Viavi Solutions Inc. $VIAV Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 35.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 654,541 shares of the communications equipment provider’s stock after selling 360,285 shares during the quarter. Viavi Solutions comprises 1.4% of Leeward Investments LLC MA’s portfolio, making the stock its 8th largest position. Leeward Investments LLC MA’s holdings in Viavi Solutions were worth $27,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. WPG Advisers LLC raised its stake in Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 380 shares in the last quarter. Silvant Capital Management LLC purchased a new stake in Viavi Solutions in the second quarter worth about $33,000. Fortitude Family Office LLC lifted its holdings in Viavi Solutions by 413.3% in the third quarter. Fortitude Family Office LLC now owns 811 shares of the communications equipment provider’s stock worth $34,000 after buying an additional 653 shares during the period. Persistent Asset Partners Ltd bought a new stake in Viavi Solutions during the 2nd quarter valued at approximately $38,000. Finally, Carolina Wealth Advisors LLC boosted its position in Viavi Solutions by 83.2% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after acquiring an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Down 0.0%

NASDAQ:VIAV opened at $30.44 on Monday. The firm’s 50-day moving average price is $38.39 and its 200-day moving average price is $42.91. The company has a market capitalization of $7.49 billion, a PE ratio of -202.92 and a beta of 1.21. 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 Inc. has a 1-year low of $13.43 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. During the same period last year, the business earned $0.13 EPS. Viavi Solutions’s quarterly revenue was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities analysts predict that Viavi Solutions Inc. will post 1.42 EPS for the current fiscal year.

Analyst Ratings Changes

VIAV has been the topic of a number of research analyst reports. Susquehanna upped their target price on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday, July 1st. Stifel Nicolaus set a $65.00 target price on Viavi Solutions in a research report on Wednesday, September 23rd. Zacks Research cut Viavi Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Wall Street Zen cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Finally, Needham & Company LLC dropped their price target 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. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.43.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the transaction, the director owned 71,497 shares of the company’s stock, valued at approximately $3,297,441.64. This trade represents a 49.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul McNab sold 11,032 shares of Viavi Solutions stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $38.97, for a total transaction of $429,917.04. Following the transaction, the executive vice president owned 25,639 shares of the company’s stock, valued at $999,151.83. The trade was a 30.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 199,694 shares of company stock worth $7,976,233 in the last ninety days. 1.20% of the stock is owned by company insiders.

Viavi Solutions Company Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops equipment, software and services used to test, monitor and secure communications networks. Its solutions support network operators, equipment manufacturers, government agencies and other organizations involved in the design, deployment and operation of wired and wireless networks.

The company’s products include fiber-optic and broadband test instruments, network performance and service-assurance software, optical spectrum analyzers, monitoring systems and tools for testing 5G and other advanced communications technologies.