Cetera Investment Advisers Has $311,000 Position in Viavi Solutions Inc. $VIAV

Key Points

• Cetera Investment Advisers reduced its stake in Viavi Solutions by 54.7%, selling 33,526 shares and now owning 27,811 shares valued at $311,000.
• Research firms have revised their price targets for Viavi Solutions, with UBS Group and B. Riley setting a new target price of $12.00, while Needham & Company maintains a buy rating with a $15.00 target.
• Viavi Solutions reported a 15.3% year-over-year increase in revenue, announcing $290.50 million for the quarter and earnings per share of $0.13, surpassing estimates.

Cetera Investment Advisers cut its stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 54.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,811 shares of the communications equipment provider's stock after selling 33,526 shares during the period. Cetera Investment Advisers' holdings in Viavi Solutions were worth $311,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VIAV. USA Financial Formulas acquired a new stake in shares of Viavi Solutions in the first quarter worth approximately $53,000. First Horizon Advisors Inc. boosted its position in shares of Viavi Solutions by 29.1% in the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock worth $56,000 after acquiring an additional 1,138 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Viavi Solutions by 804.6% in the fourth quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock worth $70,000 after acquiring an additional 6,171 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Viavi Solutions by 64.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider's stock worth $95,000 after acquiring an additional 3,684 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Viavi Solutions in the fourth quarter worth approximately $135,000. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Price Performance

VIAV traded up $0.23 on Thursday, reaching $10.78. The company had a trading volume of 3,451,431 shares, compared to its average volume of 3,316,630. The company has a fifty day moving average of $10.17 and a 200-day moving average of $10.37. The company has a market capitalization of $2.41 billion, a P/E ratio of 67.38 and a beta of 0.87. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51. Viavi Solutions Inc. has a one year low of $7.80 and a one year high of $12.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. The company had revenue of $290.50 million during the quarter, compared to analyst estimates of $285.19 million. During the same quarter last year, the firm posted $0.08 EPS. The business's revenue for the quarter was up 15.3% on a year-over-year basis. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, equities research analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VIAV. UBS Group lifted their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Rosenblatt Securities reiterated a "buy" rating and set a $13.50 price objective on shares of Viavi Solutions in a research note on Friday, June 20th. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of Viavi Solutions in a research note on Friday, May 2nd. Susquehanna upgraded shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target for the company in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Viavi Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $13.31.

Insider Buying and Selling

In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $10.02, for a total transaction of $84,017.70. Following the completion of the sale, the director directly owned 242,311 shares of the company's stock, valued at approximately $2,427,956.22. This represents a 3.34% 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. Corporate insiders own 1.52% of the company's stock.

Viavi Solutions Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.