Viavi Solutions (NASDAQ:VIAV) SVP Luke Scrivanich Sells 8,987 Shares

Key Points

• Luke Scrivanich, SVP of Viavi Solutions, sold 8,987 shares of the company's stock on September 25th for a total of $109,371.79, reducing his ownership stake by 10.18%.
• Viavi Solutions reported earnings of $0.13 per share for the last quarter, surpassing expectations and showing a 15.3% increase in quarterly revenue year-over-year.
• Several analysts have recently upgraded their ratings on Viavi Solutions, with a current average price target of $13.50, reflecting a generally positive outlook for the company's stock.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) SVP Luke Scrivanich sold 8,987 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $12.17, for a total value of $109,371.79. Following the transaction, the senior vice president directly owned 79,335 shares of the company's stock, valued at approximately $965,506.95. The trade was a 10.18% 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 $0.02 during trading hours on Thursday, hitting $12.29. 1,281,163 shares of the company's stock were exchanged, compared to its average volume of 2,414,506. 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 $2.74 billion, a P/E ratio of 76.82 and a beta of 0.91. The firm has a 50 day moving average of $11.05 and a two-hundred day moving average of $10.36. Viavi Solutions Inc. has a fifty-two week low of $8.10 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.

Analyst Upgrades and Downgrades

VIAV has been the subject of several recent research reports. 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. Morgan Stanley raised Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price objective for the company in a research note on Tuesday, September 2nd. 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. 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, 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. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.50.

Institutional Trading of Viavi Solutions

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

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.

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