83,608 Shares in Viavi Solutions Inc. $VIAV Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 83,608 shares of the communications equipment provider's stock, valued at approximately $936,000.

Several other hedge funds have also recently bought and sold shares of VIAV. USA Financial Formulas bought a new position in shares of Viavi Solutions during the first quarter worth approximately $53,000. First Horizon Advisors Inc. increased its holdings in shares of Viavi Solutions by 29.1% during the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock worth $56,000 after purchasing an additional 1,138 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Viavi Solutions by 804.6% during the fourth quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock worth $70,000 after purchasing an additional 6,171 shares during the period. TD Waterhouse Canada Inc. increased its holdings in shares of Viavi Solutions by 64.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider's stock worth $95,000 after purchasing an additional 3,684 shares during the period. Finally, Delta Financial Group Inc. bought a new position in shares of Viavi Solutions during the first quarter worth approximately $141,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. B. Riley raised their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Wall Street Zen raised shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. UBS Group lifted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Rosenblatt Securities restated a "buy" rating and set a $13.50 price objective on shares of Viavi Solutions in a research report on Friday, June 20th. Finally, Needham & Company LLC restated a "buy" rating and set a $15.00 price objective on shares of Viavi Solutions in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.31.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $10.02, for a total transaction of $84,017.70. Following the sale, the director owned 242,311 shares of the company's stock, valued at approximately $2,427,956.22. The trade was a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.52% of the company's stock.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV traded up $0.4040 during midday trading on Friday, reaching $11.1940. 892,671 shares of the company were exchanged, compared to its average volume of 2,331,033. The stock's 50-day moving average price is $10.17 and its 200-day moving average price is $10.37. The stock has a market cap of $2.50 billion, a P/E ratio of 69.91 and a beta of 0.87. Viavi Solutions Inc. has a one year low of $7.80 and a one year high of $12.91. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 0.51.

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

Viavi Solutions Company 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.