TimesSquare Capital Management LLC Purchases New Position in Viavi Solutions Inc. $VIAV

TimesSquare Capital Management LLC purchased a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 102,561 shares of the communications equipment provider’s stock, valued at approximately $4,897,000.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC grew its position in shares of Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 380 shares during the last quarter. State of Wyoming bought a new stake in Viavi Solutions in the 4th quarter valued at $34,000. Persistent Asset Partners Ltd acquired a new position in Viavi Solutions in the 2nd quarter valued at $38,000. Carolina Wealth Advisors LLC grew its holdings in Viavi Solutions by 83.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after buying an additional 387 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Viavi Solutions during the 3rd quarter worth $44,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VIAV has been the subject of a number of recent research reports. Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Stifel Nicolaus upped their target price on Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. B. Riley Financial reduced their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. UBS Group decreased their price target on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Viavi Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.88.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $46.26 on Tuesday. The firm’s 50 day simple moving average is $43.18 and its 200 day simple moving average is $40.05. The firm has a market capitalization of $10.82 billion, a price-to-earnings ratio of -308.38 and a beta of 1.22. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. Viavi Solutions Inc. has a 1 year low of $10.44 and a 1 year high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, beating 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 business had revenue of $443.10 million during the quarter, compared to the consensus estimate of $432.62 million. During the same period in the previous year, the business earned $0.13 earnings per share. The company’s revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, research analysts expect that Viavi Solutions Inc. will post 1.32 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Paul Mcnab sold 1,595 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $37.37, for a total transaction of $59,605.15. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

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.