Empowered Funds LLC Takes Position in Viavi Solutions Inc. $VIAV

Empowered Funds LLC acquired a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 197,310 shares of the communications equipment provider’s stock, valued at approximately $9,422,000. Empowered Funds LLC owned 0.08% of Viavi Solutions as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. WPG Advisers LLC lifted its holdings in 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 acquiring an additional 380 shares during the last quarter. Silvant Capital Management LLC acquired a new position in shares of Viavi Solutions in the 2nd quarter worth approximately $33,000. State of Wyoming acquired a new position in shares of Viavi Solutions in the 4th quarter worth approximately $34,000. Persistent Asset Partners Ltd bought a new stake in shares of Viavi Solutions in the 2nd quarter worth approximately $38,000. Finally, Carolina Wealth Advisors LLC raised its holdings in shares of Viavi Solutions by 83.2% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after purchasing an additional 387 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

Insider Activity at Viavi Solutions

In related news, EVP Paul Mcnab sold 1,595 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $37.37, for a total transaction of $59,605.15. Following the transaction, the executive vice president directly 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 document filed with the SEC, which is accessible through the SEC website. 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 transaction 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. This represents a 49.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.80% of the company’s stock.

Viavi Solutions Price Performance

VIAV opened at $36.54 on Friday. The firm has a market capitalization of $9.02 billion, a P/E ratio of -243.58 and a beta of 1.21. The stock has a fifty day moving average of $41.22 and a 200-day moving average of $40.81. 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 $11.09 and a 12-month high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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%.Viavi Solutions’s revenue for the quarter was up 52.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Equities analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VIAV shares. Rosenblatt Securities restated a “buy” rating and issued a $70.00 price target on shares of Viavi Solutions in a research report on Wednesday, August 19th. 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 report on Thursday, August 6th. Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. B. Riley Financial decreased their price target on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Stifel Nicolaus lifted their price target on Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and an average 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.