Viavi Solutions (NASDAQ:VIAV) SVP Kevin Christopher Siebert Sells 13,115 Shares

Key Points

• Kevin Christopher Siebert, Senior Vice President of Viavi Solutions, sold 13,115 shares of the company at an average price of $11.18, totaling approximately $146,625.70, which represents a 15.56% decrease in his ownership.
• Viavi Solutions reported a quarterly EPS of $0.13, exceeding analyst estimates, and had revenue of $290.50 million for the quarter, which was up 15.3% year-over-year.
• Institutional investors own 95.54% of Viavi Solutions, with several firms acquiring new stakes in the company during the last two quarters.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) SVP Kevin Christopher Siebert sold 13,115 shares of the firm's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $11.18, for a total value of $146,625.70. Following the completion of the sale, the senior vice president owned 71,159 shares of the company's stock, valued at approximately $795,557.62. This represents a 15.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kevin Christopher Siebert also recently made the following trade(s):

• On Friday, August 29th, Kevin Christopher Siebert sold 13,115 shares of Viavi Solutions stock. The stock was sold at an average price of $11.18, for a total value of $146,625.70.

Viavi Solutions Trading Down 0.6%

VIAV traded down $0.07 during trading on Friday, reaching $11.66. The company had a trading volume of 2,156,893 shares, compared to its average volume of 3,749,990. The stock has a market cap of $2.60 billion, a P/E ratio of 72.88 and a beta of 0.91. The business has a 50 day simple moving average of $10.57 and a 200-day simple moving average of $10.26. Viavi Solutions Inc. has a 52 week low of $7.80 and a 52 week high of $12.91. 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 (NASDAQ:VIAV - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The company 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%.Viavi Solutions's revenue was up 15.3% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, equities analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley upgraded Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price target for the company in a research report on Tuesday, September 2nd. Wall Street Zen upgraded Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Susquehanna upgraded Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 target price for the company in a research report on Friday, August 8th. Rosenblatt Securities reiterated a "buy" rating and set a $13.50 target price on shares of Viavi Solutions in a research report on Friday, June 20th. Finally, B. Riley lifted their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Viavi Solutions has an average rating of "Moderate Buy" and an average target price of $13.50.

Institutional Trading of Viavi Solutions

Several institutional investors and hedge funds have recently made changes to their positions in VIAV. Family Legacy Financial Solutions LLC bought a new stake in shares of Viavi Solutions in the second quarter valued at about $43,000. USA Financial Formulas bought a new stake in shares of Viavi Solutions in the first quarter valued at about $53,000. AlphaQuest LLC bought a new stake in shares of Viavi Solutions in the first quarter valued at about $55,000. First Horizon Advisors Inc. raised its holdings in 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 in the last quarter. Finally, Quarry LP raised its holdings in Viavi Solutions by 481.2% in the first quarter. Quarry LP now owns 9,450 shares of the communications equipment provider's stock worth $106,000 after purchasing an additional 7,824 shares in the last quarter. 95.54% of the stock is currently owned by 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.