Oak Ridge Investments LLC Makes New $3.86 Million Investment in Viavi Solutions Inc. $VIAV

Oak Ridge Investments LLC bought a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 303,778 shares of the communications equipment provider’s stock, valued at approximately $3,855,000. Oak Ridge Investments LLC owned about 0.14% of Viavi Solutions as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Viavi Solutions by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after acquiring an additional 825 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Viavi Solutions by 32.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock valued at $47,000 after acquiring an additional 898 shares during the last quarter. Park Avenue Securities LLC bought a new position in Viavi Solutions in the 2nd quarter valued at $109,000. Vise Technologies Inc. purchased a new stake in Viavi Solutions in the second quarter worth $128,000. Finally, Headlands Technologies LLC bought a new stake in shares of Viavi Solutions during the second quarter worth $148,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Ilan Daskal sold 170,000 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $17.49, for a total value of $2,973,300.00. Following the completion of the transaction, the executive vice president directly owned 10,132 shares of the company’s stock, valued at $177,208.68. This trade represents a 94.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Keith Barnes sold 121,467 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $18.18, for a total transaction of $2,208,270.06. Following the sale, the director directly owned 27,213 shares in the company, valued at approximately $494,732.34. This represents a 81.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 606,226 shares of company stock valued at $10,714,820. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. B. Riley upgraded shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, October 30th. Needham & Company LLC upped their target price on Viavi Solutions from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Rosenblatt Securities upped their price objective on shares of Viavi Solutions from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. UBS Group boosted their price target on shares of Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viavi Solutions in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.44.

Viavi Solutions Trading Down 1.3%

NASDAQ VIAV opened at $18.60 on Friday. The firm has a market cap of $4.15 billion, a PE ratio of 265.71 and a beta of 0.94. Viavi Solutions Inc. has a 52 week low of $8.10 and a 52 week high of $19.75. The company has a quick ratio of 1.74, a current ratio of 1.99 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average price of $17.80 and a 200 day moving average price of $14.00.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Viavi Solutions had a return on equity of 10.70% and a net margin of 1.33%.The business had revenue of $299.10 million for the quarter, compared to the consensus estimate of $294.35 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The business’s quarterly revenue was up 25.6% on a year-over-year basis. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. As a group, sell-side analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

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.