Algert Global LLC Increases Holdings in Viavi Solutions Inc. $VIAV

Key Points

• Algert Global increased its Viavi Solutions stake by 57.5% in the second quarter, holding 112,030 shares valued at approximately $5.35 million. Institutional investors collectively own 95.54% of the company.
• Viavi reported quarterly revenue of $443.1 million and EPS of $0.34, exceeding analyst estimates, while revenue grew 52.5% year over year. The company issued first-quarter 2027 EPS guidance of $0.40–$0.42.
• VIAV shares opened at $38.45, below the analyst consensus price target of $49.88; analysts maintain a “Moderate Buy” consensus rating. UBS lowered its target to $44, while several other firms retained “Buy” or “Strong Buy” ratings.

Algert Global LLC grew its holdings in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 57.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,030 shares of the communications equipment provider's stock after acquiring an additional 40,890 shares during the period. Algert Global LLC's holdings in Viavi Solutions were worth $5,349,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Viavi Solutions during the second quarter valued at $1,228,529,000. Capital World Investors lifted its position in shares of Viavi Solutions by 4.4% in the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider's stock worth $278,356,000 after buying an additional 664,956 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Viavi Solutions by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider's stock valued at $86,875,000 after buying an additional 231,570 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Viavi Solutions by 0.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider's stock valued at $118,915,000 after buying an additional 33,463 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Viavi Solutions by 0.4% during 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 buying an additional 20,776 shares in the last quarter. Institutional investors own 95.54% of the company's stock.

Viavi Solutions Trading Down 0.9%

Shares of VIAV stock opened at $38.45 on Friday. The company has a market cap of $9.49 billion, a PE ratio of -256.32 and a beta of 1.21. Viavi Solutions Inc. has a 1 year low of $11.09 and a 1 year high of $60.43. The stock's 50 day simple moving average is $41.43 and its two-hundred day simple moving average is $40.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The firm had revenue of $443.10 million during the quarter, compared to analysts' expectations of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The company's quarterly revenue was up 52.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Research analysts predict that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.

Insiders Place Their Bets

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of Viavi Solutions 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 completion of the transaction, the director directly owned 71,497 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the business's 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 transaction, the executive vice president owned 13,876 shares in the company, valued at $518,546.12. This trade represents a 10.31% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on VIAV. UBS Group reduced their price objective 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. Susquehanna raised their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a "positive" rating in a report on Wednesday, July 1st. Zacks Research upgraded shares of Viavi Solutions from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. B. Riley Financial decreased their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Finally, Needham & Company LLC lowered their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.88.

Viavi Solutions 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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