Global Retirement Partners LLC Purchases Shares of 37,821 Viavi Solutions Inc. $VIAV

Key Points

• Global Retirement Partners acquired 37,821 Viavi Solutions shares in the second quarter, valued at approximately $1.8 million. Institutional investors and hedge funds collectively own 95.54% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $49.88. Recent target changes ranged from UBS’s reduction to $44 to Stifel’s increase to $65.
• Viavi exceeded quarterly expectations, reporting $0.34 in adjusted EPS versus a $0.30 consensus and revenue of $443.1 million, up 52.5% year over year. Shares opened at $46.26, compared with a 52-week range of $10.44 to $60.43.

Global Retirement Partners LLC acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 37,821 shares of the communications equipment provider's stock, valued at approximately $1,806,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jefferies Financial Group Inc. bought a new stake in shares of Viavi Solutions in the fourth quarter valued at about $1,803,000. Jackson Creek Investment Advisors LLC bought a new position in Viavi Solutions during the fourth quarter worth about $1,887,000. Tensor Edge Capital LLC acquired a new stake in Viavi Solutions in the 4th quarter worth about $2,673,000. Intech Investment Management LLC raised its stake in Viavi Solutions by 29.1% in the 4th quarter. Intech Investment Management LLC now owns 109,258 shares of the communications equipment provider's stock worth $1,947,000 after purchasing an additional 24,638 shares in the last quarter. Finally, Granahan Investment Management LLC bought a new stake in Viavi Solutions in the 1st quarter valued at about $3,187,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on VIAV shares. UBS Group lowered their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. B. Riley Financial reduced their price target on Viavi Solutions from $63.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Stifel Nicolaus upped their target price on Viavi Solutions from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Wall Street Zen raised Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Susquehanna raised their price target on Viavi Solutions from $65.00 to $66.00 and gave the stock a "positive" rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $49.88.

Viavi Solutions Stock Performance

Shares of NASDAQ:VIAV opened at $46.26 on Tuesday. Viavi Solutions Inc. has a 1 year low of $10.44 and a 1 year high of $60.43. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of -308.38 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. The company's 50 day simple moving average is $43.18 and its 200 day simple moving average is $40.05.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The company had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. During the same quarter last year, the company posted $0.13 EPS. The company's revenue for the quarter was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, research analysts predict that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 1,595 shares of the business's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $37.37, for a total transaction of $59,605.15. Following the completion of the transaction, the executive vice president owned 13,876 shares of the company's stock, valued at approximately $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

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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