Jupiter Topco LLC Makes New Investment in Viavi Solutions Inc. $VIAV

Jupiter Topco LLC bought a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the 2nd quarter, Holdings Channel.com reports. The fund bought 101,306 shares of the communications equipment provider’s stock, valued at approximately $4,839,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VIAV. WPG Advisers LLC lifted its stake in shares of Viavi Solutions by 96.2% during the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 380 shares during the last quarter. Carolina Wealth Advisors LLC grew its stake in Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after purchasing an additional 387 shares during the last quarter. Corient Private Wealth LLC grew its stake in Viavi Solutions by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock valued at $204,000 after purchasing an additional 394 shares during the last quarter. Lido Advisors LLC raised its holdings in Viavi Solutions by 2.0% in the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock worth $438,000 after purchasing an additional 473 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in Viavi Solutions by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock worth $580,000 after purchasing an additional 478 shares in the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Price Performance

NASDAQ VIAV opened at $36.29 on Tuesday. The company has a market cap of $8.95 billion, a price-to-earnings ratio of -241.92 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. The stock’s fifty day moving average price is $40.88 and its 200 day moving average price is $40.97. Viavi Solutions Inc. has a 1 year low of $11.09 and a 1 year high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping 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 was up 52.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, equities research analysts forecast that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 23,911 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $36.37, for a total transaction of $869,643.07. Following the completion of the transaction, the senior vice president directly owned 39,598 shares of the company’s stock, valued at approximately $1,440,179.26. This trade represents a 37.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Mcnab sold 1,595 shares of Viavi Solutions stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $37.37, for a total transaction of $59,605.15. Following the sale, the executive vice president owned 13,876 shares of the company’s stock, valued at approximately $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 152,796 shares of company stock worth $6,246,532. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VIAV shares. B. Riley Financial lowered their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price objective on shares of Viavi Solutions in a research note on Wednesday, August 19th. 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, August 6th. Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Finally, Stifel Nicolaus upped their price target on Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.88.

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.