Viavi Solutions Inc. $VIAV Shares Sold by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. cut its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 22.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,504 shares of the communications equipment provider’s stock after selling 23,392 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Viavi Solutions were worth $3,796,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. WPG Advisers LLC boosted its holdings in shares of Viavi Solutions by 96.2% during the first 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 period. Silvant Capital Management LLC bought a new stake in Viavi Solutions in the 2nd quarter valued at about $33,000. State of Wyoming bought a new stake in Viavi Solutions in the 4th quarter valued at about $34,000. Persistent Asset Partners Ltd acquired a new position in Viavi Solutions during the 2nd quarter valued at about $38,000. Finally, Carolina Wealth Advisors LLC grew its position in Viavi Solutions by 83.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after purchasing an additional 387 shares during the last quarter. Institutional investors own 95.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on VIAV. Weiss Ratings raised shares of Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. Stifel Nicolaus upped their price target on Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. UBS Group decreased their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. B. Riley Financial reduced their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Susquehanna increased their price target on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.88.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $36.54 on Friday. The company has a market capitalization of $9.02 billion, a PE ratio of -243.58 and a beta of 1.21. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. Viavi Solutions Inc. has a twelve month low of $11.09 and a twelve month high of $60.43. The firm has a fifty day simple moving average of $41.22 and a 200 day simple moving average of $40.81.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share 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 the consensus estimate of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The business’s revenue was up 52.5% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, sell-side analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Insider Buying and Selling

In other Viavi Solutions news, EVP Paul Mcnab sold 1,595 shares of the business’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 value of $59,605.15. Following the transaction, the executive vice president directly owned 13,876 shares of the company’s stock, valued at approximately $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the transaction, the director owned 71,497 shares in the company, valued at $3,297,441.64. The trade was 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 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.