Concurrent Investment Advisors LLC Invests $3.51 Million in Viavi Solutions Inc. $VIAV

Concurrent Investment Advisors LLC bought a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 73,438 shares of the communications equipment provider’s stock, valued at approximately $3,507,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GTS Securities LLC lifted its position in shares of Viavi Solutions by 4.5% during the second quarter. GTS Securities LLC now owns 6,511 shares of the communications equipment provider’s stock worth $311,000 after acquiring an additional 283 shares in the last quarter. WPG Advisers LLC grew its position in shares of Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 380 shares in the last quarter. Carolina Wealth Advisors LLC grew its position in shares of Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after purchasing an additional 387 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Viavi Solutions by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock valued at $204,000 after purchasing an additional 394 shares in the last quarter. Finally, Lido Advisors LLC raised its stake in shares of Viavi Solutions by 2.0% during 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. 95.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VIAV. Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. UBS Group reduced their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. B. Riley Financial decreased their price target 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. Susquehanna increased their price target 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. Finally, Wall Street Zen lowered shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.43.

Insiders Place Their Bets

In other news, EVP Paul McNab sold 1,595 shares of the business’s 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 completion of the transaction, the executive vice president owned 13,876 shares of the company’s stock, valued at approximately $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Luke Scrivanich sold 23,911 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $36.37, for a total transaction of $869,643.07. Following the completion of the transaction, the senior vice president owned 39,598 shares in the company, valued at approximately $1,440,179.26. This trade represents a 37.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 152,796 shares of company stock worth $6,246,532. Insiders own 1.80% of the company’s stock.

Viavi Solutions Stock Performance

Shares of VIAV stock opened at $34.86 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 $11.53 and a 52-week high of $60.43. The company has a market capitalization of $8.60 billion, a PE ratio of -232.38 and a beta of 1.22. The business’s fifty day moving average is $39.44 and its 200 day moving average is $41.25.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The firm’s quarterly revenue was up 52.5% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities research analysts anticipate 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.