Viavi Solutions Inc. $VIAV Stock Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 131.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,300 shares of the communications equipment provider’s stock after buying an additional 19,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Viavi Solutions were worth $1,438,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. North Dakota State Investment Board boosted its holdings in Viavi Solutions by 5.7% in the third quarter. North Dakota State Investment Board now owns 7,210 shares of the communications equipment provider’s stock valued at $302,000 after acquiring an additional 392 shares during the last quarter. Moody Aldrich Partners LLC grew its position in Viavi Solutions by 6.1% during the third quarter. Moody Aldrich Partners LLC now owns 126,424 shares of the communications equipment provider’s stock valued at $5,300,000 after acquiring an additional 7,287 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in Viavi Solutions during the third quarter valued at about $248,000. Fifth Third Wealth Advisors LLC increased its stake in Viavi Solutions by 25.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 9,179 shares of the communications equipment provider’s stock worth $385,000 after acquiring an additional 1,851 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in Viavi Solutions by 128.9% during the third quarter. Inspire Investing LLC now owns 120,628 shares of the communications equipment provider’s stock worth $5,057,000 after acquiring an additional 67,926 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VIAV shares. Stifel Nicolaus set a $65.00 price objective on Viavi Solutions in a research note on Wednesday, September 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a report on Wednesday, September 23rd. Weiss Ratings downgraded shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 8th. Needham & Company LLC cut their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, B. Riley Financial decreased their price objective 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. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.83.

Viavi Solutions News Roundup

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: For fiscal Q1 2027, Viavi reported adjusted earnings of $0.47 per share, above the roughly $0.41 analyst consensus, and revenue of $469.3 million, ahead of estimates. Earnings rose from $0.15 a year earlier, while revenue increased 56.9% year over year. VIAVI Announces First Quarter Fiscal 2027 Results
• Positive Sentiment: Management provided optimistic revenue guidance for the next quarter, adding support to the view that recent business momentum could continue. Viavi reports bullish Q3 and provides next-quarter guidance
• Positive Sentiment: Viavi announced a $500 million share buyback. The authorization may return capital to shareholders and signals management’s willingness to repurchase shares, though the timing and amount of actual purchases are not specified. Viavi announces a $500 million equity buyback

Viavi Solutions Trading Down 2.2%

NASDAQ:VIAV opened at $29.38 on Thursday. The business’s 50-day moving average is $37.12 and its two-hundred day moving average is $38.55. The firm has a market capitalization of $7.23 billion, a PE ratio of -195.85 and a beta of 1.31. Viavi Solutions Inc. has a 12 month low of $15.51 and a 12 month high of $60.43. 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 (NASDAQ:VIAV) last issued its earnings results on Wednesday, November 4th. The communications equipment provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%. The company had revenue of $469.30 million during the quarter, compared to the consensus estimate of $455.06 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The company’s revenue was up 56.9% compared to the same quarter last year. Research analysts predict that Viavi Solutions Inc. will post 1.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Viavi Solutions news, EVP Paul McNab sold 11,032 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $38.97, for a total value of $429,917.04. Following the completion of the sale, the executive vice president owned 25,639 shares of the company’s stock, valued at $999,151.83. This trade represents a 30.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Luke M. Scrivanich sold 35,866 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $36.24, for a total transaction of $1,299,783.84. Following the sale, the senior vice president owned 39,598 shares in the company, valued at $1,435,031.52. This represents a 47.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 199,694 shares of company stock valued at $7,976,233. Insiders own 1.20% of the company’s stock.

Viavi Solutions 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.