Contravisory Investment Management Inc. Makes New $213,000 Investment 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 second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,191 shares of the communications equipment provider's stock, valued at approximately $213,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in Viavi Solutions by 7,293.1% during the first quarter. Victory Capital Management Inc. now owns 3,083,135 shares of the communications equipment provider's stock valued at $34,500,000 after purchasing an additional 3,041,432 shares in the last quarter. Woodline Partners LP boosted its holdings in Viavi Solutions by 27.6% during the first quarter. Woodline Partners LP now owns 4,384,150 shares of the communications equipment provider's stock valued at $49,059,000 after purchasing an additional 948,472 shares in the last quarter. Nuveen LLC acquired a new stake in Viavi Solutions during the first quarter valued at approximately $6,582,000. Vanguard Group Inc. boosted its holdings in Viavi Solutions by 1.8% during the first quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider's stock valued at $340,624,000 after purchasing an additional 540,045 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Viavi Solutions by 280.6% during the first quarter. Jane Street Group LLC now owns 504,198 shares of the communications equipment provider's stock valued at $5,642,000 after purchasing an additional 371,728 shares in the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Trading Up 1.1%

VIAV stock traded up $0.14 during trading on Monday, hitting $12.38. The company had a trading volume of 2,687,411 shares, compared to its average volume of 2,796,048. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $10.96 and a 200-day moving average price of $10.34. Viavi Solutions Inc. has a 12 month low of $8.10 and a 12 month high of $12.91. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 77.38 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its quarterly earnings data 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 net margin of 3.21% and a return on equity of 8.02%. The firm had revenue of $290.50 million during the quarter, compared to analysts' expectations of $285.19 million. During the same quarter in the previous year, the company posted $0.08 EPS. Viavi Solutions's revenue was up 15.3% on a year-over-year basis. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, analysts predict that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Luke M. Scrivanich sold 11,873 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were 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 $747,226.48. The trade was a 15.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard Belluzzo sold 8,385 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $11.34, for a total transaction of $95,085.90. Following the completion of the transaction, the director owned 225,541 shares of the company's stock, valued at $2,557,634.94. This trade represents a 3.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,873 shares of company stock worth $605,095 in the last quarter. Insiders own 1.52% of the company's stock.

Analyst Upgrades and Downgrades

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