Castleark Management LLC Buys New Holdings in Viavi Solutions Inc. $VIAV

Castleark Management LLC purchased a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,041 shares of the communications equipment provider’s stock, valued at approximately $957,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VIAV. WPG Advisers LLC boosted its holdings in Viavi Solutions by 96.2% during 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 in the last quarter. Silvant Capital Management LLC acquired a new stake in Viavi Solutions in the 2nd quarter valued at $33,000. State of Wyoming bought a new stake in Viavi Solutions in the fourth quarter valued at $34,000. Persistent Asset Partners Ltd acquired a new position in Viavi Solutions during the second quarter worth $38,000. Finally, Carolina Wealth Advisors LLC lifted its holdings in shares of Viavi Solutions by 83.2% during the second 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 during the period. 95.54% of the stock is owned by institutional investors.

Insider Activity

In other Viavi Solutions news, EVP Paul Mcnab sold 1,595 shares of the 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 transaction, the executive vice president owned 13,876 shares in the company, valued at $518,546.12. This trade represents a 10.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura A. Black sold 71,000 shares of Viavi Solutions stock in a transaction on Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the sale, the director directly owned 71,497 shares of the company’s stock, valued at $3,297,441.64. This represents a 49.83% decrease in their position. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

VIAV has been the subject of several recent analyst reports. Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Weiss Ratings lowered shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Stifel Nicolaus increased their target price on shares of Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Finally, Needham & Company LLC dropped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.88.

Viavi Solutions Trading Up 2.8%

Viavi Solutions stock opened at $38.78 on Thursday. The company has a market cap of $9.57 billion, a price-to-earnings ratio of -258.52 and a beta of 1.21. The firm has a 50-day moving average of $41.60 and a 200-day moving average of $40.76. 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 one year low of $11.09 and a one 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The company had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s 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 expect that Viavi Solutions Inc. will post 1.32 earnings per share for the current fiscal year.

Viavi Solutions Company 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.