Viavi Solutions Inc. $VIAV Shares Bought by Castleark Management LLC

Castleark Management LLC grew its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 8.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 378,597 shares of the communications equipment provider’s stock after buying an additional 29,227 shares during the quarter. Castleark Management LLC’s holdings in Viavi Solutions were worth $12,600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jefferies Financial Group Inc. purchased a new position in Viavi Solutions in the fourth quarter worth approximately $1,803,000. Phocas Financial Corp. acquired a new position in Viavi Solutions during the 4th quarter worth approximately $3,772,000. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Viavi Solutions in the 4th quarter valued at approximately $1,887,000. Tensor Edge Capital LLC purchased a new stake in shares of Viavi Solutions in the 4th quarter valued at approximately $2,673,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Viavi Solutions by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 400,886 shares of the communications equipment provider’s stock valued at $5,087,000 after purchasing an additional 72,930 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Kevin Christopher Siebert sold 8,255 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $54.02, for a total value of $445,935.10. Following the completion of the sale, the senior vice president owned 20,129 shares in the company, valued at $1,087,368.58. This represents a 29.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul Mcnab sold 2,727 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $54.96, for a total transaction of $149,875.92. Following the sale, the executive vice president owned 15,471 shares of the company’s stock, valued at approximately $850,286.16. This represents a 14.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 450,369 shares of company stock valued at $23,789,119. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on VIAV shares. Susquehanna boosted their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research note on Wednesday, July 1st. B. Riley Financial raised their price target on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 24th. UBS Group lifted their price target on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday, June 10th. Six equities research analysts have rated the stock with 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.88.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $39.52 on Monday. The stock has a market cap of $9.24 billion, a PE ratio of -164.66 and a beta of 1.18. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. Viavi Solutions Inc. has a 52-week low of $9.61 and a 52-week high of $60.43. The business has a 50-day moving average price of $46.69 and a 200 day moving average price of $37.75.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $406.80 million for 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 firm’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Equities research analysts forecast that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

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.