303,778 Shares in Viavi Solutions Inc. $VIAV Acquired by Oak Ridge Investments LLC

Oak Ridge Investments LLC purchased a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the third quarter, Holdings Channel reports. The fund purchased 303,778 shares of the communications equipment provider’s stock, valued at approximately $3,855,000.

Several other large investors have also made changes to their positions in VIAV. Schroder Investment Management Group increased its stake in shares of Viavi Solutions by 16.6% in the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock worth $82,709,000 after acquiring an additional 1,166,547 shares during the period. Tributary Capital Management LLC grew its position in Viavi Solutions by 92.9% during the 3rd quarter. Tributary Capital Management LLC now owns 2,207,642 shares of the communications equipment provider’s stock worth $28,015,000 after purchasing an additional 1,063,330 shares during the period. Balyasny Asset Management L.P. grew its position in Viavi Solutions by 1,658.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 889,877 shares of the communications equipment provider’s stock worth $8,961,000 after purchasing an additional 839,265 shares during the period. Penserra Capital Management LLC purchased a new position in shares of Viavi Solutions during the 2nd quarter valued at about $7,764,000. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Viavi Solutions by 104.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,368,397 shares of the communications equipment provider’s stock valued at $13,780,000 after buying an additional 698,767 shares during the period. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Stock Down 1.3%

VIAV opened at $18.60 on Friday. The company has a market cap of $4.15 billion, a PE ratio of 265.71 and a beta of 0.94. Viavi Solutions Inc. has a twelve month low of $8.10 and a twelve month high of $19.75. The company has a 50-day moving average price of $17.80 and a 200 day moving average price of $14.00. The company has a quick ratio of 1.74, a current ratio of 1.99 and a debt-to-equity ratio of 0.88.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $294.35 million. Viavi Solutions had a return on equity of 10.70% and a net margin of 1.33%.The business’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. Sell-side analysts expect that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In related news, Director Richard John Burns sold 3,384 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $18.76, for a total transaction of $63,483.84. Following the completion of the sale, the director owned 3,384 shares of the company’s stock, valued at approximately $63,483.84. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ilan Daskal sold 170,000 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $17.49, for a total transaction of $2,973,300.00. Following the completion of the sale, the executive vice president owned 10,132 shares of the company’s stock, valued at approximately $177,208.68. The trade was a 94.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 606,226 shares of company stock valued at $10,714,820. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VIAV. UBS Group lifted their price target on Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Argus boosted their target price on shares of Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Wall Street Zen lowered shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Rosenblatt Securities lifted their price target on Viavi Solutions from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Needham & Company LLC increased their price target on Viavi Solutions from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $17.44.

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.