Viavi Solutions Inc. (NASDAQ:VIAV) Short Interest Update

Viavi Solutions Inc. (NASDAQ:VIAV) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 7,209,732 shares, a drop of 48.7% from the December 15th total of 14,056,963 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average trading volume of 2,451,063 shares, the short-interest ratio is presently 2.9 days. Based on an average trading volume of 2,451,063 shares, the short-interest ratio is presently 2.9 days. Currently, 3.3% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Rosenblatt Securities boosted their price objective on shares of Viavi Solutions from $15.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a research report on Monday, December 29th. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 10th. Stifel Nicolaus raised their price objective on Viavi Solutions from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Finally, Needham & Company LLC upped their target price on Viavi Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.44.

Insider Buying and Selling

In other Viavi Solutions news, CEO Oleg Khaykin sold 85,836 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $17.63, for a total value of $1,513,288.68. Following the transaction, the chief executive officer directly owned 2,025,005 shares of the company’s stock, valued at $35,700,838.15. This represents a 4.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Ilan Daskal sold 170,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $17.49, for a total transaction of $2,973,300.00. Following the completion of the transaction, the executive vice president owned 10,132 shares in the company, valued at $177,208.68. This trade represents a 94.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 606,226 shares of company stock valued at $10,714,820 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viavi Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in VIAV. Capital World Investors grew its stake in shares of Viavi Solutions by 3.5% during the third quarter. Capital World Investors now owns 14,955,454 shares of the communications equipment provider’s stock worth $189,785,000 after buying an additional 500,000 shares during the last quarter. Schroder Investment Management Group grew its position in Viavi Solutions by 16.6% during the 2nd quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock worth $82,709,000 after acquiring an additional 1,166,547 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Viavi Solutions by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock worth $86,875,000 after acquiring an additional 231,570 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Viavi Solutions by 431.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after purchasing an additional 5,389,435 shares in the last quarter. Finally, Tributary Capital Management LLC raised its position in Viavi Solutions by 92.9% in the third quarter. Tributary Capital Management LLC now owns 2,207,642 shares of the communications equipment provider’s stock valued at $28,015,000 after purchasing an additional 1,063,330 shares during the last quarter. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Down 1.3%

NASDAQ VIAV opened at $17.80 on Thursday. The business has a fifty day moving average price of $17.76 and a two-hundred day moving average price of $13.88. The stock has a market capitalization of $3.97 billion, a PE ratio of 254.29 and a beta of 0.94. Viavi Solutions has a fifty-two week low of $8.10 and a fifty-two week high of $19.75. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.74.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. Viavi Solutions had a return on equity of 10.70% and a net margin of 1.33%.The business had revenue of $299.10 million during the quarter, compared to the consensus estimate of $294.35 million. During the same period in the prior year, the company earned $0.06 EPS. Viavi Solutions’s revenue for the quarter was up 25.6% on a year-over-year basis. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. Equities analysts expect that Viavi Solutions will post 0.26 earnings per share for the current fiscal year.

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.