Paul Mcnab Sells 4,638 Shares of Viavi Solutions (NASDAQ:VIAV) Stock

by · The Cerbat Gem

Viavi Solutions Inc. (NASDAQ:VIAV – Get Free Report) EVP Paul Mcnab sold 4,638 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $25.80, for a total value of $119,660.40. Following the transaction, the executive vice president directly owned 21,749 shares in the company, valued at $561,124.20. This trade represents a 17.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Paul Mcnab also recently made the following trade(s):

  • On Wednesday, November 26th, Paul Mcnab sold 1,657 shares of Viavi Solutions stock. The stock was sold at an average price of $18.14, for a total value of $30,057.98.

Viavi Solutions Stock Performance

Shares of NASDAQ:VIAV opened at $25.58 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46. Viavi Solutions Inc. has a 1-year low of $8.10 and a 1-year high of $26.08. The stock has a market capitalization of $5.92 billion, a P/E ratio of -142.11 and a beta of 0.95. The business has a 50-day moving average price of $18.71 and a two-hundred day moving average price of $14.86.

Viavi Solutions (NASDAQ:VIAV – Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The company had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.25 million. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. Viavi Solutions’s revenue was up 36.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 EPS. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. Equities analysts predict that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On Viavi Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in shares of Viavi Solutions by 11.5% during the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock worth $2,051,000 after buying an additional 18,910 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Viavi Solutions by 110.5% during the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock worth $377,000 after acquiring an additional 17,673 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Viavi Solutions by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock worth $1,467,000 after acquiring an additional 5,775 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Viavi Solutions by 205.4% in the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock valued at $5,335,000 after purchasing an additional 320,662 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Viavi Solutions in the first quarter worth $165,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on VIAV shares. Argus increased their price target on Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Wall Street Zen lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 18th. Susquehanna raised their target price on Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Needham & Company LLC upped their price target on Viavi Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Stifel Nicolaus lifted their price objective on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.13.

Check Out Our Latest Stock Report on VIAV

About Viavi Solutions

(Get Free Report)

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.

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