Jackson Creek Investment Advisors LLC Purchases New Shares in Viavi Solutions Inc. $VIAV

Jackson Creek Investment Advisors LLC purchased a new stake in Viavi Solutions Inc. (NASDAQ:VIAVFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 105,905 shares of the communications equipment provider’s stock, valued at approximately $1,887,000.

Other institutional investors have also made changes to their positions in the company. Johnson Financial Group Inc. bought a new position in shares of Viavi Solutions in the third quarter valued at about $44,000. Covestor Ltd raised its holdings in shares of Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after buying an additional 676 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Viavi Solutions by 86.2% in the fourth 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 raised its holdings in shares of Viavi Solutions by 25.8% in the fourth quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock valued at $73,000 after buying an additional 845 shares during the last quarter. Finally, Swiss Life Asset Management Ltd bought a new position in shares of Viavi Solutions in the third quarter valued at about $133,000. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Price Performance

Viavi Solutions stock opened at $53.79 on Wednesday. The firm has a market capitalization of $12.58 billion, a P/E ratio of -224.12 and a beta of 1.22. Viavi Solutions Inc. has a 1 year low of $8.87 and a 1 year high of $60.43. The business has a 50-day moving average of $43.11 and a 200-day moving average of $29.13. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99.

Viavi Solutions (NASDAQ:VIAVGet Free Report) last posted its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $406.80 million during the quarter, compared to analyst estimates of $393.80 million. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, equities analysts anticipate that Viavi Solutions Inc. will post 0.73 EPS for the current year.

Insider Activity at Viavi Solutions

In other news, EVP Paul Mcnab sold 3,551 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $32.89, for a total transaction of $116,792.39. Following the completion of the transaction, the executive vice president directly owned 18,198 shares in the company, valued at approximately $598,532.22. The trade was a 16.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $54.02, for a total value of $445,935.10. Following the completion of the transaction, the senior vice president owned 20,129 shares of the company’s stock, valued at $1,087,368.58. This represents a 29.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 461,184 shares of company stock worth $24,158,554. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. B. Riley Financial lifted their price target on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 24th. Susquehanna lifted their price target on Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a report on Thursday, April 30th. UBS Group lifted their price target on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Wall Street Zen upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Needham & Company LLC lifted their price objective on Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $39.25.

Check Out Our Latest Stock Report on VIAV

About Viavi Solutions

(Free Report)

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.

See Also

Want to see what other hedge funds are holding VIAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viavi Solutions Inc. (NASDAQ:VIAVFree Report).

Institutional Ownership by Quarter for Viavi Solutions (NASDAQ:VIAV)

Receive News & Ratings for Viavi Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions and related companies with MarketBeat.com's FREE daily email newsletter.