Strs Ohio Acquires 41,000 Shares of Viavi Solutions Inc. $VIAV

Strs Ohio raised its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 460.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,900 shares of the communications equipment provider’s stock after acquiring an additional 41,000 shares during the quarter. Strs Ohio’s holdings in Viavi Solutions were worth $1,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming bought a new position in Viavi Solutions in the 4th quarter worth $34,000. Johnson Financial Group Inc. bought a new stake in Viavi Solutions during the third quarter valued at about $44,000. Hantz Financial Services Inc. increased its position in Viavi Solutions by 86.2% in the fourth quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock worth $51,000 after buying an additional 1,317 shares in the last quarter. GAMMA Investing LLC increased its position in Viavi Solutions by 25.8% in the fourth quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock worth $73,000 after buying an additional 845 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Viavi Solutions in the fourth quarter worth about $90,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Stock Down 5.2%

Shares of VIAV opened at $40.22 on Wednesday. The business’s 50 day moving average is $49.31 and its 200 day moving average is $35.67. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. Viavi Solutions Inc. has a 12-month low of $9.61 and a 12-month high of $60.43. The company has a market capitalization of $9.41 billion, a PE ratio of -167.58 and a beta of 1.18.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $393.80 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s revenue for the quarter 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. Research analysts expect that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Viavi Solutions news, CEO Oleg Khaykin sold 136,547 shares of the 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 of the company’s stock, valued at $61,603,512.36. This represents a 10.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $54.02, for a total value of $445,935.10. Following the transaction, the senior vice president owned 20,129 shares of the company’s stock, valued at approximately $1,087,368.58. The trade was a 29.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 450,369 shares of company stock worth $23,789,119. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VIAV has been the subject of a number of recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 price objective on shares of Viavi Solutions in a research note on Wednesday, June 10th. Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. UBS Group upped their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Susquehanna increased their price objective on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.88.

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.