PEAK6 LLC Purchases New Position in Viavi Solutions Inc. $VIAV

PEAK6 LLC purchased a new position in Viavi Solutions Inc. (NASDAQ:VIAV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,870 shares of the communications equipment provider’s stock, valued at approximately $2,477,000.

Several other institutional investors and hedge funds have also bought and sold shares of VIAV. WPG Advisers LLC boosted its position in Viavi Solutions by 96.2% during the 1st 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 in the last quarter. Carolina Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 387 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Viavi Solutions by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock worth $204,000 after acquiring an additional 394 shares in the last quarter. Lido Advisors LLC lifted its stake in shares of Viavi Solutions by 2.0% in the 4th quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock valued at $438,000 after purchasing an additional 473 shares during the period. Finally, Maryland State Retirement & Pension System lifted its stake in shares of Viavi Solutions by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock valued at $580,000 after purchasing an additional 478 shares during the period. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Laura A. Black sold 71,000 shares of the stock in a transaction dated 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 sale, the director directly owned 71,497 shares of the company’s stock, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the stock in a transaction dated Monday, August 10th. The shares were 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 in the company, valued at $518,546.12. This trade represents a 10.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by insiders.

Viavi Solutions Stock Performance

Viavi Solutions stock opened at $38.90 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $9.60 billion, a P/E ratio of -259.32 and a beta of 1.22. The stock’s 50 day moving average is $42.39 and its 200 day moving average is $40.49. Viavi Solutions Inc. has a twelve month low of $10.78 and a twelve month high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The business had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The firm’s quarterly revenue 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VIAV shares. Susquehanna upped their price target on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research note on Wednesday, July 1st. Weiss Ratings lowered Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. B. Riley Financial dropped their target price 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. Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.88.

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.