Landscape Capital Management L.L.C. Takes $1.91 Million Position in Viavi Solutions Inc. $VIAV

Landscape Capital Management L.L.C. acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 39,983 shares of the communications equipment provider’s stock, valued at approximately $1,909,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in Viavi Solutions in the second quarter valued at about $1,228,529,000. Arrowstreet Capital Limited Partnership lifted its stake in 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 worth $84,258,000 after purchasing an additional 5,389,435 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Viavi Solutions during the first quarter worth about $75,294,000. Invesco Ltd. boosted its holdings in Viavi Solutions by 116.0% during the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock valued at $67,886,000 after purchasing an additional 2,045,702 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in 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 valued at $38,983,000 after purchasing an additional 1,990,848 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Price Performance

Shares of Viavi Solutions stock opened at $38.90 on Friday. 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 market capitalization of $9.60 billion, a price-to-earnings ratio of -259.32 and a beta of 1.21. Viavi Solutions Inc. has a 1-year low of $10.78 and a 1-year high of $60.43. The firm’s 50-day moving average price is $42.39 and its two-hundred day moving average price is $40.39.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. During the same quarter last year, the business posted $0.13 earnings per share. The company’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. On average, equities analysts predict that Viavi Solutions Inc. will post 1.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Laura A. Black sold 71,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the sale, the director directly owned 71,497 shares of the company’s stock, valued at $3,297,441.64. This trade represents a 49.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of Viavi Solutions stock in a transaction on Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VIAV shares. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a report on Wednesday. Needham & Company LLC cut their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Weiss Ratings lowered Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Susquehanna upped their price target on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday, July 1st. Finally, UBS Group dropped their price objective on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.