Viavi Solutions Inc. $VIAV Position Cut by Dean Capital Management

Dean Capital Management decreased its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 45.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 121,150 shares of the communications equipment provider’s stock after selling 100,255 shares during the quarter. Viavi Solutions comprises 1.7% of Dean Capital Management’s holdings, making the stock its 4th biggest position. Dean Capital Management’s holdings in Viavi Solutions were worth $4,032,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VIAV. Granahan Investment Management LLC purchased a new position in shares of Viavi Solutions during the first quarter worth approximately $3,187,000. Entropy Technologies LP purchased a new stake in Viavi Solutions in the 1st quarter valued at $215,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Viavi Solutions during the 1st quarter worth $3,048,000. Hilltop Holdings Inc. purchased a new position in Viavi Solutions during the 1st quarter worth $696,000. Finally, Inceptionr LLC purchased a new position in Viavi Solutions during the 1st quarter worth $207,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions Price Performance

VIAV stock opened at $39.52 on Monday. The stock has a market capitalization of $9.24 billion, a PE ratio of -164.66 and a beta of 1.18. The company has a fifty day moving average of $46.69 and a 200-day moving average of $37.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61. Viavi Solutions Inc. has a one year low of $9.61 and a one year high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $406.80 million for the quarter, compared to analyst estimates of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The business’s revenue was up 42.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, analysts expect that Viavi Solutions Inc. will post 0.73 EPS for the current year.

Insider Activity at Viavi Solutions

In related news, Director Doug Gilstrap sold 10,000 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the sale, the director directly owned 55,766 shares in the company, valued at $3,067,130. The trade was a 15.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Luke M. Scrivanich sold 10,693 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $53.00, for a total value of $566,729.00. Following the transaction, the senior vice president directly owned 39,287 shares in the company, valued at $2,082,211. This represents a 21.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 450,369 shares of company stock worth $23,789,119 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on VIAV. B. Riley Financial lifted their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Susquehanna boosted their price target on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday, July 1st. Weiss Ratings downgraded Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a research note on Wednesday, June 10th. Finally, Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Viavi Solutions has a consensus rating of “Moderate Buy” and an average price target of $42.88.

About Viavi Solutions

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.