Lisanti Capital Growth LLC acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 65,275 shares of the communications equipment provider’s stock, valued at approximately $3,117,000.
Several other hedge funds have also bought and sold shares of VIAV. WPG Advisers LLC lifted its position in 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 in the last quarter. State of Wyoming bought a new position in shares of Viavi Solutions in the fourth quarter valued at approximately $34,000. Persistent Asset Partners Ltd bought a new position in shares of Viavi Solutions in the second quarter valued at approximately $38,000. Carolina Wealth Advisors LLC boosted its position in shares of Viavi Solutions by 83.2% during the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after buying an additional 387 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Viavi Solutions during the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 95.54% of the company’s stock.
Viavi Solutions Stock Down 6.4%
VIAV stock opened at $38.74 on Thursday. The stock has a fifty day moving average of $42.92 and a 200-day moving average of $40.30. Viavi Solutions Inc. has a fifty-two week low of $10.44 and a fifty-two week high of $60.43. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of -258.25 and a beta of 1.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85.
Insider Activity at Viavi Solutions
In related news, Director Laura A. Black sold 71,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the sale, the director directly owned 71,497 shares in the company, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $37.37, for a total transaction of $59,605.15. Following the completion of the transaction, the executive vice president directly owned 13,876 shares of the company’s stock, valued at approximately $518,546.12. This trade represents a 10.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Rosenblatt Securities restated a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a report on Wednesday. UBS Group cut their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings downgraded Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $49.88.
Key Stories Impacting Viavi Solutions
Here are the key news stories impacting Viavi Solutions this week:
- Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and maintained a $70 price target, implying substantial upside from recent trading levels. The firm’s view supports optimism about Viavi’s exposure to network testing, communications infrastructure and AI-related growth. Rosenblatt Securities rating report
- Positive Sentiment: Viavi’s latest quarterly results exceeded expectations, with earnings of $0.34 per share versus the $0.30 consensus estimate and revenue of $443.1 million versus forecasts of $432.6 million. Revenue increased 52.5% year over year, and management guided to first-quarter fiscal 2027 earnings of $0.40 to $0.42 per share.
- Positive Sentiment: Analyst sentiment remains favorable overall. Viavi has a “Moderate Buy” consensus rating and an average price target of $49.88, although several firms recently lowered their targets. Institutional investors also own approximately 95.5% of the company’s outstanding shares.
- Neutral Sentiment: Director Laura Black sold 71,000 shares for approximately $3.27 million at an average price of $46.12. She retained 71,497 shares, but the transaction reduced her direct ownership by 49.83%. The sale was disclosed in an SEC filing and may reflect personal portfolio management rather than a change in the company’s outlook. Laura Black insider sale
- Negative Sentiment: The insider transaction is likely weighing on sentiment because it was large relative to the director’s holdings and occurred near recent highs. The stock also remains volatile after a sharp rally, with a negative net margin and a valuation that is difficult to assess using its negative P/E ratio.
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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