95,761 Shares in Viavi Solutions Inc. $VIAV Acquired by Granahan Investment Management LLC

Granahan Investment Management LLC purchased a new position in Viavi Solutions Inc. (NASDAQ:VIAV) during the first quarter, Holdings Channel reports. The fund purchased 95,761 shares of the communications equipment provider’s stock, valued at approximately $3,187,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jefferies Financial Group Inc. purchased a new position in shares of Viavi Solutions in the fourth quarter valued at about $1,803,000. Phocas Financial Corp. purchased a new stake in shares of Viavi Solutions during the fourth quarter worth about $3,772,000. Jackson Creek Investment Advisors LLC bought a new stake in shares of Viavi Solutions in the fourth quarter worth about $1,887,000. Tensor Edge Capital LLC bought a new stake in shares of Viavi Solutions in the fourth quarter worth about $2,673,000. Finally, JPMorgan Chase & Co. increased its holdings in Viavi Solutions by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 400,886 shares of the communications equipment provider’s stock valued at $5,087,000 after purchasing an additional 72,930 shares during the period. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Trading Down 5.5%

VIAV opened at $39.52 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. Viavi Solutions Inc. has a 52 week low of $9.61 and a 52 week high of $60.43. The stock has a market cap of $9.24 billion, a PE ratio of -164.66 and a beta of 1.18. The business has a 50 day moving average of $46.69 and a 200-day moving average of $37.61.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $406.80 million for 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 for the quarter was up 42.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Equities research analysts predict that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Paul Mcnab sold 2,727 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $54.96, for a total value of $149,875.92. Following the sale, the executive vice president directly owned 15,471 shares of the company’s stock, valued at $850,286.16. This represents a 14.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Oleg Khaykin sold 136,547 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the completion of the transaction, the chief executive officer owned 1,188,798 shares of the company’s stock, valued at approximately $61,603,512.36. The trade was a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 450,369 shares of company stock worth $23,789,119. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VIAV has been the subject of a number of recent analyst reports. B. Riley Financial upped their price target on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Rosenblatt Securities reissued a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a research note on Wednesday, June 10th. Weiss Ratings downgraded Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 16th. UBS Group raised their price target on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Susquehanna lifted their price target 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. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Viavi Solutions presently has an average rating of “Moderate Buy” and an average target price of $42.88.

About Viavi Solutions

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.