State of Wyoming Has $771,000 Stake in Viavi Solutions Inc. $VIAV

State of Wyoming lifted its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 1,129.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,160 shares of the communications equipment provider’s stock after purchasing an additional 21,276 shares during the period. State of Wyoming’s holdings in Viavi Solutions were worth $771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. WPG Advisers LLC grew its holdings 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 buying an additional 380 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Viavi Solutions by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock worth $204,000 after buying an additional 394 shares in the last quarter. Lido Advisors LLC lifted its holdings in shares of Viavi Solutions by 2.0% during the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock worth $438,000 after buying an additional 473 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Viavi Solutions by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock valued at $580,000 after acquiring an additional 478 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Viavi Solutions by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock valued at $910,000 after acquiring an additional 800 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VIAV. B. Riley Financial raised their price target on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. UBS Group boosted their price objective on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings lowered shares of Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 16th. Rosenblatt Securities restated a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a research report on Wednesday, June 10th. Finally, Susquehanna raised their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday, July 1st. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.88.

Viavi Solutions Trading Down 1.1%

VIAV opened at $41.80 on Friday. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of -174.16 and a beta of 1.18. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. Viavi Solutions Inc. has a twelve month low of $9.61 and a twelve month high of $60.43. The company has a 50-day simple moving average of $46.93 and a 200 day simple moving average of $37.60.

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

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 2,727 shares of the company’s stock in a transaction on 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 directly owned 15,471 shares in the company, valued at $850,286.16. This represents a 14.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $54.02, for a total value of $445,935.10. Following the completion of the sale, the senior vice president directly owned 20,129 shares in the company, valued at approximately $1,087,368.58. This represents a 29.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 450,369 shares of company stock valued at $23,789,119. 1.80% of the stock is currently owned by 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.