PEAK6 LLC Buys Shares of 51,870 Viavi Solutions Inc. $VIAV

PEAK6 LLC bought a new position in Viavi Solutions Inc. (NASDAQ:VIAV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 51,870 shares of the communications equipment provider’s stock, valued at approximately $2,477,000.

Several other hedge funds have also recently modified their holdings of the business. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Viavi Solutions during the second quarter valued at $259,000. Twin Tree Management LP bought a new stake in Viavi Solutions in the 2nd quarter worth about $1,375,000. Greenland Capital Management LP bought a new stake in Viavi Solutions in the 2nd quarter worth about $530,000. Commerce Bank purchased a new position in Viavi Solutions in the 2nd quarter worth about $873,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Viavi Solutions in the 2nd quarter worth about $63,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on VIAV shares. Stifel Nicolaus upped their target price on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Wall Street Zen raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Needham & Company LLC lowered their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Susquehanna raised their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday, July 1st. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, Viavi Solutions currently has an average rating of “Moderate Buy” and an average price target of $49.88.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the sale, the director directly owned 71,497 shares of the company’s stock, valued at $3,297,441.64. This trade represents a 49.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paul Mcnab sold 1,595 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $37.37, for a total transaction of $59,605.15. Following the transaction, the executive vice president directly owned 13,876 shares of the company’s stock, valued at $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock opened at $38.90 on Monday. The company’s fifty day simple moving average is $42.39 and its 200-day simple moving average is $40.49. Viavi Solutions Inc. has a 1-year low of $10.78 and a 1-year high of $60.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. The stock has a market capitalization of $9.60 billion, a PE ratio of -259.32 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The business’s quarterly revenue was up 52.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, equities analysts anticipate that Viavi Solutions Inc. will post 1.32 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.