Peregrine Capital Management LLC Acquires Shares of 367,441 Viavi Solutions Inc. $VIAV

Peregrine Capital Management LLC bought a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 367,441 shares of the communications equipment provider’s stock, valued at approximately $12,228,000.

A number of other institutional investors have also modified their holdings of VIAV. State of Wyoming acquired a new stake in shares of Viavi Solutions during the fourth quarter worth $34,000. Johnson Financial Group Inc. acquired a new position in Viavi Solutions in the 3rd quarter valued at $44,000. Hantz Financial Services Inc. raised its position in Viavi Solutions by 86.2% during the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock worth $51,000 after buying an additional 1,317 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Viavi Solutions by 25.8% in the 4th quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock worth $73,000 after acquiring an additional 845 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Viavi Solutions in the 4th quarter worth $90,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Price Performance

VIAV stock opened at $47.75 on Wednesday. The stock’s 50 day moving average price is $49.59 and its 200 day moving average price is $34.80. The firm has a market cap of $11.17 billion, a P/E ratio of -198.95 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61. Viavi Solutions Inc. has a 1 year low of $9.61 and a 1 year high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The company had revenue of $406.80 million during the quarter, compared to the consensus estimate of $393.80 million. During the same quarter last year, the business posted $0.15 earnings per share. Viavi Solutions’s revenue was up 42.8% compared to the same quarter last year. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, sell-side analysts expect that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VIAV has been the subject of several analyst reports. Weiss Ratings raised shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. B. Riley Financial lifted their price objective on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 24th. Susquehanna boosted their target price on Viavi Solutions from $25.00 to $65.00 and gave the stock a “positive” rating in a research report on Thursday, April 30th. UBS Group increased their target price on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a report on Wednesday, June 10th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.75.

Insider Buying and Selling at Viavi Solutions

In related news, EVP Paul Mcnab sold 2,727 shares of Viavi Solutions stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $54.96, for a total transaction of $149,875.92. Following the completion of the sale, the executive vice president owned 15,471 shares in the company, valued at approximately $850,286.16. This trade represents a 14.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 10,693 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the completion of the transaction, the senior vice president directly owned 39,287 shares of the company’s stock, valued at $2,082,211. The trade was a 21.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 450,369 shares of company stock valued at $23,789,119. 1.80% of the stock is owned by company insiders.

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.