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Viavi Solutions Inc. (NASDAQ:VIAV) director Richard Belluzzo sold 8,385 shares of common stock on August 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The $2.19 billion market cap technology company, which trades at a P/E ratio of 426, appears overvalued according to InvestingPro analysis. The shares were sold at a weighted average price of $9.72, for a total transaction value of approximately $81,502. Prices ranged from $9.62 to $9.90
Following the transaction, Belluzzo directly owns 233,926 shares of Viavi Solutions Inc.
The sale was executed under a Rule 10b5-1 stock trading plan dated February 4, 2025. Investors should note that VIAV’s next earnings report is scheduled for August 7, 2025, just 6 days away, with the stock showing historically low volatility with a beta of 0.89.
In other recent news, Viavi Solutions Inc. reported its third-quarter fiscal 2025 results, revealing earnings per share of $0.15, which exceeded analyst estimates by $0.03. The company also reported revenue of $284.8 million, slightly above the consensus estimate of $282.13 million. Despite these favorable results, Viavi’s stock faced pressure due to its fourth-quarter guidance, which projected earnings per share of $0.10 to $0.13, falling short of the consensus estimate of $0.14. Revenue for the upcoming quarter is forecasted between $278 to $290 million, compared to the expected $293.6 million.
Additionally, Moody’s has downgraded Viavi’s corporate family rating from Ba2 to Ba3, with a negative outlook assigned. This follows Viavi’s announcement of its acquisition of Spirent (LON:SPT) Communications plc’s High-Speed Ethernet and Network Security Business. The acquisition, expected to close by the end of July 2025, will be financed by a proposed $600 million term loan B.
In other company developments, Viavi has expanded its VALOR lab in Chandler, Arizona, with new colocation capabilities for Open RAN testing. Furthermore, Viavi has partnered with Hanyang University in South Korea to advance 5G and 6G technologies through a Memorandum of Understanding.
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