Cookson Peirce & Co. Inc. Sells 23,392 Shares of Viavi Solutions Inc. $VIAV

Cookson Peirce & Co. Inc. trimmed its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 22.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,504 shares of the communications equipment provider’s stock after selling 23,392 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Viavi Solutions were worth $3,796,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jefferies Financial Group Inc. purchased a new position in Viavi Solutions during the 4th quarter worth $1,803,000. BlackRock Inc. purchased a new stake in shares of Viavi Solutions during the second quarter valued at $1,228,529,000. Jackson Creek Investment Advisors LLC purchased a new position in Viavi Solutions in the 4th quarter worth $1,887,000. Tensor Edge Capital LLC acquired a new stake in Viavi Solutions during the 4th quarter worth about $2,673,000. Finally, Intech Investment Management LLC lifted its position in Viavi Solutions by 29.1% during the 4th quarter. Intech Investment Management LLC now owns 109,258 shares of the communications equipment provider’s stock worth $1,947,000 after acquiring an additional 24,638 shares during the period. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VIAV shares. Stifel Nicolaus increased their price objective on Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings raised Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a research report on Wednesday, August 19th. UBS Group cut their price target on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Wall Street Zen lowered shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Viavi Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $49.88.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 1,595 shares of Viavi Solutions stock in a transaction dated Monday, August 10th. The shares were 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 in the company, valued at approximately $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 owned 71,497 shares in the company, valued at $3,297,441.64. This represents a 49.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.80% of the company’s stock.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $36.54 on Friday. The business has a 50 day moving average price of $41.22 and a 200 day moving average price of $40.81. The company has a market capitalization of $9.02 billion, a P/E ratio of -243.58 and a beta of 1.21. Viavi Solutions Inc. has a 1-year low of $11.09 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.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating 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 revenue for the quarter was up 52.5% on a year-over-year basis. During the same quarter last year, the business posted $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Sell-side analysts expect that Viavi Solutions Inc. will post 1.32 EPS 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.