The Manufacturers Life Insurance Company Invests $7.73 Million in Viavi Solutions Inc. $VIAV

The Manufacturers Life Insurance Company bought a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 161,979 shares of the communications equipment provider’s stock, valued at approximately $7,734,000. The Manufacturers Life Insurance Company owned about 0.07% of Viavi Solutions as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. WPG Advisers LLC increased its position in Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 380 shares during the period. Carolina Wealth Advisors LLC lifted its stake in Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after buying an additional 387 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Viavi Solutions by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock valued at $204,000 after acquiring an additional 394 shares during the period. Lido Advisors LLC boosted its holdings in shares of Viavi Solutions by 2.0% in the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock valued at $438,000 after acquiring an additional 473 shares during the period. Finally, Maryland State Retirement & Pension System grew its position in shares of Viavi Solutions by 1.5% during the fourth quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock worth $580,000 after acquiring an additional 478 shares during the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $36.54 on Monday. The company has a market cap of $9.02 billion, a price-to-earnings ratio of -243.58 and a beta of 1.22. The firm’s 50-day simple moving average is $41.22 and its 200-day simple moving average is $40.90. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. Viavi Solutions Inc. has a fifty-two week low of $11.09 and a fifty-two week high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The business’s revenue was up 52.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, equities research analysts predict that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Laura A. Black sold 71,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the transaction, the director directly owned 71,497 shares of the company’s stock, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the completion of the sale, the executive vice president directly owned 13,876 shares of the company’s stock, valued at $518,546.12. This represents a 10.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VIAV shares. Susquehanna lifted their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a report on Wednesday, July 1st. Needham & Company LLC decreased their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Stifel Nicolaus lifted their price objective on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised shares of Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Viavi Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $49.88.

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.