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

Jefferies Financial Group Inc. purchased a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 101,199 shares of the communications equipment provider’s stock, valued at approximately $1,803,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Johnson Financial Group Inc. purchased a new position in shares of Viavi Solutions during the 3rd quarter valued at $44,000. Covestor Ltd lifted its holdings in shares of Viavi Solutions by 22.9% during the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after buying an additional 676 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Viavi Solutions by 25.8% during the 4th quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock valued at $73,000 after buying an additional 845 shares during the last quarter. Strs Ohio acquired a new stake in shares of Viavi Solutions during the 4th quarter valued at about $159,000. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of Viavi Solutions by 92,963.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 10,237 shares of the communications equipment provider’s stock valued at $182,000 after buying an additional 10,226 shares during the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV opened at $53.06 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of -221.07 and a beta of 1.22. The business’s 50-day simple moving average is $43.54 and its 200-day simple moving average is $29.38. Viavi Solutions Inc. has a 52 week low of $8.87 and a 52 week high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $406.80 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, equities research analysts expect that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Susquehanna lifted their price target on Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a report on Thursday, April 30th. B. Riley Financial lifted their price target on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, Rosenblatt Securities raised their price target on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

Insider Buying and Selling at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 10,693 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the transaction, the senior vice president owned 39,287 shares of the company’s stock, valued at approximately $2,082,211. The trade was a 21.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Oleg Khaykin sold 136,547 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the completion of the transaction, the chief executive officer owned 1,188,798 shares in the company, valued at approximately $61,603,512.36. This trade represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 461,184 shares of company stock worth $24,158,554 in the last ninety days. 1.80% of the stock is owned by 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.