Madison Asset Management LLC Invests $3.06 Million in Viavi Solutions Inc. $VIAV

Madison Asset Management LLC bought a new position in Viavi Solutions Inc. (NASDAQ:VIAV) during the second quarter, Holdings Channel reports. The firm bought 64,137 shares of the communications equipment provider’s stock, valued at approximately $3,063,000.

Other large investors have also bought and sold shares of the company. WPG Advisers LLC lifted its position in shares of Viavi Solutions by 96.2% during the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 380 shares in the last quarter. State of Wyoming bought a new position in shares of Viavi Solutions in the fourth quarter valued at approximately $34,000. Persistent Asset Partners Ltd purchased a new stake in shares of Viavi Solutions during the second quarter valued at approximately $38,000. Carolina Wealth Advisors LLC increased its position in shares of Viavi Solutions by 83.2% during the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after acquiring an additional 387 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in Viavi Solutions during the third quarter worth $44,000. 95.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Susquehanna boosted their price objective on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research report on Wednesday, July 1st. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a research note on Wednesday. Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, Needham & Company LLC reduced their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.88.

Viavi Solutions Trading Down 0.5%

NASDAQ:VIAV opened at $38.56 on Friday. Viavi Solutions Inc. has a 12 month low of $10.49 and a 12 month high of $60.43. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average is $42.68 and its 200 day moving average is $40.40. The stock has a market capitalization of $9.51 billion, a PE ratio of -257.05 and a beta of 1.21.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $432.62 million. During the same period in the prior year, the company earned $0.13 earnings per share. Viavi Solutions’s 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. Sell-side analysts expect that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.

Insider Buying and Selling at Viavi Solutions

In other news, EVP Paul Mcnab sold 1,595 shares of the stock in a transaction on 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 in the company, valued at approximately $518,546.12. This represents a 10.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura A. Black sold 71,000 shares of Viavi Solutions stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the sale, the director directly owned 71,497 shares of the company’s stock, valued at approximately $3,297,441.64. This trade represents a 49.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is currently owned by corporate insiders.

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.