Viavi Solutions (NASDAQ:VIAV) SVP Sells $146,625.70 in Stock

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 shares were sold at an average price of $11.18, for a total transaction of $146,625.70. Following the completion of the transaction, the senior vice president owned 71,159 shares in the company, valued at $795,557.62. The trade was a 15.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $11.18, for a total transaction of $146,625.70.

Viavi Solutions Stock Performance

Viavi Solutions stock traded up $0.21 during mid-day trading on Tuesday, reaching $11.49. The company had a trading volume of 3,752,314 shares, compared to its average volume of 2,383,469. 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. The company has a 50 day moving average of $10.43 and a 200-day moving average of $10.28. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 71.82 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, sell-side analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Viavi Solutions

Institutional investors have recently modified their holdings of the business. Family Legacy Financial Solutions LLC acquired a new stake in shares of Viavi Solutions during the 2nd quarter worth approximately $43,000. USA Financial Formulas acquired a new stake in shares of Viavi Solutions during the 1st quarter worth approximately $53,000. AlphaQuest LLC acquired a new stake in shares of Viavi Solutions during the 1st quarter worth approximately $55,000. First Horizon Advisors Inc. grew its position in shares of Viavi Solutions by 29.1% during the 1st quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock worth $56,000 after buying an additional 1,138 shares during the period. Finally, Quarry LP grew its position in shares of Viavi Solutions by 481.2% during the 1st quarter. Quarry LP now owns 9,450 shares of the communications equipment provider's stock worth $106,000 after buying an additional 7,824 shares during the period. Institutional investors and hedge funds own 95.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. B. Riley lifted their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Rosenblatt Securities reissued a "buy" rating and set a $13.50 price target on shares of Viavi Solutions in a report on Friday, June 20th. Wall Street Zen raised shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report 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 price target for the company in a report on Tuesday. Finally, Susquehanna raised shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target for the company in a 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 company's stock. Based on data from MarketBeat, Viavi Solutions presently has an average rating of "Moderate Buy" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.