Commerce Bank Takes $873,000 Position in Viavi Solutions Inc. $VIAV

Commerce Bank acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the second quarter, Holdings Channel reports. The institutional investor acquired 18,289 shares of the communications equipment provider’s stock, valued at approximately $873,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Viavi Solutions in the second quarter valued at approximately $1,228,529,000. Arrowstreet Capital Limited Partnership raised its holdings in Viavi Solutions by 431.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after purchasing an additional 5,389,435 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Viavi Solutions during the 1st quarter worth approximately $75,294,000. Invesco Ltd. lifted its position in shares of Viavi Solutions by 116.0% in the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after purchasing an additional 2,045,702 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Viavi Solutions by 1,011.9% in the 4th quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider’s stock worth $38,983,000 after purchasing an additional 1,990,848 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Viavi Solutions

In other news, Director Laura A. Black sold 71,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the sale, the director owned 71,497 shares in the company, valued at $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $37.37, for a total value of $59,605.15. Following the transaction, the executive vice president directly owned 13,876 shares in the company, valued at $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

VIAV has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Susquehanna boosted their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a report on Wednesday, July 1st. UBS Group cut their price target on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.88.

Viavi Solutions Stock Performance

Shares of VIAV opened at $38.78 on Thursday. Viavi Solutions Inc. has a one year low of $11.09 and a one year high of $60.43. The company has a market cap of $9.57 billion, a PE ratio of -258.52 and a beta of 1.21. The stock has a 50-day moving average of $41.60 and a 200-day moving average of $40.76. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $443.10 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities research analysts predict that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal 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.