Fox Run Management L.L.C. Purchases Shares of 23,759 Viavi Solutions Inc. $VIAV

Key Points

• Fox Run Management L.L.C. has made a new investment of $266,000 in Viavi Solutions Inc., acquiring 23,759 shares in the first quarter, as reported in its recent SEC filing.
• Viavi Solutions reported a 15.3% revenue increase year-over-year, with earnings per share of $0.13 for the latest quarter, surpassing the consensus estimate of $0.12.
• The stock's current price is $10.66, with an average analyst rating of "Moderate Buy" and a price target of $13.31.

Fox Run Management L.L.C. bought a new stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 23,759 shares of the communications equipment provider's stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in shares of Viavi Solutions in the first quarter valued at about $53,000. First Horizon Advisors Inc. grew its position in shares of Viavi Solutions by 29.1% in the 1st 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 in the last quarter. Sterling Capital Management LLC increased its stake in 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 valued at $70,000 after purchasing an additional 6,171 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Viavi Solutions by 64.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider's stock valued at $95,000 after buying an additional 3,684 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Viavi Solutions during the 4th quarter worth approximately $135,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Viavi Solutions

In related 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 completion of the transaction, the director directly owned 242,311 shares in the company, valued at $2,427,956.22. The trade was a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

VIAV has been the subject of a number of recent analyst reports. Susquehanna upgraded shares of Viavi Solutions from a "neutral" rating to a "positive" rating and set a $15.00 target price for the company in a research report on Friday, August 8th. B. Riley boosted their price target on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 target price on shares of Viavi Solutions in a report on Friday, May 2nd. UBS Group upped their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $13.50 price target on shares of Viavi Solutions in a report on Friday, June 20th. Six 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $13.31.

Viavi Solutions Trading Up 3.0%

VIAV stock traded up $0.32 during midday trading on Friday, reaching $11.10. 4,122,856 shares of the company traded hands, compared to its average volume of 3,423,554. Viavi Solutions Inc. has a 52-week low of $7.80 and a 52-week high of $12.91. The business has a 50 day moving average of $10.21 and a 200-day moving average of $10.36. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 69.38 and a beta of 0.87. 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 (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $290.50 million during the quarter, compared to analyst estimates of $285.19 million. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.Viavi Solutions's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 earnings per share. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, sell-side analysts expect that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

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.