Jefferies Financial Group Inc. Takes $1.03 Million Position in Viavi Solutions Inc. $VIAV

Jefferies Financial Group Inc. purchased a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,496 shares of the communications equipment provider’s stock, valued at approximately $1,026,000.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in Viavi Solutions during the 2nd quarter valued at approximately $1,228,529,000. Arrowstreet Capital Limited Partnership increased its position in Viavi Solutions by 431.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after buying an additional 5,389,435 shares during the period. Bank of America Corp DE acquired a new stake in Viavi Solutions in the second quarter worth $134,922,000. Allspring Global Investments Holdings LLC bought a new stake in Viavi Solutions in the first quarter valued at $75,294,000. Finally, Invesco Ltd. lifted its stake in Viavi Solutions by 116.0% in the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock valued at $67,886,000 after buying an additional 2,045,702 shares during the last quarter. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

VIAV stock opened at $36.54 on Monday. The company has a 50-day simple moving average of $41.22 and a 200 day simple moving average of $40.90. The company has a market capitalization of $9.02 billion, a P/E ratio of -243.58 and a beta of 1.22. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. Viavi Solutions Inc. has a fifty-two week low of $11.09 and a fifty-two week high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results 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 firm had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter last year, the company earned $0.13 EPS. Viavi Solutions’s quarterly 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. Sell-side analysts predict that Viavi Solutions Inc. will post 1.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VIAV shares. B. Riley Financial lowered their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research report on Wednesday, August 19th. Weiss Ratings raised shares of Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 25th. Zacks Research upgraded shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen lowered shares of Viavi Solutions from a “strong-buy” rating to a “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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.88.

Insider Buying and Selling

In other Viavi Solutions news, EVP Paul Mcnab sold 1,595 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $37.37, for a total value of $59,605.15. Following the completion of the sale, the executive vice president directly owned 13,876 shares in the company, valued at $518,546.12. This represents a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laura A. Black sold 71,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 71,497 shares of the company’s stock, valued at $3,297,441.64. This trade represents a 49.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is owned by company insiders.

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.