Global Retirement Partners LLC bought a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,821 shares of the communications equipment provider’s stock, valued at approximately $1,806,000.
Other institutional investors also recently modified their holdings of the company. WPG Advisers LLC lifted its stake in shares of Viavi Solutions by 96.2% in the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 380 shares during the last quarter. Carolina Wealth Advisors LLC grew its position 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 acquiring an additional 387 shares during the last quarter. Corient Private Wealth LLC grew its position in Viavi Solutions by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock worth $204,000 after acquiring an additional 394 shares during the last quarter. Lido Advisors LLC increased its holdings in Viavi Solutions by 2.0% in the 4th quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock worth $438,000 after purchasing an additional 473 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its holdings in Viavi Solutions by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock worth $580,000 after purchasing an additional 478 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, EVP Paul Mcnab sold 1,595 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the transaction, the executive vice president owned 13,876 shares in the company, valued at approximately $518,546.12. The trade was a 10.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.
Analyst Ratings Changes
View Our Latest Stock Report on VIAV
Viavi Solutions Trading Up 6.2%
NASDAQ VIAV opened at $46.26 on Tuesday. The firm has a market capitalization of $10.82 billion, a PE ratio of -308.38 and a beta of 1.22. The business’s 50-day moving average price is $43.18 and its two-hundred day moving average price is $40.05. 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 $10.44 and a 12 month high of $60.43.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The company had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, analysts expect that Viavi Solutions Inc. will post 1.32 EPS for the current year.
About Viavi Solutions
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.
Featured Articles
- Five stocks we like better than Viavi Solutions
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
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:VIAV – Free Report).
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.
