Assenagon Asset Management S.A. Cuts Position in Viavi Solutions Inc. $VIAV

Key Points

• Assenagon Asset Management cut its Viavi Solutions position by 12.2% in the second quarter, selling 52,344 shares and retaining 375,256 shares valued at approximately $17.9 million. Institutional investors collectively own 95.54% of VIAV.
• Viavi reported a strong fiscal fourth quarter, with adjusted EPS of $0.34 versus the $0.30 consensus and revenue of $443.1 million, up 52.5% year over year. Management guided fiscal first-quarter 2027 EPS to $0.40–$0.42 and cited data-center, aerospace and defense, and Spirent-related growth.
• Analyst sentiment remains generally positive, with six Buy ratings and an average price target of $49.88, although UBS lowered its target to $44 and assigned a Neutral rating. Valuation concerns persist as the company has a negative net margin and trades at a high earnings multiple.

Assenagon Asset Management S.A. trimmed its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 12.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 375,256 shares of the communications equipment provider's stock after selling 52,344 shares during the period. Assenagon Asset Management S.A. owned about 0.16% of Viavi Solutions worth $17,918,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VIAV. Arrowstreet Capital Limited Partnership raised its stake in shares of Viavi Solutions by 431.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider's stock valued at $84,258,000 after acquiring an additional 5,389,435 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Viavi Solutions in the first quarter worth about $75,294,000. Invesco Ltd. grew its stake in shares of Viavi Solutions by 116.0% in the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider's stock valued at $67,886,000 after buying an additional 2,045,702 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Viavi Solutions by 1,011.9% in the fourth quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider's stock valued at $38,983,000 after buying an additional 1,990,848 shares in the last quarter. Finally, Bowen Hanes & Co. Inc. purchased a new stake in shares of Viavi Solutions during the 4th quarter valued at about $33,323,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VIAV shares. Susquehanna lifted their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a "positive" rating in a research note on Wednesday, July 1st. Stifel Nicolaus upped their price objective on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday. Weiss Ratings lowered Viavi Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, July 16th. UBS Group dropped their price target on shares of Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Wall Street Zen raised shares of Viavi Solutions from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $49.88.

Key Viavi Solutions News

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: Viavi reported fiscal fourth-quarter adjusted earnings of $0.34 per share, above the $0.30 consensus estimate, while revenue reached $443.1 million—also ahead of expectations and up 52.5% year over year. Viavi Solutions Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Management issued fiscal first-quarter 2027 EPS guidance of $0.40 to $0.42 and is targeting a $500 million quarterly revenue run rate in calendar 2027. Growth is being supported by data-center, aerospace-and-defense demand and contributions from the Spirent portfolio. Viavi Anticipates Q1 FY2027 EPS and $500 Million Quarter
• Positive Sentiment: The earnings call highlighted expanding test opportunities tied to 1.6-terabit networking, co-packaged optics and optical switching, potentially strengthening Viavi’s exposure to AI-related data-center infrastructure. VIAVI Q4 Earnings Call Signals Data Center Strength
• Neutral Sentiment: Analyst sentiment remains broadly constructive, with buy ratings and targets of $60 from Needham and B. Riley, $65 from Stifel and $70 from Rosenblatt, implying substantial potential upside from recent trading levels.
• Negative Sentiment: UBS lowered its target from $60 to $44 and assigned a neutral rating. Other firms also reduced their targets, suggesting concerns that the strong earnings outlook may already be reflected in the valuation. Analyst Price Target Updates
• Negative Sentiment: A valuation-focused assessment following the earnings beat may be contributing to selling pressure, particularly as Viavi continues to report a negative net margin and carries a high earnings multiple based on current results. Viavi Solutions Following Earnings Beat and Guidance

Viavi Solutions Price Performance

VIAV stock opened at $39.14 on Monday. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of -260.92 and a beta of 1.22. Viavi Solutions Inc. has a 1-year low of $10.30 and a 1-year high of $60.43. The firm has a fifty day moving average price of $44.19 and a two-hundred day moving average price of $39.10. 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 posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 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 business had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. During the same period in the previous year, the business posted $0.13 EPS. The company's quarterly revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Research analysts predict that Viavi Solutions Inc. will post 1.02 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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