Viavi Solutions Inc. $VIAV Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 90.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,000 shares of the communications equipment provider’s stock after selling 1,015,588 shares during the period. Renaissance Technologies LLC’s holdings in Viavi Solutions were worth $3,661,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC lifted its stake in Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 380 shares during the last quarter. State of Wyoming purchased a new stake in shares of Viavi Solutions in the 4th quarter valued at approximately $34,000. Johnson Financial Group Inc. purchased a new stake in shares of Viavi Solutions in the 3rd quarter valued at approximately $44,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Viavi Solutions in the 1st quarter valued at $50,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Viavi Solutions by 86.2% in the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after purchasing an additional 1,317 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VIAV. UBS Group lowered their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday. Susquehanna raised their price target on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research note on Wednesday, July 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a report on Thursday. Stifel Nicolaus upped their price objective on Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Needham & Company LLC lowered their price objective on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.88.

Viavi Solutions News Roundup

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: Viavi reported fiscal fourth-quarter adjusted earnings of $0.34 per share, above the $0.30 consensus estimate, while revenue reached $443.1 million—also ahead of expectations and up 52.5% year over year. Viavi Solutions Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Management issued fiscal first-quarter 2027 EPS guidance of $0.40 to $0.42 and is targeting a $500 million quarterly revenue run rate in calendar 2027. Growth is being supported by data-center, aerospace-and-defense demand and contributions from the Spirent portfolio. Viavi Anticipates Q1 FY2027 EPS and $500 Million Quarter
• Positive Sentiment: The earnings call highlighted expanding test opportunities tied to 1.6-terabit networking, co-packaged optics and optical switching, potentially strengthening Viavi’s exposure to AI-related data-center infrastructure. VIAVI Q4 Earnings Call Signals Data Center Strength
• Neutral Sentiment: Analyst sentiment remains broadly constructive, with buy ratings and targets of $60 from Needham and B. Riley, $65 from Stifel and $70 from Rosenblatt, implying substantial potential upside from recent trading levels.
• Negative Sentiment: UBS lowered its target from $60 to $44 and assigned a neutral rating. Other firms also reduced their targets, suggesting concerns that the strong earnings outlook may already be reflected in the valuation. Analyst Price Target Updates
• Negative Sentiment: A valuation-focused assessment following the earnings beat may be contributing to selling pressure, particularly as Viavi continues to report a negative net margin and carries a high earnings multiple based on current results. Viavi Solutions Following Earnings Beat and Guidance

Viavi Solutions Trading Down 3.6%

NASDAQ:VIAV opened at $39.14 on Friday. The company has a market capitalization of $9.16 billion, a PE ratio of -260.92 and a beta of 1.21. Viavi Solutions Inc. has a 52-week low of $10.30 and a 52-week high of $60.43. The stock’s 50 day moving average price is $44.19 and its 200 day moving average price is $38.96. The company has a quick ratio of 1.39, a current ratio of 1.85 and a debt-to-equity ratio of 0.27.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The firm’s revenue for the quarter was up 52.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, research analysts anticipate that Viavi Solutions Inc. will post 1.02 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.