Concurrent Investment Advisors LLC Purchases New Position in Viavi Solutions Inc. $VIAV

Key Points

• Concurrent Investment Advisors acquired 73,438 Viavi Solutions shares worth approximately $3.5 million in the second quarter. Institutional investors collectively own 95.54% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $55.43, despite UBS lowering its target to $44.
• Viavi exceeded quarterly expectations, reporting $0.34 in earnings per share versus a $0.30 estimate and revenue of $443.1 million, up 52.5% year over year. However, insiders sold 152,796 shares worth $6.25 million over the past three months.

Concurrent Investment Advisors LLC acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 73,438 shares of the communications equipment provider's stock, valued at approximately $3,507,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VIAV. WPG Advisers LLC boosted its position 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 in the last quarter. Silvant Capital Management LLC acquired a new position in shares of Viavi Solutions during the second quarter worth $33,000. State of Wyoming acquired a new position in shares of Viavi Solutions during the fourth quarter worth $34,000. Persistent Asset Partners Ltd bought a new position in shares of Viavi Solutions in the 2nd quarter valued at $38,000. Finally, Carolina Wealth Advisors LLC lifted its stake in shares of 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 acquiring an additional 387 shares during the last quarter. Institutional investors own 95.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. 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 report on Thursday, August 6th. Rosenblatt Securities reiterated a "buy" rating and issued a $70.00 target price on shares of Viavi Solutions in a research report on Wednesday, August 19th. B. Riley Financial cut their price target on Viavi Solutions from $63.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Susquehanna lifted their price target on Viavi Solutions from $65.00 to $66.00 and gave the company a "positive" rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded Viavi Solutions from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $55.43.

Insiders Place Their Bets

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of the 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 directly owned 71,497 shares in the company, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul McNab sold 1,595 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $37.37, for a total transaction of $59,605.15. Following the sale, the executive vice president directly owned 13,876 shares of the company's stock, valued at approximately $518,546.12. This trade represents a 10.31% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 152,796 shares of company stock valued at $6,246,532. Company insiders own 1.80% of the company's stock.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock opened at $34.86 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $39.44 and a two-hundred day moving average price of $41.25. Viavi Solutions Inc. has a 1-year low of $11.53 and a 1-year high of $60.43. The company has a market cap of $8.60 billion, a P/E ratio of -232.38 and a beta of 1.22.

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 firm had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The business's quarterly revenue was up 52.5% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, analysts anticipate that Viavi Solutions Inc. will post 1.32 EPS for the current year.

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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