.49. The company's stock had a trading volume of 3,752,314 shares, compared to its average volume of 2,383,469. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 71.82 and a beta of 0.91. The firm has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $10.28. Viavi Solutions Inc. has a 1 year low of $7.80 and a 1 year high of $12.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.50.

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 analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $290.50 million for the quarter, compared to analysts' expectations of $285.19 million. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. The firm's revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. Research analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in 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 worth $340,624,000 after acquiring an additional 540,045 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake 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 worth $118,173,000 after acquiring an additional 36,172 shares in the last quarter. Schroder Investment Management Group boosted its stake 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 worth $82,709,000 after acquiring an additional 1,166,547 shares in the last quarter. Woodline Partners LP boosted its stake in Viavi Solutions by 27.6% during 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Viavi Solutions by 0.7% during 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 in the last quarter. Institutional investors own 95.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VIAV shares. UBS Group raised their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. B. Riley raised their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Wall Street Zen raised shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Morgan Stanley raised shares of Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 target price on the stock in a research note on Tuesday. Finally, Susquehanna raised 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 note on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.

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