Viavi Solutions Inc. $VIAV Shares Purchased by Tidal Investments LLC

Key Points

• Tidal Investments increased its Viavi Solutions stake by 697.1% in the second quarter, acquiring 45,484 additional shares for a total holding valued at approximately $2.48 million. Institutional investors and hedge funds collectively own 95.54% of the stock.
• Viavi insiders sold 163,828 shares worth about $6.68 million over the past 90 days, including substantial sales by executives Paul McNab and Ilan Daskal.
• Analysts maintain a consensus “Moderate Buy” rating with an average $55.43 price target, while Viavi reported quarterly EPS of $0.34 and revenue of $443.1 million, up 52.5% year over year. Shares opened at $33.76, well below the consensus target.

Tidal Investments LLC raised its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV - Free Report) by 697.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,009 shares of the communications equipment provider's stock after acquiring an additional 45,484 shares during the quarter. Tidal Investments LLC's holdings in Viavi Solutions were worth $2,483,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. WPG Advisers LLC raised its stake in shares of Viavi Solutions by 96.2% in the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider's stock valued at $26,000 after purchasing an additional 380 shares in the last quarter. Silvant Capital Management LLC acquired a new position in Viavi Solutions in the second quarter worth about $33,000. Persistent Asset Partners Ltd acquired a new position in Viavi Solutions in the second quarter worth about $38,000. Carolina Wealth Advisors LLC increased its holdings in Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider's stock valued at $41,000 after buying an additional 387 shares during the last quarter. Finally, Cedar Mountain Advisors LLC bought a new stake in Viavi Solutions in the first quarter valued at about $50,000. 95.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Paul McNab sold 11,032 shares of the company's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $38.97, for a total transaction of $429,917.04. Following the completion of the transaction, the executive vice president owned 25,639 shares in the company, valued at approximately $999,151.83. This represents a 30.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ilan Daskal sold 56,290 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $36.29, for a total transaction of $2,042,764.10. Following the completion of the sale, the executive vice president directly owned 10,132 shares in the company, valued at approximately $367,690.28. This trade represents a 84.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 163,828 shares of company stock valued at $6,676,449. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VIAV. Weiss Ratings downgraded Viavi Solutions from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, September 8th. B. Riley Financial lowered their price target on Viavi Solutions from $63.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Rosenblatt Securities reissued a "buy" rating and set a $70.00 price target on shares of Viavi Solutions in a research report on Wednesday, August 19th. UBS Group decreased their price objective on shares of Viavi Solutions from $60.00 to $44.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Finally, Susquehanna boosted their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a "positive" rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Viavi Solutions has a consensus rating of "Moderate Buy" and an average price target of $55.43.

Viavi Solutions Stock Down 0.2%

NASDAQ:VIAV opened at $33.76 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $38.66 and a 200-day moving average of $41.63. The firm has a market capitalization of $8.33 billion, a PE ratio of -225.05 and a beta of 1.22. Viavi Solutions Inc. has a 52 week low of $12.05 and a 52 week high of $60.43.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The business had revenue of $443.10 million for the quarter, compared to the consensus estimate of $432.62 million. During the same quarter last year, the business posted $0.13 EPS. The business's revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Analysts predict that Viavi Solutions Inc. will post 1.32 EPS for the current year.

About Viavi Solutions

Viavi Solutions Inc NASDAQ: VIAV develops test, measurement, and assurance technologies for communications networks and optical systems. Its products and software help telecommunications providers, network equipment manufacturers, data centers, government organizations, and other enterprises build, validate, monitor, and maintain wired and wireless networks.

The company's offerings include instruments and software for fiber-optic testing, network installation and certification, service activation, network performance monitoring, troubleshooting, and telecommunications equipment testing.

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