NFJ Investment Group LLC Makes New Investment in Viavi Solutions Inc. $VIAV

NFJ Investment Group LLC acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the second quarter, HoldingsChannel.com reports. The fund acquired 56,631 shares of the communications equipment provider’s stock, valued at approximately $2,704,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Viavi Solutions during the 2nd quarter worth $1,228,529,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Viavi Solutions by 431.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock valued at $84,258,000 after acquiring an additional 5,389,435 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Viavi Solutions during the first quarter valued at about $75,294,000. Invesco Ltd. increased its position in shares of Viavi Solutions by 116.0% during the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after acquiring an additional 2,045,702 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Viavi Solutions by 1,011.9% during the fourth quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider’s stock worth $38,983,000 after acquiring an additional 1,990,848 shares during the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VIAV has been the topic of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a research report on Wednesday. B. Riley Financial dropped their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Wall Street Zen raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Finally, Stifel Nicolaus boosted their target price on shares of Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given 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.

Insiders Place Their Bets

In other Viavi Solutions news, 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 sale, the executive vice president owned 13,876 shares of the company’s stock, valued at approximately $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Laura A. Black sold 71,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the transaction, the director owned 71,497 shares in the company, valued at approximately $3,297,441.64. The trade was a 49.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $38.56 on Friday. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of -257.05 and a beta of 1.21. Viavi Solutions Inc. has a twelve month low of $10.49 and a twelve month high of $60.43. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $42.68 and a 200 day simple moving average of $40.40.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The company’s revenue for the quarter was up 52.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Sell-side analysts expect that Viavi Solutions Inc. will post 1.32 EPS for the current year.

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.