BlackRock Inc. bought a new stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,728,357 shares of the communications equipment provider's stock, valued at approximately $1,228,529,000. BlackRock Inc. owned approximately 11.00% of Viavi Solutions at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. WPG Advisers LLC raised its position in Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider's stock valued at $26,000 after purchasing an additional 380 shares in the last quarter. Carolina Wealth Advisors LLC raised its holdings in shares of Viavi Solutions by 83.2% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider's stock worth $41,000 after buying an additional 387 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Viavi Solutions by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider's stock worth $204,000 after buying an additional 394 shares in the last quarter. Lido Advisors LLC lifted its position in shares of Viavi Solutions by 2.0% during the 4th quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider's stock worth $438,000 after buying an additional 473 shares during the last quarter. Finally, Maryland State Retirement & Pension System lifted its position in shares of Viavi Solutions by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider's stock worth $580,000 after buying an additional 478 shares during the last quarter. Institutional investors own 95.54% of the company's stock.
Viavi Solutions Stock Performance
NASDAQ VIAV opened at $38.56 on Friday. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of -257.05 and a beta of 1.21. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. Viavi Solutions Inc. has a twelve month low of $10.49 and a twelve month high of $60.43. The stock has a fifty day simple moving average of $42.68 and a 200 day simple moving average of $40.40.
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 the consensus estimate of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The firm had revenue of $443.10 million for the quarter, compared to the consensus estimate of $432.62 million. During the same period in the previous year, the business earned $0.13 EPS. The business'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. Sell-side analysts expect that Viavi Solutions Inc. will post 1.32 EPS for the current year.
Insider Buying and Selling
In other Viavi Solutions news, EVP Paul Mcnab sold 1,595 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 13,876 shares in the company, valued at approximately $518,546.12. This trade represents a 10.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura A. Black sold 71,000 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the transaction, the director owned 71,497 shares of the company's stock, valued at approximately $3,297,441.64. The trade was a 49.83% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.80% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on VIAV. Wall Street Zen upgraded Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. Rosenblatt Securities reissued a "buy" rating and issued a $70.00 target price on shares of Viavi Solutions in a report on Wednesday. Needham & Company LLC reduced their price target on shares of Viavi Solutions from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Stifel Nicolaus lifted their price target on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Susquehanna upped their price objective on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a "positive" rating in a research report on Wednesday, July 1st. One equities research 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.88.
Read Our Latest Report on Viavi Solutions
Viavi Solutions Company Profile
(
Free Report)
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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