Tensor Edge Capital LLC Sells 85,400 Shares of Viavi Solutions Inc. $VIAV

Tensor Edge Capital LLC reduced its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 56.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,600 shares of the communications equipment provider’s stock after selling 85,400 shares during the period. Viavi Solutions accounts for approximately 0.4% of Tensor Edge Capital LLC’s holdings, making the stock its 17th largest holding. Tensor Edge Capital LLC’s holdings in Viavi Solutions were worth $2,150,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. State of Wyoming acquired a new position in Viavi Solutions in the fourth quarter valued at about $34,000. Johnson Financial Group Inc. acquired a new position in shares of Viavi Solutions during the 3rd quarter worth about $44,000. Hantz Financial Services Inc. grew its position in shares of Viavi Solutions by 86.2% during the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock worth $51,000 after buying an additional 1,317 shares during the period. GAMMA Investing LLC grew its position in shares of Viavi Solutions by 25.8% during the 4th quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock worth $73,000 after buying an additional 845 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Viavi Solutions in the 4th quarter valued at about $90,000. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Price Performance

NASDAQ:VIAV opened at $41.66 on Friday. Viavi Solutions Inc. has a 1 year low of $9.61 and a 1 year high of $60.43. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of -173.58 and a beta of 1.18. The stock has a 50-day moving average price of $49.54 and a two-hundred day moving average price of $35.21.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $406.80 million during the quarter, compared to the consensus estimate of $393.80 million. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, equities analysts expect that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Luke M. Scrivanich sold 10,693 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $53.00, for a total value of $566,729.00. Following the completion of the transaction, the senior vice president directly owned 39,287 shares in the company, valued at approximately $2,082,211. The trade was a 21.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Mcnab sold 2,727 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $54.96, for a total value of $149,875.92. Following the sale, the executive vice president directly owned 15,471 shares of the company’s stock, valued at approximately $850,286.16. The trade was a 14.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 450,369 shares of company stock worth $23,789,119 in the last three months. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VIAV has been the topic of a number of analyst reports. Susquehanna increased their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a research note on Wednesday, June 10th. B. Riley Financial upped their target price on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, UBS Group increased their target price on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.88.

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.