28,791 Shares in Viavi Solutions Inc. $VIAV Purchased by Twin Tree Management LP

Key Points

• Twin Tree Management purchased 28,791 shares of Viavi Solutions worth approximately $1.375 million in the second quarter. Institutional investors now own 95.54% of the company.
• Viavi reported quarterly EPS of $0.34, beating estimates by $0.04, while revenue rose 52.5% year over year to $443.1 million. The company issued Q1 2027 EPS guidance of $0.40–$0.42.
• Analysts maintain a consensus “Moderate Buy” rating with a $49.88 target price, though targets range from $44 to $70. Meanwhile, company insiders sold shares, including a director’s sale of 71,000 shares valued at $3.27 million.

Twin Tree Management LP purchased a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 28,791 shares of the communications equipment provider's stock, valued at approximately $1,375,000.

Several other hedge funds have also bought and sold shares of VIAV. WPG Advisers LLC grew its holdings in Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider's stock worth $26,000 after purchasing an additional 380 shares during the period. Silvant Capital Management LLC bought a new position in shares of Viavi Solutions during the second quarter valued at approximately $33,000. State of Wyoming purchased a new position in shares of Viavi Solutions during the fourth quarter valued at approximately $34,000. Persistent Asset Partners Ltd purchased a new position in shares of Viavi Solutions during the second quarter valued at approximately $38,000. Finally, Carolina Wealth Advisors LLC boosted its position in shares of Viavi Solutions by 83.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider's stock worth $41,000 after purchasing an additional 387 shares in the last quarter. Institutional investors own 95.54% of the company's stock.

Insider Buying and Selling at Viavi Solutions

In other news, Director Laura A. Black sold 71,000 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the transaction, the director owned 71,497 shares in the company, valued at $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul Mcnab sold 1,595 shares of the company's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the transaction, the executive vice president directly owned 13,876 shares in the company, valued at approximately $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.80% of the company's stock.

Viavi Solutions Trading Up 0.9%

Shares of NASDAQ VIAV opened at $38.90 on Friday. The firm's 50 day moving average price is $42.39 and its 200-day moving average price is $40.39. Viavi Solutions Inc. has a 52-week low of $10.78 and a 52-week high of $60.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. The company has a market cap of $9.60 billion, a PE ratio of -259.32 and a beta of 1.21.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share 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 during the quarter, compared to the consensus estimate of $432.62 million. During the same quarter last year, the firm earned $0.13 earnings per share. The firm's quarterly revenue was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities research analysts expect that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VIAV. B. Riley Financial cut their price target on Viavi Solutions from $63.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Rosenblatt Securities reiterated a "buy" rating and set a $70.00 price objective on shares of Viavi Solutions in a research note on Wednesday. Zacks Research raised Viavi Solutions from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 13th. Stifel Nicolaus boosted their target price on Viavi Solutions from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, UBS Group cut their target price on Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $49.88.

Viavi Solutions Company Profile

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.

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