Viavi Solutions Inc. $VIAV Stock Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 131.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,300 shares of the communications equipment provider’s stock after acquiring an additional 19,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Viavi Solutions were worth $1,438,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VIAV. WPG Advisers LLC lifted its stake in shares of Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 380 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in Viavi Solutions during the 2nd quarter valued at approximately $33,000. Fortitude Family Office LLC increased its holdings in Viavi Solutions by 413.3% during the 3rd quarter. Fortitude Family Office LLC now owns 811 shares of the communications equipment provider’s stock worth $34,000 after purchasing an additional 653 shares during the last quarter. Persistent Asset Partners Ltd purchased a new stake in Viavi Solutions during the 2nd quarter worth approximately $38,000. Finally, Carolina Wealth Advisors LLC increased its holdings in Viavi Solutions by 83.2% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after purchasing an additional 387 shares during the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of the company’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 $3,297,441.64. This represents a 49.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ilan Daskal sold 56,290 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $36.29, for a total value of $2,042,764.10. Following the transaction, the executive vice president directly owned 10,132 shares of the company’s stock, valued at approximately $367,690.28. The trade was a 84.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 199,694 shares of company stock valued at $7,976,233. 1.20% of the stock is currently owned by insiders.

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV opened at $29.38 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. Viavi Solutions Inc. has a 12-month low of $15.51 and a 12-month high of $60.43. The stock has a 50 day simple moving average of $37.12 and a 200-day simple moving average of $38.55. The company has a market cap of $7.23 billion, a PE ratio of -195.85 and a beta of 1.31.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, November 4th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $469.30 million during the quarter, compared to analyst estimates of $455.06 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. Viavi Solutions’s revenue was up 56.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. On average, equities research analysts forecast that Viavi Solutions Inc. will post 1.42 EPS for the current year.

Viavi Solutions News Summary

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: For fiscal Q1 2027, Viavi reported adjusted earnings of $0.47 per share, above the roughly $0.41 analyst consensus, and revenue of $469.3 million, ahead of estimates. Earnings rose from $0.15 a year earlier, while revenue increased 56.9% year over year. VIAVI Announces First Quarter Fiscal 2027 Results
• Positive Sentiment: Management provided optimistic revenue guidance for the next quarter, adding support to the view that recent business momentum could continue. Viavi reports bullish Q3 and provides next-quarter guidance
• Positive Sentiment: Viavi announced a $500 million share buyback. The authorization may return capital to shareholders and signals management’s willingness to repurchase shares, though the timing and amount of actual purchases are not specified. Viavi announces a $500 million equity buyback

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group reduced their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Zacks Research lowered shares of Viavi Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a report on Wednesday, September 23rd. Finally, B. Riley Financial reduced their price objective on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $60.83.

Viavi Solutions Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops equipment, software and services used to test, monitor and secure communications networks. Its solutions support network operators, equipment manufacturers, government agencies and other organizations involved in the design, deployment and operation of wired and wireless networks.

The company’s products include fiber-optic and broadband test instruments, network performance and service-assurance software, optical spectrum analyzers, monitoring systems and tools for testing 5G and other advanced communications technologies.