Headlands Technologies LLC Acquires New Position in Viavi Solutions Inc. $VIAV

Headlands Technologies LLC bought a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the second quarter, HoldingsChannel.com reports. The firm bought 97,308 shares of the communications equipment provider’s stock, valued at approximately $4,646,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Silvant Capital Management LLC purchased a new position in shares of Viavi Solutions during the 2nd quarter worth $33,000. WPG Advisers LLC boosted its holdings in shares of 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 purchasing an additional 380 shares during the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of Viavi Solutions in the second quarter valued at $38,000. Carolina Wealth Advisors LLC increased 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 purchasing an additional 387 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Viavi Solutions during the second quarter worth about $57,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Laura A. Black sold 71,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the sale, the director directly owned 71,497 shares in the company, valued at approximately $3,297,441.64. The trade was a 49.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the company’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 sale, the executive vice president directly owned 13,876 shares in the company, valued at approximately $518,546.12. This represents a 10.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is currently owned by insiders.

Viavi Solutions Price Performance

Shares of Viavi Solutions stock opened at $36.54 on Monday. Viavi Solutions Inc. has a 1-year low of $11.09 and a 1-year high of $60.43. The company has a market capitalization of $9.02 billion, a PE ratio of -243.58 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. The business has a 50-day moving average of $41.22 and a 200-day moving average of $40.90.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $443.10 million during 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 firm’s revenue for the quarter was up 52.5% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, equities analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on VIAV. UBS Group lowered their price target on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. B. Riley Financial dropped their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Stifel Nicolaus lifted their price target on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Needham & Company LLC decreased their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Weiss Ratings raised shares of Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.88.

Viavi Solutions 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.