Geode Capital Management LLC Purchases 20,776 Shares of Viavi Solutions Inc. $VIAV

Geode Capital Management LLC lifted its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,351,211 shares of the communications equipment provider’s stock after purchasing an additional 20,776 shares during the quarter. Geode Capital Management LLC’s holdings in Viavi Solutions were worth $95,373,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Phocas Financial Corp. bought a new stake in shares of Viavi Solutions in the 4th quarter worth about $3,772,000. Jefferies Financial Group Inc. purchased a new stake in shares of Viavi Solutions during the 4th quarter valued at about $1,803,000. Fisher Asset Management LLC grew its position in Viavi Solutions by 14.2% in the third quarter. Fisher Asset Management LLC now owns 469,354 shares of the communications equipment provider’s stock worth $5,956,000 after acquiring an additional 58,364 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Viavi Solutions by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 400,886 shares of the communications equipment provider’s stock worth $5,087,000 after acquiring an additional 72,930 shares during the last quarter. Finally, Tensor Edge Capital LLC bought a new stake in Viavi Solutions during the fourth quarter worth approximately $2,673,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Insider Activity

In related news, SVP Kevin Christopher Siebert sold 8,255 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $54.02, for a total value of $445,935.10. Following the completion of the sale, the senior vice president owned 20,129 shares in the company, valued at approximately $1,087,368.58. The trade was a 29.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Doug Gilstrap sold 10,000 shares of the 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 completion of the transaction, the director directly owned 55,766 shares in the company, valued at approximately $3,067,130. This trade represents a 15.21% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 450,369 shares of company stock valued at $23,789,119. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

VIAV has been the topic of a number of recent research reports. Susquehanna upped their price objective on Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a research report on Thursday, April 30th. Needham & Company LLC boosted their target price on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. B. Riley Financial lifted their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.25.

Viavi Solutions Trading Down 10.6%

Shares of NASDAQ VIAV opened at $47.56 on Friday. Viavi Solutions Inc. has a fifty-two week low of $9.08 and a fifty-two week high of $60.43. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61. The company has a market cap of $11.12 billion, a price-to-earnings ratio of -198.16 and a beta of 1.18. The business’s 50 day moving average price is $45.84 and its 200-day moving average price is $30.89.

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

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.