Viavi Solutions Inc. $VIAV Shares Acquired by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Viavi Solutions by 0.3%, now owning approximately 10,560,567 shares valued at $118.17 million.
• Viavi Solutions has received upgrades in ratings from several research analysts, with price targets now reaching up to $15.00.
• The company reported a 15.3% year-over-year revenue increase, earning $0.13 per share, surpassing analyst expectations.

T. Rowe Price Investment Management Inc. boosted its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 0.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,560,567 shares of the communications equipment provider's stock after acquiring an additional 36,172 shares during the period. T. Rowe Price Investment Management Inc. owned about 4.73% of Viavi Solutions worth $118,173,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. USA Financial Formulas acquired a new position in shares of Viavi Solutions in the 1st quarter valued at $53,000. First Horizon Advisors Inc. boosted its holdings in shares of Viavi Solutions by 29.1% in the 1st quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock valued at $56,000 after buying an additional 1,138 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Viavi Solutions by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock valued at $70,000 after buying an additional 6,171 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Viavi Solutions by 64.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 9,389 shares of the communications equipment provider's stock valued at $95,000 after buying an additional 3,684 shares in the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in shares of Viavi Solutions in the 4th quarter valued at $135,000. Institutional investors and hedge funds own 95.54% of the company's stock.

Viavi Solutions Stock Performance

Viavi Solutions stock traded up $0.32 during trading hours on Friday, reaching $11.10. 4,122,856 shares of the stock were exchanged, compared to its average volume of 3,568,217. The stock has a market cap of $2.48 billion, a P/E ratio of 69.38 and a beta of 0.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.50. Viavi Solutions Inc. has a 52-week low of $7.80 and a 52-week high of $12.91. The firm's 50 day moving average is $10.21 and its 200 day moving average is $10.33.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $290.50 million during the quarter, compared to the consensus estimate of $285.19 million. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. Viavi Solutions's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. Analysts predict that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $10.02, for a total transaction of $84,017.70. Following the transaction, the director directly owned 242,311 shares of the company's stock, valued at $2,427,956.22. This represents a 3.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.52% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on VIAV shares. Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price target on shares of Viavi Solutions in a research report on Friday, May 2nd. Morgan Stanley upped their price target on shares of Viavi Solutions from $8.60 to $9.30 and gave the company an "underweight" rating in a research report on Monday, August 11th. Rosenblatt Securities reiterated a "buy" rating and issued a $13.50 price target on shares of Viavi Solutions in a research report on Friday, June 20th. Finally, UBS Group upped their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Viavi Solutions has an average rating of "Moderate Buy" and a consensus price target of $13.31.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.