Canada Pension Plan Investment Board Acquires New Shares in Viavi Solutions Inc. $VIAV

Key Points

• Canada Pension Plan Investment Board acquired 265,000 Viavi Solutions shares worth approximately $12.65 million, giving it a 0.11% stake. Institutional investors collectively own 95.54% of the company.
• Viavi reported quarterly earnings of $0.34 per share, 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 generally positive outlook, with a consensus “Moderate Buy” rating and a $49.88 price target, although targets range from $44 to $70. Shares recently opened at $36.54, while two company insiders disclosed stock sales.

Canada Pension Plan Investment Board acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 265,000 shares of the communications equipment provider's stock, valued at approximately $12,654,000. Canada Pension Plan Investment Board owned about 0.11% of Viavi Solutions at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. WPG Advisers LLC lifted its stake in Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider's stock valued at $26,000 after buying an additional 380 shares during the last quarter. Silvant Capital Management LLC bought a new position in shares of Viavi Solutions during the second quarter worth about $33,000. State of Wyoming bought a new position in shares of Viavi Solutions during the fourth quarter worth about $34,000. Persistent Asset Partners Ltd acquired a new stake in shares of Viavi Solutions in the 2nd quarter worth about $38,000. Finally, Carolina Wealth Advisors LLC lifted its position in Viavi Solutions by 83.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider's stock valued at $41,000 after purchasing an additional 387 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $36.54 on Friday. Viavi Solutions Inc. has a fifty-two week low of $11.09 and a fifty-two week high of $60.43. The firm's 50-day simple moving average is $41.22 and its 200 day simple moving average is $40.81. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The stock has a market cap of $9.02 billion, a P/E ratio of -243.58 and a beta of 1.21.

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen cut shares of Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research report on Saturday. UBS Group cut their price target on Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. Stifel Nicolaus lifted their price target on Viavi Solutions from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Needham & Company LLC reduced their price objective on Viavi Solutions from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Viavi Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.88.

Insider Buying and Selling

In other news, Director Laura A. Black sold 71,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the sale, the director directly owned 71,497 shares of the company's stock, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul Mcnab sold 1,595 shares of the 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 of the company's stock, valued at $518,546.12. This trade represents a 10.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.80% of the company's stock.

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.

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