Ranger Investment Management L.P. Takes $5.38 Million Position in Viavi Solutions Inc. $VIAV

Key Points

• Ranger Investment Management initiated a $5.38 million position in Viavi Solutions during the second quarter by purchasing 112,740 shares. Institutional investors collectively own 95.54% of the company.
• Viavi reported quarterly EPS of $0.34, exceeding estimates of $0.30, while revenue rose 52.5% year over year to $443.1 million. The company issued first-quarter fiscal 2027 EPS guidance of $0.40–$0.42.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $49.88, although targets range from $44 to $70. A company director and an executive vice president recently sold shares.

Ranger Investment Management L.P. purchased a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 112,740 shares of the communications equipment provider's stock, valued at approximately $5,383,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jefferies Financial Group Inc. acquired a new stake in Viavi Solutions during the 4th quarter worth $1,803,000. Jackson Creek Investment Advisors LLC acquired a new position in shares of Viavi Solutions in the 4th quarter valued at $1,887,000. Tensor Edge Capital LLC acquired a new position in shares of Viavi Solutions in the 4th quarter valued at $2,673,000. BlackRock Inc. acquired a new position in shares of Viavi Solutions in the 2nd quarter valued at $1,228,529,000. Finally, Intech Investment Management LLC boosted its position in shares of 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 during the last quarter. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Price Performance

Shares of VIAV stock opened at $38.90 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. Viavi Solutions Inc. has a 12-month low of $10.78 and a 12-month high of $60.43. The firm has a fifty day moving average of $42.39 and a 200-day moving average of $40.49. The firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of -259.32 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued 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. The business had revenue of $443.10 million for the quarter, compared to the consensus estimate 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 was up 52.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. 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 earnings per share for the current year.

Insider Activity

In other news, Director Laura A. Black sold 71,000 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the sale, the director owned 71,497 shares of the company's stock, valued at $3,297,441.64. This trade represents a 49.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of Viavi Solutions 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 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. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Needham & Company LLC decreased their price objective on Viavi Solutions from $68.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. UBS Group cut their target price on Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Rosenblatt Securities restated a "buy" rating and set a $70.00 target price on shares of Viavi Solutions in a report on Wednesday, August 19th. Wall Street Zen upgraded Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. Finally, Zacks Research upgraded Viavi Solutions from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $49.88.

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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