State of Wyoming Purchases 21,276 Shares of Viavi Solutions Inc. $VIAV

State of Wyoming boosted its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 1,129.3% in the first quarter, Holdings Channel.com reports. The firm owned 23,160 shares of the communications equipment provider’s stock after purchasing an additional 21,276 shares during the quarter. State of Wyoming’s holdings in Viavi Solutions were worth $771,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VIAV. WPG Advisers LLC boosted its stake in shares of Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 380 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Viavi Solutions during the third quarter worth about $44,000. Cedar Mountain Advisors LLC acquired a new position in shares of Viavi Solutions in the first quarter valued at approximately $50,000. Hantz Financial Services Inc. raised its holdings in Viavi Solutions by 86.2% in the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after buying an additional 1,317 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Viavi Solutions by 25.8% in 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. 95.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VIAV has been the topic of several recent research reports. B. Riley Financial lifted their target price on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. UBS Group upped their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 16th. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a report on Wednesday, June 10th. Finally, Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.88.

Viavi Solutions Stock Performance

Shares of VIAV stock opened at $41.80 on Friday. The business’s 50 day simple moving average is $46.93 and its 200 day simple moving average is $37.60. Viavi Solutions Inc. has a one year low of $9.61 and a one year high of $60.43. The stock has a market capitalization of $9.78 billion, a PE ratio of -174.16 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39.

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 the consensus estimate of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The firm had revenue of $406.80 million during the quarter, compared to analyst estimates of $393.80 million. During the same quarter last year, the business earned $0.15 EPS. The company’s revenue was up 42.8% compared to the same quarter last year. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, research analysts forecast that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Insider Activity at Viavi Solutions

In other news, CEO Oleg Khaykin sold 136,547 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 1,188,798 shares in the company, valued at $61,603,512.36. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Luke M. Scrivanich sold 10,693 shares of Viavi Solutions stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $53.00, for a total transaction of $566,729.00. Following the transaction, the senior vice president directly owned 39,287 shares of the company’s stock, valued at $2,082,211. This represents a 21.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 450,369 shares of company stock valued at $23,789,119 over the last 90 days. 1.80% of the stock is owned by company insiders.

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.