GSA Capital Partners LLP Makes New Investment in Viavi Solutions Inc. $VIAV

GSA Capital Partners LLP purchased a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 21,372 shares of the communications equipment provider’s stock, valued at approximately $1,021,000.

A number of other hedge funds have also recently made changes to their positions in VIAV. Royal Bank of Canada grew its holdings in shares of Viavi Solutions by 11.5% during the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after purchasing an additional 18,910 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Viavi Solutions by 110.5% in the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after acquiring an additional 17,673 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Viavi Solutions by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock valued at $1,467,000 after acquiring an additional 5,775 shares during the period. Millennium Management LLC grew its position in Viavi Solutions by 205.4% during the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock worth $5,335,000 after acquiring an additional 320,662 shares during the last quarter. Finally, United Services Automobile Association bought a new position in Viavi Solutions during the 1st quarter worth approximately $165,000. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Price Performance

VIAV opened at $46.26 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. Viavi Solutions Inc. has a 52-week low of $10.44 and a 52-week high of $60.43. The stock has a market capitalization of $10.82 billion, a PE ratio of -308.38 and a beta of 1.22. The stock’s 50 day moving average price is $43.18 and its 200-day moving average price is $40.05.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. The firm’s revenue for the quarter was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities research analysts predict that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Insider Buying and Selling at Viavi Solutions

In related news, EVP Paul Mcnab sold 1,595 shares of the company’s 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 sale, the executive vice president directly owned 13,876 shares of the company’s stock, valued at $518,546.12. This represents a 10.31% 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. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VIAV. Weiss Ratings downgraded Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Zacks Research upgraded shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Wall Street Zen raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday. UBS Group lowered their price target on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Finally, B. Riley Financial cut their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. One 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 issued a Sell rating to the company. According to MarketBeat.com, Viavi Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.88.

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.