Viavi Solutions Inc. $VIAV Holdings Cut by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,430,785 shares of the communications equipment provider’s stock after selling 210,269 shares during the period. Victory Capital Management Inc. owned 1.54% of Viavi Solutions worth $43,537,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Viavi Solutions by 11.5% in the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock worth $2,051,000 after purchasing an additional 18,910 shares during the last quarter. AQR Capital Management LLC increased its position in Viavi Solutions by 110.5% in the first quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock worth $377,000 after buying an additional 17,673 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Viavi Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock worth $1,467,000 after buying an additional 5,775 shares during the period. Millennium Management LLC lifted its stake in Viavi Solutions by 205.4% in the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock valued at $5,335,000 after buying an additional 320,662 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in Viavi Solutions in the first quarter valued at $165,000. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Stock Down 10.1%

VIAV stock opened at $27.88 on Friday. The firm’s 50-day moving average is $23.57 and its two-hundred day moving average is $17.82. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of -154.88 and a beta of 0.92. Viavi Solutions Inc. has a 52 week low of $8.10 and a 52 week high of $35.61. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46.

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

Insider Buying and Selling at Viavi Solutions

In related news, SVP Gary W. Staley sold 24,237 shares of Viavi Solutions stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $23.93, for a total transaction 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. The trade was a 15.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Christopher Siebert sold 24,225 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $18.26, for a total transaction of $442,348.50. Following the completion of the sale, the senior vice president owned 49,225 shares in the company, valued at approximately $898,848.50. This trade represents a 32.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 516,765 shares of company stock valued at $13,306,119. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VIAV has been the subject of several recent research reports. Susquehanna upped their price target on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Rosenblatt Securities set a $27.00 price objective on shares of Viavi Solutions in a research report on Thursday, January 29th. Stifel Nicolaus boosted their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Wall Street Zen lowered Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Needham & Company LLC lifted their target price on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Six 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.13.

About Viavi Solutions

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.