In a recent transaction, Kevin Christopher Siebert, Senior Vice President, General Counsel, and Secretary of Viavi Solutions Inc. (NASDAQ:), sold 8,432 shares of the company’s common stock. The sale was executed at a weighted average price of $8.63 per share, totaling approximately $72,768.

The transaction took place on August 29, 2024, with the sale conducted through multiple trades at prices ranging from $8.48 to $8.71. The disclosed average price of $8.63 reflects the weighted average sale price of the shares. Post-transaction, Siebert continues to hold 56,617 shares of Viavi Solutions Inc.

It’s noteworthy that the shares were sold pursuant to a Rule 10b5-1 Stock Trading Plan, which was established on February 10, 2023. This plan allows company insiders to set up a predetermined schedule for buying or selling shares at a time when they are not in possession of material non-public information, providing a defense against claims of insider trading.

Investors and the public can request full details of the transaction, including the exact number of shares sold at each price point, from Siebert, Viavi Solutions Inc., or the SEC staff as per the footnotes in the SEC filing.

Viavi Solutions Inc. specializes in network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, civil, government, military, and avionics customers.

In other recent news, Viavi Solutions has announced its fourth-quarter and full-year earnings for 2024. The company reported a net revenue of $252 million for the quarter, a 2.4% increase sequentially but a 4.4% decrease year-over-year. The full fiscal year revenue reached $1 billion, marking a 9.6% decrease compared to the previous year. Viavi’s operating margin for the quarter was 10.9%, and earnings per share (EPS) reached $0.08.

In a bid to increase operational efficiency, Viavi has initiated a restructuring plan aimed at achieving annualized cost savings of approximately $25 million by the end of fiscal 2025. For the first quarter of fiscal 2025, the company anticipates revenue to be in the range of $235 million to $245 million. These are part of the recent developments at Viavi Solutions, which despite a challenging market environment, is focusing on strategic restructuring and cost-saving measures.

The company also highlighted the deployment of 5G technology and the recovery in demand for anti-counterfeiting and 3D sensing products as potential future growth opportunities. It is worth noting that these projections are based on the company’s own analysis and the general market conditions.

InvestingPro Insights

As Viavi Solutions Inc. (NASDAQ:VIAV) sees insider trading activity, it’s essential for investors to consider the company’s financial health and market performance. According to InvestingPro data, Viavi Solutions has a market capitalization of $1.89 billion, indicating its significant presence in the industry. Despite a challenging period with a revenue decline of 9.56% over the last twelve months as of Q4 2024, the company has managed to maintain a high gross profit margin of 58.94%. This suggests that while top-line growth has been under pressure, the company has been effective in controlling the cost of goods sold, thereby preserving profitability at the gross level.

InvestingPro Tips further inform that Viavi Solutions is expected to become profitable this year, as analysts predict a turnaround from its previous performance. This is particularly noteworthy considering the company’s negative price-to-earnings (P/E) ratio of -73.45, which reflects investor sentiment about future earnings potential. Moreover, the company’s strong return over the last three months, with a price total return of 15.97%, implies a positive market reaction to developments within the company or its industry sector.

With liquid assets surpassing short-term obligations, Viavi Solutions appears to be in a stable liquidity position, which is critical for meeting its immediate financial commitments. This, combined with a moderate level of debt, positions the company to navigate the dynamic market conditions and invest in growth opportunities.

While the company does not pay dividends, which could be a detractor for income-focused investors, the expectation of net income growth and profitability could appeal to those looking for capital appreciation. For investors interested in a deeper dive into Viavi Solutions’ financials and future prospects, InvestingPro offers additional tips and metrics, available at https://www.investing.com/pro/VIAV.

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