Leonteq Securities AG acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,000 shares of the communications equipment provider’s stock, valued at approximately $666,000.
A number of other institutional investors and hedge funds have also bought and sold shares of VIAV. Capital World Investors increased its holdings in shares of Viavi Solutions by 4.4% in the 4th quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock worth $278,356,000 after purchasing an additional 664,956 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Viavi Solutions by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock worth $86,875,000 after purchasing an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Viavi Solutions by 0.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock worth $118,915,000 after buying an additional 33,463 shares during the period. Geode Capital Management LLC raised its stake in Viavi Solutions by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock worth $95,373,000 after acquiring an additional 20,776 shares during the period. Finally, Invesco Ltd. raised its position in shares of Viavi Solutions by 116.0% during the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock valued at $67,886,000 after purchasing an additional 2,045,702 shares during the period. 95.54% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on VIAV shares. UBS Group lifted their target price on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Susquehanna upped their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday. B. Riley Financial raised their price target on Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings raised shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.88.
Viavi Solutions Price Performance
Viavi Solutions stock opened at $41.66 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The firm has a market cap of $9.74 billion, a P/E ratio of -173.58 and a beta of 1.18. Viavi Solutions Inc. has a twelve month low of $9.61 and a twelve month high of $60.43. The business has a fifty day moving average of $49.54 and a two-hundred day moving average of $35.21.
Viavi Solutions (NASDAQ:VIAV – Get 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, beating the consensus estimate of $0.24 by $0.03. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The company had revenue of $406.80 million for the quarter, compared to analyst estimates of $393.80 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, analysts forecast that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.
Insider Transactions at Viavi Solutions
In other Viavi Solutions news, CEO Oleg Khaykin sold 136,547 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the sale, the chief executive officer owned 1,188,798 shares of the company’s stock, valued at approximately $61,603,512.36. The trade was a 10.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Luke M. Scrivanich sold 10,693 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the sale, the senior vice president directly owned 39,287 shares in the company, valued at $2,082,211. This trade represents a 21.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 450,369 shares of company stock worth $23,789,119. 1.80% of the stock is currently owned by corporate 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.
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