Viavi Solutions Inc. $VIAV Stake Lessened by Earnest Partners LLC

Earnest Partners LLC lessened its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 815,259 shares of the communications equipment provider’s stock after selling 45,901 shares during the quarter. Earnest Partners LLC’s holdings in Viavi Solutions were worth $10,346,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Viavi Solutions by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock valued at $42,000 after purchasing an additional 825 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Viavi Solutions in the 3rd quarter worth $44,000. Covestor Ltd raised its stake in shares of Viavi Solutions by 22.9% in the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after buying an additional 676 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Viavi Solutions by 32.0% in the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock valued at $47,000 after buying an additional 898 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Viavi Solutions by 12.7% in the third quarter. Smartleaf Asset Management LLC now owns 10,835 shares of the communications equipment provider’s stock valued at $136,000 after buying an additional 1,224 shares during the period. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Gary W. Staley sold 24,237 shares of Viavi Solutions stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $23.93, for a total value of $579,991.41. Following the transaction, the senior vice president directly owned 136,267 shares of the company’s stock, valued at $3,260,869.31. This trade represents a 15.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Oleg Khaykin sold 42,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $27.50, for a total transaction of $1,176,092.50. Following the sale, the chief executive officer owned 1,592,854 shares in the company, valued at $43,803,485. This represents a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 485,772 shares of company stock worth $12,736,803. 1.80% of the stock is owned by company insiders.

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV opened at $29.97 on Monday. The stock’s fifty day simple moving average is $24.75 and its 200 day simple moving average is $18.53. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of -166.49 and a beta of 0.91. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46. Viavi Solutions Inc. has a 52-week low of $8.10 and a 52-week high of $35.61.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The business had revenue of $369.30 million during the quarter, compared to the consensus estimate of $365.25 million. During the same period in the prior year, the business posted $0.13 earnings per share. Viavi Solutions’s revenue was up 36.4% compared to the same quarter last year. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, sell-side analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen lowered Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Stifel Nicolaus upped their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a research report on Monday, December 29th. Rosenblatt Securities set a $27.00 price objective on shares of Viavi Solutions in a research note on Thursday, January 29th. Finally, Susquehanna boosted their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

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.