Deutsche Bank AG Takes $27.91 Million Position in Viavi Solutions Inc. $VIAV

Deutsche Bank AG acquired a new position in Viavi Solutions Inc. (NASDAQ:VIAV) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 584,448 shares of the communications equipment provider’s stock, valued at approximately $27,907,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VIAV. WPG Advisers LLC boosted its holdings in shares of Viavi Solutions by 96.2% in the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 380 shares in the last quarter. State of Wyoming bought a new position in shares of Viavi Solutions during the 4th quarter worth approximately $34,000. Persistent Asset Partners Ltd purchased a new stake in Viavi Solutions during the second quarter valued at approximately $38,000. Carolina Wealth Advisors LLC lifted its position in 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. acquired a new stake in Viavi Solutions in the third quarter valued at approximately $44,000. 95.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VIAV shares. Weiss Ratings lowered shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Needham & Company LLC dropped their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Stifel Nicolaus upped their target price on Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, UBS Group decreased their price target on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research note 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 given a Sell rating to the stock. According to MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and an average target price of $49.88.

Insider Buying and Selling

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director directly owned 71,497 shares in the company, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $37.37, for a total transaction of $59,605.15. Following the transaction, the executive vice president directly owned 13,876 shares in the company, valued at approximately $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Stock Up 0.9%

VIAV stock opened at $38.90 on Friday. Viavi Solutions Inc. has a one year low of $10.78 and a one year high of $60.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. The firm’s fifty day moving average is $42.39 and its 200 day moving average is $40.39. The firm has a market cap of $9.60 billion, a PE ratio of -259.32 and a beta of 1.21.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The business had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue for the quarter was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, research analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current year.

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.