HBK Investments L P Takes Position in Viavi Solutions Inc. $VIAV

Key Points

• HBK Investments acquired 200,000 shares of Viavi Solutions in the second quarter, worth approximately $9.55 million, while institutional investors collectively owned 95.54% of the company.
• Viavi reported quarterly revenue of $443.1 million, up 52.5% year over year, and adjusted earnings of $0.34 per share—beating analyst estimates of $0.30. The company guided for first-quarter fiscal 2027 EPS of $0.40–$0.42.
• Shares recently rose 2.1% to $34.47, while analysts maintained a “Moderate Buy” consensus with an average price target of $55.43; however, company insiders sold 163,828 shares worth about $6.68 million over the past three months.

HBK Investments L P acquired a new stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 200,000 shares of the communications equipment provider's stock, valued at approximately $9,550,000. HBK Investments L P owned approximately 0.08% of Viavi Solutions at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in VIAV. GTS Securities LLC grew its holdings in Viavi Solutions by 4.5% during the 2nd quarter. GTS Securities LLC now owns 6,511 shares of the communications equipment provider's stock worth $311,000 after acquiring an additional 283 shares in the last quarter. WPG Advisers LLC raised its holdings in shares of Viavi Solutions by 96.2% in the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider's stock valued at $26,000 after purchasing an additional 380 shares in the last quarter. Carolina Wealth Advisors LLC raised its holdings in shares of Viavi Solutions by 83.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider's stock valued at $41,000 after purchasing an additional 387 shares in the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Viavi Solutions in the 2nd quarter worth approximately $33,000. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of Viavi Solutions in the 2nd quarter worth approximately $38,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Stock Up 2.1%

Shares of NASDAQ:VIAV traded up $0.71 during trading on Wednesday, reaching $34.47. The stock had a trading volume of 4,693,507 shares, compared to its average volume of 6,042,025. Viavi Solutions Inc. has a one year low of $12.05 and a one year high of $60.43. The company has a market capitalization of $8.51 billion, a P/E ratio of -229.78 and a beta of 1.22. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The firm's 50-day simple moving average is $38.66 and its 200 day simple moving average is $41.63.

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

Analyst Ratings Changes

Several brokerages recently issued reports on VIAV. Weiss Ratings lowered shares of Viavi Solutions from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, September 8th. Wall Street Zen lowered Viavi Solutions from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 29th. Rosenblatt Securities reaffirmed a "buy" rating and set a $70.00 target price on shares of Viavi Solutions in a research report on Wednesday, August 19th. Susquehanna lifted their price target on Viavi Solutions from $65.00 to $66.00 and gave the company a "positive" rating in a report on Wednesday, July 1st. Finally, Zacks Research raised Viavi Solutions from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $55.43.

Insider Activity

In other news, SVP Luke Scrivanich sold 23,911 shares of the company's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $36.37, for a total transaction of $869,643.07. Following the transaction, the senior vice president directly owned 39,598 shares of the company's stock, valued at approximately $1,440,179.26. This represents a 37.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ilan Daskal sold 56,290 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $36.29, for a total value of $2,042,764.10. Following the sale, the executive vice president owned 10,132 shares of the company's stock, valued at approximately $367,690.28. This represents a 84.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 163,828 shares of company stock valued at $6,676,449 over the last three months. Company insiders own 1.80% of the company's stock.

About Viavi Solutions

Viavi Solutions Inc NASDAQ: VIAV develops test, measurement, and assurance technologies for communications networks and optical systems. Its products and software help telecommunications providers, network equipment manufacturers, data centers, government organizations, and other enterprises build, validate, monitor, and maintain wired and wireless networks.

The company's offerings include instruments and software for fiber-optic testing, network installation and certification, service activation, network performance monitoring, troubleshooting, and telecommunications equipment testing.

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