69,728 Shares in Viavi Solutions Inc. $VIAV Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in Viavi Solutions Inc. (NASDAQ:VIAV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 69,728 shares of the communications equipment provider’s stock, valued at approximately $3,330,000.

A number of other institutional investors have also recently bought and sold shares of VIAV. Jefferies Financial Group Inc. acquired a new stake in shares of Viavi Solutions during the 4th quarter worth approximately $1,803,000. Jackson Creek Investment Advisors LLC acquired a new position in Viavi Solutions during the fourth quarter valued at approximately $1,887,000. Tensor Edge Capital LLC acquired a new position in Viavi Solutions during the fourth quarter valued at approximately $2,673,000. BlackRock Inc. bought a new stake in Viavi Solutions during the second quarter worth $1,228,529,000. Finally, Granahan Investment Management LLC bought a new stake in Viavi Solutions during the first quarter worth $3,187,000. Institutional investors own 95.54% of the company’s stock.

Analysts Set New Price Targets

VIAV has been the topic of several recent analyst reports. Needham & Company LLC decreased their price target on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Zacks Research upgraded Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Stifel Nicolaus raised their price objective on Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. B. Riley Financial decreased their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, 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 research report on Thursday, August 6th. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.88.

Insider Activity

In other news, EVP Paul Mcnab sold 1,595 shares of Viavi Solutions stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $37.37, for a total transaction of $59,605.15. Following the sale, the executive vice president directly owned 13,876 shares of the company’s stock, valued at approximately $518,546.12. This trade represents a 10.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Laura A. Black sold 71,000 shares of Viavi Solutions stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $46.12, for a total value of $3,274,520.00. Following the sale, the director directly owned 71,497 shares in the company, valued at $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is currently owned by company insiders.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $38.90 on Monday. The firm’s fifty day moving average price is $42.39 and its two-hundred day moving average price is $40.49. The stock has a market cap of $9.60 billion, a PE ratio of -259.32 and a beta of 1.22. 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 fifty-two week low of $10.78 and a fifty-two week high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.Viavi Solutions’s revenue was up 52.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities analysts expect that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.

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.