CW Advisors LLC Invests $276,000 in Viavi Solutions Inc. $VIAV

Key Points

• CW Advisors LLC invested $276,000 in Viavi Solutions Inc., acquiring 24,003 shares during the first quarter of the year.
• Several large institutional investors have increased their stakes in Viavi Solutions, with Victory Capital Management reporting a massive 7,293.1% increase in holdings.
• Wall Street analysts have a moderate buy consensus on Viavi Solutions, with an average target price of $13.31 and multiple firms upgrading the stock to "strong-buy" ratings.

CW Advisors LLC acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,003 shares of the communications equipment provider's stock, valued at approximately $276,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Viavi Solutions by 1.8% during the first quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider's stock worth $340,624,000 after buying an additional 540,045 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Viavi Solutions by 0.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,560,567 shares of the communications equipment provider's stock valued at $118,173,000 after purchasing an additional 36,172 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Viavi Solutions by 10.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,398,610 shares of the communications equipment provider's stock valued at $64,626,000 after purchasing an additional 620,773 shares during the last quarter. Woodline Partners LP boosted its position in Viavi Solutions by 423.7% during the fourth quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider's stock valued at $34,700,000 after purchasing an additional 2,779,615 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Viavi Solutions by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,358,676 shares of the communications equipment provider's stock valued at $37,584,000 after purchasing an additional 23,783 shares during the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Stock Performance

NASDAQ:VIAV traded up $0.01 during mid-day trading on Friday, hitting $11.28. 3,360,797 shares of the stock were exchanged, compared to its average volume of 3,966,476. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 41.78 and a beta of 0.91. The firm's 50-day simple moving average is $10.40 and its 200 day simple moving average is $10.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.50. Viavi Solutions Inc. has a fifty-two week low of $7.80 and a fifty-two week high of $12.91.

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. 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 the consensus estimate of $285.19 million. During the same quarter last year, the firm earned $0.08 earnings per share. The company's revenue 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 analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of the stock in a transaction that occurred 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 transaction, the director owned 242,311 shares in the company, valued at $2,427,956.22. This represents a 3.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VIAV has been the subject of several recent research reports. Susquehanna raised Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 price target for the company in a research report on Friday, August 8th. B. Riley increased their price target on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. UBS Group 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. Morgan Stanley raised their price objective on Viavi Solutions from $8.60 to $9.30 and gave the company an "underweight" rating in a research report on Monday, August 11th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $13.50 price objective on shares of Viavi Solutions in a research report on Friday, June 20th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.31.

About Viavi Solutions

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.