Connor Clark & Lunn Investment Management Ltd. bought a new stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 83,608 shares of the communications equipment provider's stock, valued at approximately $936,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in VIAV. LPL Financial LLC lifted its stake in shares of Viavi Solutions by 17.9% in the 4th quarter. LPL Financial LLC now owns 38,823 shares of the communications equipment provider's stock valued at $392,000 after purchasing an additional 5,891 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Viavi Solutions by 198.7% in the 4th quarter. Renaissance Technologies LLC now owns 157,400 shares of the communications equipment provider's stock valued at $1,590,000 after purchasing an additional 104,700 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Viavi Solutions in the 4th quarter valued at approximately $718,000. Sterling Capital Management LLC increased its position in Viavi Solutions by 804.6% during the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock valued at $70,000 after buying an additional 6,171 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in Viavi Solutions by 85.3% during the 4th quarter. Guggenheim Capital LLC now owns 45,720 shares of the communications equipment provider's stock valued at $462,000 after buying an additional 21,048 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company's stock.
Viavi Solutions Stock Performance
Shares of VIAV traded down $0.11 during trading hours on Wednesday, hitting $10.55. The stock had a trading volume of 4,657,857 shares, compared to its average volume of 2,334,363. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30. Viavi Solutions Inc. has a 12 month low of $7.80 and a 12 month high of $12.91. The firm has a market capitalization of $2.36 billion, a PE ratio of 65.94 and a beta of 0.87. The stock has a fifty day moving average price of $10.12 and a 200 day moving average price of $10.38.
Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The company had revenue of $290.50 million during the quarter, compared to analyst estimates of $285.19 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. Viavi Solutions's revenue was up 15.3% compared to the same quarter last year. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. Analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current year.
Insider Activity at Viavi Solutions
In related news, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total value of $84,017.70. Following the completion of the sale, the director owned 242,311 shares of the company's stock, valued at $2,427,956.22. The trade was a 3.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.52% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on VIAV shares. Susquehanna raised Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price objective for the company in a research report on Friday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price objective on shares of Viavi Solutions in a research report on Friday, May 2nd. Wall Street Zen raised Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. B. Riley raised their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $13.50 price objective on shares of Viavi Solutions in a research report on Friday, June 20th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $13.31.
Read Our Latest Report on VIAV
Viavi Solutions Profile
(
Free Report)
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.
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