New Mexico Educational Retirement Board Makes New Investment in Viavi Solutions Inc. $VIAV

Key Points

• New Mexico Educational Retirement Board purchased 48,600 shares of Viavi Solutions in the second quarter, valued at approximately $2.3 million. Institutional investors collectively own 95.54% of the company.
• Viavi reported quarterly earnings of $0.34 per share, beating estimates of $0.30, while revenue rose 52.5% year over year to $443.1 million. The company guided for first-quarter fiscal 2027 EPS of $0.40–$0.42.
• VIAV shares opened at $36.54, down 5%, while analysts maintained a “Moderate Buy” consensus with an average price target of $49.88; targets ranged from $44 to $65.

New Mexico Educational Retirement Board purchased a new stake in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 48,600 shares of the communications equipment provider's stock, valued at approximately $2,321,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Viavi Solutions in the second quarter valued at approximately $1,228,529,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Viavi Solutions by 431.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider's stock worth $84,258,000 after buying an additional 5,389,435 shares during the period. Bank of America Corp DE acquired a new position in shares of Viavi Solutions during the 2nd quarter worth approximately $134,922,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Viavi Solutions in the first quarter valued at about $75,294,000. Finally, Invesco Ltd. raised its holdings in shares of Viavi Solutions by 116.0% during the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider's stock valued at $67,886,000 after acquiring an additional 2,045,702 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company's stock.

Viavi Solutions Stock Down 5.0%

Shares of NASDAQ:VIAV opened at $36.54 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $41.22 and a two-hundred day moving average of $40.81. The stock has a market cap of $9.02 billion, a P/E ratio of -243.58 and a beta of 1.21. Viavi Solutions Inc. has a 52-week low of $11.09 and a 52-week high of $60.43.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The company's quarterly revenue was up 52.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, research analysts expect that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on VIAV. Zacks Research upgraded Viavi Solutions from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. UBS Group dropped their price target on Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. Needham & Company LLC decreased their price objective on Viavi Solutions from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Weiss Ratings raised shares of Viavi Solutions from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday. Finally, Stifel Nicolaus increased their target price on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $49.88.

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 shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the transaction, the executive vice president directly owned 13,876 shares in the company, valued at $518,546.12. The trade was a 10.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Laura A. Black sold 71,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the sale, the director directly owned 71,497 shares of the company's stock, valued at approximately $3,297,441.64. This trade represents a 49.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is owned by insiders.

About Viavi Solutions

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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