GSA Capital Partners LLP Invests $1.02 Million in Viavi Solutions Inc. $VIAV

GSA Capital Partners LLP purchased a new position in Viavi Solutions Inc. (NASDAQ:VIAV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 21,372 shares of the communications equipment provider’s stock, valued at approximately $1,021,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. WPG Advisers LLC lifted its position in Viavi Solutions by 96.2% in the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 380 shares in the last quarter. State of Wyoming bought a new position in shares of Viavi Solutions during the fourth quarter valued at $34,000. Carolina Wealth Advisors LLC boosted its position 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 buying an additional 387 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in Viavi Solutions in the 3rd quarter worth about $44,000. Finally, Cedar Mountain Advisors LLC purchased a new position in Viavi Solutions in the 1st quarter worth about $50,000. 95.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. 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 upgraded shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday. Stifel Nicolaus boosted 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. UBS Group dropped their price target on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, Needham & Company LLC reduced their price objective on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Viavi Solutions presently has an average rating of “Moderate Buy” and an average price target of $49.88.

Viavi Solutions Price Performance

NASDAQ VIAV opened at $46.26 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. Viavi Solutions Inc. has a 12 month low of $10.44 and a 12 month high of $60.43. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of -308.38 and a beta of 1.22. The company’s 50 day moving average is $43.18 and its two-hundred day moving average is $40.05.

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 negative net margin of 2.00% and a positive return on equity of 19.60%. The firm had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same period in the prior year, the company posted $0.13 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts anticipate that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.

Insider Activity at Viavi Solutions

In other news, EVP Paul Mcnab sold 1,595 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 13,876 shares of the company’s stock, valued at $518,546.12. This represents a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

About Viavi Solutions

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.