Contravisory Investment Management Inc. Takes $213,000 Position in Viavi Solutions Inc. $VIAV

Key Points

• Contravisory Investment Management Inc. acquired 21,191 shares of Viavi Solutions Inc., valued at approximately $213,000, in the second quarter.
• Several analysts have given Viavi Solutions a "Moderate Buy" rating, with target prices ranging from $11.00 to $15.00.
• Viavi Solutions reported a 15.3% increase in quarterly revenue year-over-year, achieving earnings per share of $0.13, exceeding expectations.

Contravisory Investment Management Inc. bought a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 21,191 shares of the communications equipment provider's stock, valued at approximately $213,000.

Several other institutional investors also recently made changes to their positions in the stock. Family Legacy Financial Solutions LLC purchased a new stake in shares of Viavi Solutions in the second quarter valued at about $43,000. USA Financial Formulas purchased a new position in shares of Viavi Solutions during the 1st quarter worth about $53,000. AlphaQuest LLC purchased a new position in Viavi Solutions during the first quarter worth approximately $55,000. First Horizon Advisors Inc. boosted its holdings in Viavi Solutions by 29.1% in the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock valued at $56,000 after acquiring an additional 1,138 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Viavi Solutions by 481.2% in the 1st quarter. Quarry LP now owns 9,450 shares of the communications equipment provider's stock valued at $106,000 after purchasing an additional 7,824 shares in the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Stock Down 0.8%

NASDAQ:VIAV traded down $0.10 during trading hours on Friday, hitting $12.24. 4,370,955 shares of the company's stock traded hands, compared to its average volume of 2,783,644. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.50. Viavi Solutions Inc. has a twelve month low of $8.10 and a twelve month high of $12.91. The stock's fifty day moving average price is $10.92 and its two-hundred day moving average price is $10.34. The firm has a market cap of $2.73 billion, a P/E ratio of 76.50 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The company had revenue of $290.50 million for the quarter, compared to analyst estimates of $285.19 million. During the same period in the prior year, the firm posted $0.08 EPS. The business's revenue was up 15.3% compared to the same quarter last year. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. On average, research analysts expect that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 11,873 shares of Viavi Solutions stock in a transaction on Friday, August 29th. The stock was sold at an average price of $11.18, for a total value of $132,740.14. Following the completion of the transaction, the senior vice president owned 66,836 shares in the company, valued at approximately $747,226.48. The trade was a 15.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $11.34, for a total value of $95,085.90. Following the completion of the transaction, the director owned 225,541 shares of the company's stock, valued at approximately $2,557,634.94. The trade was a 3.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,873 shares of company stock worth $605,095. 1.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VIAV shares. UBS Group lifted their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. B. Riley upped their target price on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Rosenblatt Securities reiterated a "buy" rating and issued a $13.50 price target on shares of Viavi Solutions in a report on Friday, June 20th. Susquehanna upgraded Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price objective for the company in a research note on Friday, August 8th. Finally, Morgan Stanley raised Viavi Solutions from an "underweight" rating to an "equal weight" rating and set a $11.00 price target for the company in a research note on Tuesday, September 2nd. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Viavi Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $13.50.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.