Louisiana State Employees Retirement System Invests $3.42 Million in Viavi Solutions Inc. $VIAV

Louisiana State Employees Retirement System bought a new position in Viavi Solutions Inc. (NASDAQ:VIAV) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 102,600 shares of the communications equipment provider’s stock, valued at approximately $3,415,000.

Several other large investors have also added to or reduced their stakes in the business. State of Wyoming bought a new position in shares of Viavi Solutions in the fourth quarter valued at approximately $34,000. Johnson Financial Group Inc. purchased a new stake in Viavi Solutions in the 3rd quarter valued at $44,000. Hantz Financial Services Inc. raised its position in Viavi Solutions by 86.2% in the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after buying an additional 1,317 shares during the last quarter. GAMMA Investing LLC lifted its stake in Viavi Solutions by 25.8% during the 4th quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock valued at $73,000 after acquiring an additional 845 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Viavi Solutions in the 4th quarter worth $90,000. Institutional investors own 95.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VIAV. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a report on Wednesday, June 10th. Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Susquehanna increased their price objective on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a research note on Thursday, April 30th. Weiss Ratings raised shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, UBS Group boosted their target price on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.75.

Viavi Solutions Stock Down 5.6%

VIAV opened at $47.63 on Friday. Viavi Solutions Inc. has a twelve month low of $9.61 and a twelve month high of $60.43. The company’s 50-day moving average price is $49.40 and its two-hundred day moving average price is $34.29. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of -198.45 and a beta of 1.18. 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 (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The company had revenue of $406.80 million for the quarter, compared to analysts’ expectations of $393.80 million. During the same quarter in the previous year, the firm posted $0.15 EPS. Viavi Solutions’s revenue was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, equities analysts expect that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Insider Transactions at Viavi Solutions

In related news, SVP Kevin Christopher Siebert sold 8,255 shares of Viavi Solutions stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $54.02, for a total value of $445,935.10. Following the completion of the sale, the senior vice president owned 20,129 shares of the company’s stock, valued at approximately $1,087,368.58. This trade represents a 29.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Doug Gilstrap sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total value of $550,000.00. Following the completion of the sale, the director owned 55,766 shares in the company, valued at $3,067,130. This represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 450,369 shares of company stock valued at $23,789,119. 1.80% of the stock is currently owned by insiders.

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.