Parsifal Capital Management LP Makes New Investment in Viavi Solutions Inc. $VIAV

Key Points

• Parsifal Capital Management initiated a 618,839-share Viavi Solutions position valued at approximately $29.5 million, representing 3.6% of its portfolio and about 0.26% of Viavi’s outstanding shares. Other institutional investors also established new positions, with institutions collectively owning 95.54% of the stock.
• Analyst sentiment is generally positive: Viavi has a consensus rating of “Moderate Buy” and an average price target of $49.88, though targets range from $60 to $66 and one analyst maintains a sell rating. Insider selling was also reported, including a director’s sale of 71,000 shares.
• Viavi exceeded quarterly expectations, reporting adjusted EPS of $0.34 versus the $0.30 consensus and revenue of $443.1 million, up 52.5% year over year. The company issued Q1 2027 EPS guidance of $0.40–$0.42, while the stock recently opened at $38.90.

Parsifal Capital Management LP acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 618,839 shares of the communications equipment provider's stock, valued at approximately $29,549,562,000. Viavi Solutions accounts for 3.6% of Parsifal Capital Management LP's portfolio, making the stock its 12th biggest position. Parsifal Capital Management LP owned approximately 0.26% of Viavi Solutions as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Ranger Investment Management L.P. acquired a new stake in shares of Viavi Solutions during the 2nd quarter worth about $5,383,000. OMERS ADMINISTRATION Corp bought a new position in Viavi Solutions during the 2nd quarter valued at about $306,000. Sanctuary Advisors LLC acquired a new position in Viavi Solutions in the second quarter valued at about $397,000. PEAK6 LLC acquired a new position in Viavi Solutions in the second quarter valued at about $2,477,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in Viavi Solutions in the second quarter valued at about $259,000. Institutional investors own 95.54% of the company's stock.

Insider Activity

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of the company's stock in a transaction dated 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 transaction, the director directly owned 71,497 shares in the company, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were 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 directly owned 13,876 shares in the company, valued at $518,546.12. This trade represents a 10.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VIAV. Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. Susquehanna increased 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. Weiss Ratings cut Viavi Solutions from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. Stifel Nicolaus lifted their price objective on Viavi Solutions from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Needham & Company LLC reduced their price objective on Viavi Solutions from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.88.

Viavi Solutions Price Performance

NASDAQ VIAV opened at $38.90 on Monday. The stock has a market capitalization of $9.60 billion, a P/E ratio of -259.32 and a beta of 1.22. Viavi Solutions Inc. has a 52 week low of $10.78 and a 52 week high of $60.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. The stock has a fifty day moving average of $42.39 and a 200-day moving average of $40.49.

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. 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 firm's revenue for the quarter was up 52.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities research analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Viavi Solutions Company 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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