Vise Technologies Inc. Acquires Shares of 19,549 Viavi Solutions Inc. $VIAV

Vise Technologies Inc. acquired a new position in Viavi Solutions Inc. (NASDAQ:VIAV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,549 shares of the communications equipment provider’s stock, valued at approximately $933,000.

Several other large investors also recently made changes to their positions in VIAV. BlackRock Inc. bought a new position in shares of Viavi Solutions in the second quarter valued at about $1,228,529,000. Capital World Investors grew its holdings in Viavi Solutions by 4.4% during the 4th quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock worth $278,356,000 after acquiring an additional 664,956 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Viavi Solutions by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock valued at $86,875,000 after acquiring an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Viavi Solutions by 0.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock valued at $118,915,000 after acquiring an additional 33,463 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Viavi Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock valued at $95,373,000 after acquiring an additional 20,776 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

Shares of NASDAQ:VIAV opened at $38.90 on Friday. The stock has a market capitalization of $9.60 billion, a P/E ratio of -259.32 and a beta of 1.21. Viavi Solutions Inc. has a 1-year low of $10.78 and a 1-year high of $60.43. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $42.39 and a two-hundred day moving average price of $40.39.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. During the same quarter last year, the firm earned $0.13 EPS. The company’s revenue for the quarter was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities analysts predict that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 1,595 shares of Viavi Solutions stock in a transaction on Monday, August 10th. The shares were sold at an average price of $37.37, for a total transaction of $59,605.15. Following the completion of the sale, the executive vice president owned 13,876 shares of the company’s stock, valued at approximately $518,546.12. The trade was a 10.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laura A. Black sold 71,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the sale, the director owned 71,497 shares of the company’s stock, valued at $3,297,441.64. The trade was a 49.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VIAV shares. B. Riley Financial reduced their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Weiss Ratings cut shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Susquehanna upped their price objective on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday, July 1st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Viavi Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.88.

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.