Viavi Solutions (NASDAQ:VIAV) Shares Down 6.9% – Should You Sell?
by Doug Wharley · The Cerbat GemViavi Solutions Inc. (NASDAQ:VIAV – Get Free Report)’s share price was down 6.9% during trading on Thursday . The stock traded as low as $17.30 and last traded at $17.2690. Approximately 1,354,914 shares were traded during trading, a decline of 55% from the average daily volume of 3,032,290 shares. The stock had previously closed at $18.54.
Analyst Ratings Changes
VIAV has been the topic of several recent research reports. Rosenblatt Securities lifted their price objective on shares of Viavi Solutions from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Needham & Company LLC lifted their target price on Viavi Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Stifel Nicolaus increased their price objective on shares of Viavi Solutions from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.44.
View Our Latest Stock Report on Viavi Solutions
Viavi Solutions Price Performance
The company has a current ratio of 1.99, a quick ratio of 1.74 and a debt-to-equity ratio of 0.88. The stock has a 50-day simple moving average of $17.72 and a 200 day simple moving average of $13.61. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 243.44 and a beta of 0.94.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.70%. The business had revenue of $299.10 million during the quarter, compared to analyst estimates of $294.35 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. On average, equities research analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, EVP Ilan Daskal sold 170,000 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $17.49, for a total value of $2,973,300.00. Following the transaction, the executive vice president owned 10,132 shares in the company, valued at approximately $177,208.68. This represents a 94.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Kevin Christopher Siebert sold 24,225 shares of Viavi Solutions stock in a transaction on Monday, December 8th. The shares were sold at an average price of $18.26, for a total transaction of $442,348.50. Following the completion of the sale, the senior vice president directly owned 49,225 shares of the company’s stock, valued at approximately $898,848.50. The trade was a 32.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 606,226 shares of company stock valued at $10,714,820 in the last three months. Company insiders own 1.80% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in VIAV. GAMMA Investing LLC raised its stake in shares of Viavi Solutions by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock valued at $42,000 after acquiring an additional 825 shares in the last quarter. Family Legacy Financial Solutions LLC bought a new stake in Viavi Solutions during the second quarter worth approximately $43,000. Johnson Financial Group Inc. acquired a new position in Viavi Solutions during the third quarter valued at approximately $44,000. Covestor Ltd raised its position in shares of Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 676 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Viavi Solutions by 32.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after acquiring an additional 898 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.
About Viavi Solutions
Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.
Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.