Landscape Capital Management L.L.C. bought a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 39,983 shares of the communications equipment provider’s stock, valued at approximately $1,909,000.
Several other hedge funds have also modified their holdings of VIAV. BlackRock Inc. acquired a new stake in shares of Viavi Solutions in the second quarter valued at approximately $1,228,529,000. Capital World Investors raised its position in 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Viavi Solutions by 3.5% during 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 buying an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Viavi Solutions by 0.5% during the 4th 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 in the last quarter. Finally, Geode Capital Management LLC boosted its position in Viavi Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock valued at $95,373,000 after buying an additional 20,776 shares during the last quarter. 95.54% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Needham & Company LLC lowered their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a research note on Wednesday. Zacks Research upgraded Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Stifel Nicolaus lifted their price objective on Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Susquehanna lifted their price objective on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $49.88.
Viavi Solutions Price Performance
Shares of VIAV stock opened at $38.90 on Friday. Viavi Solutions Inc. has a 52-week low of $10.78 and a 52-week high of $60.43. The stock has a market cap of $9.60 billion, a PE ratio of -259.32 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. The firm’s 50 day moving average price is $42.39 and its two-hundred day moving average price is $40.39.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last released its earnings results 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. The firm had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The business’s quarterly revenue was up 52.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current year.
Insider Buying and Selling at Viavi Solutions
In related news, Director Laura A. Black sold 71,000 shares of Viavi Solutions stock in a transaction on Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the sale, the director directly owned 71,497 shares of the company’s stock, valued at $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Mcnab sold 1,595 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the completion of the sale, the executive vice president owned 13,876 shares of the company’s stock, valued at $518,546.12. This represents a 10.31% decrease in their position. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by company insiders.
Viavi Solutions Company 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.
Read More
- Five stocks we like better than Viavi Solutions
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
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.
