Viavi Solutions Inc. $VIAV Stock Holdings Increased by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 697.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 52,009 shares of the communications equipment provider’s stock after purchasing an additional 45,484 shares during the quarter. Tidal Investments LLC’s holdings in Viavi Solutions were worth $2,483,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of VIAV. Jefferies Financial Group Inc. bought a new stake in Viavi Solutions during the fourth quarter worth approximately $1,803,000. BlackRock Inc. acquired a new position in Viavi Solutions during the second quarter worth about $1,228,529,000. Jackson Creek Investment Advisors LLC acquired a new stake in Viavi Solutions in the 4th quarter valued at about $1,887,000. Tensor Edge Capital LLC bought a new position in shares of Viavi Solutions during the 4th quarter valued at about $2,673,000. Finally, Intech Investment Management LLC boosted its position in shares of Viavi Solutions by 29.1% during the 4th quarter. Intech Investment Management LLC now owns 109,258 shares of the communications equipment provider’s stock valued at $1,947,000 after purchasing an additional 24,638 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Viavi Solutions news, SVP Luke Scrivanich sold 23,911 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $36.37, for a total transaction of $869,643.07. Following the completion of the sale, the senior vice president directly owned 39,598 shares in the company, valued at approximately $1,440,179.26. This trade represents a 37.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ilan Daskal sold 56,290 shares of Viavi Solutions stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $36.29, for a total value of $2,042,764.10. Following the transaction, the executive vice president directly owned 10,132 shares in the company, valued at approximately $367,690.28. This trade represents a 84.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 163,828 shares of company stock valued at $6,676,449 in the last 90 days. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. B. Riley Financial cut their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. UBS Group cut their price objective on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Susquehanna raised their price objective on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research note on Wednesday, July 1st. Needham & Company LLC cut their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.43.

Viavi Solutions Trading Down 0.2%

NASDAQ VIAV opened at $33.76 on Wednesday. Viavi Solutions Inc. has a twelve month low of $12.05 and a twelve month high of $60.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of -225.05 and a beta of 1.22. The firm’s 50 day moving average price is $38.66 and its two-hundred day moving average price is $41.63.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) 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 analyst estimates of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The company’s revenue for the quarter was up 52.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities analysts anticipate that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Viavi Solutions Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks and optical systems. Its products and software help telecommunications providers, network equipment manufacturers, data centers, government organizations, and other enterprises build, validate, monitor, and maintain wired and wireless networks.

The company’s offerings include instruments and software for fiber-optic testing, network installation and certification, service activation, network performance monitoring, troubleshooting, and telecommunications equipment testing.