Viavi Solutions (NASDAQ:VIAV) Shares Down 6.9% – Should You Sell?
by Mitch Edgeman · The Markets DailyViavi Solutions Inc. (NASDAQ:VIAV – Get Free Report)’s stock price fell 6.9% during mid-day trading on Thursday . The company traded as low as $17.30 and last traded at $17.2690. 1,354,914 shares were traded during mid-day trading, a decline of 55% from the average session volume of 3,032,290 shares. The stock had previously closed at $18.54.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. UBS Group lifted their price objective on Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Argus lifted their price target on Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen upgraded shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Stifel Nicolaus raised their price objective on shares of Viavi Solutions from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Finally, B. Riley raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and an average target price of $17.44.
Check Out Our Latest Stock Analysis on Viavi Solutions
Viavi Solutions Stock Up 3.9%
The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 254.00 and a beta of 0.94. The firm has a 50 day simple moving average of $17.72 and a two-hundred day simple moving average of $13.69. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.74.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $294.35 million. Viavi Solutions had a return on equity of 10.70% and a net margin of 1.33%.Viavi Solutions’s revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. As a group, sell-side analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current year.
Insiders Place Their Bets
In other news, Director Eugenia Corrales sold 3,384 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $18.76, for a total transaction of $63,483.84. Following the sale, the director owned 3,384 shares of the company’s stock, valued at $63,483.84. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Oleg Khaykin sold 68,810 shares of Viavi Solutions stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $17.77, for a total value of $1,222,753.70. Following the transaction, the chief executive officer owned 1,956,195 shares in the company, valued at $34,761,585.15. This trade represents a 3.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 606,226 shares of company stock worth $10,714,820 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its holdings in shares of Viavi Solutions by 431.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after buying an additional 5,389,435 shares in the last quarter. Aberdeen Group plc bought a new stake in Viavi Solutions in the 3rd quarter valued at approximately $20,110,000. Schroder Investment Management Group boosted its position in Viavi Solutions by 16.6% during the 2nd quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock worth $82,709,000 after acquiring an additional 1,166,547 shares during the last quarter. Tributary Capital Management LLC grew its stake in shares of Viavi Solutions by 92.9% during the 3rd quarter. Tributary Capital Management LLC now owns 2,207,642 shares of the communications equipment provider’s stock worth $28,015,000 after acquiring an additional 1,063,330 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Viavi Solutions by 772.9% during the 3rd quarter. Millennium Management LLC now owns 1,163,336 shares of the communications equipment provider’s stock worth $14,763,000 after acquiring an additional 1,030,071 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.
Viavi Solutions Company Profile
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.