Viavi Solutions (NASDAQ:VIAV) Stock Price Down 7.4% – What’s Next?

Viavi Solutions Inc. (NASDAQ:VIAV) shares were down 7.4% during mid-day trading on Friday . The stock traded as low as $46.45 and last traded at $46.6880. 1,043,169 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 6,347,521 shares. The stock had previously closed at $50.44.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VIAV shares. UBS Group boosted their target price on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Susquehanna boosted their price objective on shares of Viavi Solutions from $25.00 to $65.00 and gave the stock a “positive” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, Needham & Company LLC increased their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $42.75.

Viavi Solutions Trading Down 5.6%

The company has a 50 day moving average of $49.40 and a two-hundred day moving average of $34.29. The stock has a market capitalization of $11.14 billion, a PE ratio of -198.45 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $393.80 million. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The firm’s revenue was up 42.8% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Sell-side analysts predict that Viavi Solutions Inc. will post 0.73 EPS for the current year.

Insider Transactions at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 10,693 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total value of $566,729.00. Following the completion of the sale, the senior vice president directly owned 39,287 shares in the company, valued at $2,082,211. This trade represents a 21.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $54.02, for a total transaction of $445,935.10. Following the sale, the senior vice president directly owned 20,129 shares in the company, valued at approximately $1,087,368.58. This represents a 29.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 450,369 shares of company stock worth $23,789,119 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Viavi Solutions

Institutional investors and hedge funds have recently made changes to their positions in 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 valued at $84,258,000 after buying an additional 5,389,435 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Viavi Solutions in the 1st quarter worth $75,294,000. Invesco Ltd. lifted its position in Viavi Solutions by 116.0% during the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after acquiring an additional 2,045,702 shares during the period. Marshall Wace LLP lifted its position in Viavi Solutions by 1,011.9% during the 4th quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider’s stock worth $38,983,000 after acquiring an additional 1,990,848 shares during the period. Finally, Bowen Hanes & Co. Inc. purchased a new stake in Viavi Solutions during the 4th quarter valued at about $33,323,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

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.