Viavi Solutions Inc. $VIAV Stock Holdings Lowered by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 30,212,183 shares of the communications equipment provider’s stock after selling 1,211,548 shares during the period. Vanguard Group Inc. owned 0.14% of Viavi Solutions worth $383,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VIAV. Covestor Ltd raised its holdings in shares of Viavi Solutions by 22.9% during the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 676 shares during the period. GAMMA Investing LLC raised its holdings in shares of Viavi Solutions by 33.6% during the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after acquiring an additional 825 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Viavi Solutions by 32.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after purchasing an additional 898 shares in the last quarter. Amalgamated Bank lifted its stake in Viavi Solutions by 1.8% in the third quarter. Amalgamated Bank now owns 64,746 shares of the communications equipment provider’s stock valued at $822,000 after acquiring an additional 1,165 shares during the last quarter. Finally, White Pine Capital LLC lifted its stake in shares of Viavi Solutions by 1.6% in the 2nd quarter. White Pine Capital LLC now owns 76,929 shares of the communications equipment provider’s stock valued at $775,000 after purchasing an additional 1,215 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Trading Down 3.1%

Viavi Solutions stock opened at $29.90 on Friday. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of -166.10 and a beta of 0.96. Viavi Solutions Inc. has a 12 month low of $8.10 and a 12 month high of $31.42. The business has a 50 day moving average price of $21.97 and a two-hundred day moving average price of $16.90. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The firm had revenue of $369.30 million for the quarter, compared to analyst estimates of $365.25 million. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The business’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, equities analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Gary W. Staley sold 24,237 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $23.93, for a total transaction of $579,991.41. Following the completion of the transaction, the senior vice president directly owned 136,267 shares in the company, valued at $3,260,869.31. This represents a 15.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Belluzzo sold 15,775 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $26.85, for a total transaction of $423,558.75. Following the sale, the director owned 211,850 shares of the company’s stock, valued at $5,688,172.50. This trade represents a 6.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 830,596 shares of company stock worth $18,646,027 over the last three months. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. B. Riley Financial raised their price objective on Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Argus boosted their price objective on shares of Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Wall Street Zen downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 18th. Finally, Needham & Company LLC raised their target price on shares of Viavi Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $22.13.

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.