Empowered Funds LLC Acquires New Holdings in Viavi Solutions Inc. $VIAV

Empowered Funds LLC purchased a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAVFree Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 197,310 shares of the communications equipment provider’s stock, valued at approximately $9,422,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in Viavi Solutions during the 4th quarter valued at approximately $1,803,000. BlackRock Inc. bought a new stake in shares of Viavi Solutions in the second quarter valued at approximately $1,228,529,000. Jackson Creek Investment Advisors LLC bought a new stake in shares of Viavi Solutions in the fourth quarter valued at approximately $1,887,000. Tensor Edge Capital LLC bought a new position in Viavi Solutions during the fourth quarter worth $2,673,000. Finally, Intech Investment Management LLC increased its position in Viavi Solutions by 29.1% during the fourth quarter. Intech Investment Management LLC now owns 109,258 shares of the communications equipment provider’s stock worth $1,947,000 after acquiring an additional 24,638 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

Viavi Solutions stock opened at $36.54 on Friday. The firm has a market capitalization of $9.02 billion, a P/E ratio of -243.58 and a beta of 1.21. The stock has a fifty day moving average price of $41.22 and a two-hundred day moving average price of $40.81. Viavi Solutions Inc. has a 52-week low of $11.09 and a 52-week high of $60.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62.

Viavi Solutions (NASDAQ:VIAVGet Free Report) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The business had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter last year, the company posted $0.13 EPS. The firm’s revenue for the quarter was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, analysts anticipate that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VIAV. B. Riley Financial reduced their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Weiss Ratings upgraded Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. UBS Group cut their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Needham & Company LLC lowered their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Viavi Solutions has an average rating of “Moderate Buy” and a consensus price target of $49.88.

Get Our Latest Stock Analysis on Viavi Solutions

Insider Buying and Selling

In other Viavi Solutions news, EVP Paul Mcnab sold 1,595 shares of Viavi Solutions stock in a transaction on Monday, August 10th. The stock was sold at an average price of $37.37, for a total value of $59,605.15. Following the completion of 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 SEC, which can be accessed through this hyperlink. Also, Director Laura A. Black sold 71,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.80% of the company’s stock.

Viavi Solutions Profile

(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.

Further Reading

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

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