Viavi Solutions Inc. $VIAV Shares Bought by Bank of America Corp DE

Key Points

• Bank of America increased its Viavi Solutions stake by 27% in the first quarter, purchasing 550,589 additional shares and ending with 2.59 million shares worth approximately $86.1 million. Institutional investors and hedge funds collectively own 95.54% of VIAV.
• Viavi reported quarterly earnings of $0.34 per share on revenue of $443.1 million, beating analyst estimates and marking 52.5% year-over-year revenue growth. Management guided fiscal Q1 2027 EPS to $0.40–$0.42, supported by data-center, aerospace and defense, and Spirent-related demand.
• VIAV recently traded down 3.6% to $39.14, while analyst views remained mixed: several firms maintained buy ratings with targets as high as $70, but UBS cut its target to $44 and assigned a neutral rating amid valuation concerns and the company’s negative net margin.

Bank of America Corp DE raised its position in Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 27.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,587,893 shares of the communications equipment provider's stock after purchasing an additional 550,589 shares during the quarter. Bank of America Corp DE owned 1.11% of Viavi Solutions worth $86,125,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of VIAV. Jefferies Financial Group Inc. acquired a new position in Viavi Solutions during the fourth quarter valued at approximately $1,803,000. Phocas Financial Corp. purchased a new stake in Viavi Solutions during the fourth quarter worth approximately $3,772,000. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Viavi Solutions in the fourth quarter worth $1,887,000. Tensor Edge Capital LLC purchased a new position in shares of Viavi Solutions in the 4th quarter valued at $2,673,000. Finally, Intech Investment Management LLC raised its stake 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 valued at $1,947,000 after acquiring an additional 24,638 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Trading Down 3.6%

VIAV opened at $39.14 on Friday. The firm has a market capitalization of $9.16 billion, a P/E ratio of -260.92 and a beta of 1.21. The firm's 50 day moving average is $44.19 and its 200-day moving average is $38.96. Viavi Solutions Inc. has a 52-week low of $10.30 and a 52-week high of $60.43. The company has a quick ratio of 1.39, a current ratio of 1.85 and a debt-to-equity ratio of 0.27.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $443.10 million during the quarter, compared to the consensus estimate of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The business's quarterly revenue was up 52.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Analysts expect that Viavi Solutions Inc. will post 1.02 EPS for the current fiscal year.

More Viavi Solutions News

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: Viavi reported fiscal fourth-quarter adjusted earnings of $0.34 per share, above the $0.30 consensus estimate, while revenue reached $443.1 million—also ahead of expectations and up 52.5% year over year. Viavi Solutions Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Management issued fiscal first-quarter 2027 EPS guidance of $0.40 to $0.42 and is targeting a $500 million quarterly revenue run rate in calendar 2027. Growth is being supported by data-center, aerospace-and-defense demand and contributions from the Spirent portfolio. Viavi Anticipates Q1 FY2027 EPS and $500 Million Quarter
• Positive Sentiment: The earnings call highlighted expanding test opportunities tied to 1.6-terabit networking, co-packaged optics and optical switching, potentially strengthening Viavi’s exposure to AI-related data-center infrastructure. VIAVI Q4 Earnings Call Signals Data Center Strength
• Neutral Sentiment: Analyst sentiment remains broadly constructive, with buy ratings and targets of $60 from Needham and B. Riley, $65 from Stifel and $70 from Rosenblatt, implying substantial potential upside from recent trading levels.
• Negative Sentiment: UBS lowered its target from $60 to $44 and assigned a neutral rating. Other firms also reduced their targets, suggesting concerns that the strong earnings outlook may already be reflected in the valuation. Analyst Price Target Updates
• Negative Sentiment: A valuation-focused assessment following the earnings beat may be contributing to selling pressure, particularly as Viavi continues to report a negative net margin and carries a high earnings multiple based on current results. Viavi Solutions Following Earnings Beat and Guidance

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Viavi Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, July 16th. B. Riley Financial cut their price objective on Viavi Solutions from $63.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday. Rosenblatt Securities reissued a "buy" rating and issued a $70.00 price objective on shares of Viavi Solutions in a research report on Thursday. Stifel Nicolaus boosted their price objective on Viavi Solutions from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, UBS Group decreased their target price on Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating for the company in a research report on Thursday. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.88.

Viavi Solutions 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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