210,181 Shares in Viavi Solutions Inc. $VIAV Purchased by Nicholas Investment Partners LP

Nicholas Investment Partners LP purchased a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 210,181 shares of the communications equipment provider’s stock, valued at approximately $10,036,000. Nicholas Investment Partners LP owned approximately 0.09% of Viavi Solutions as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Jefferies Financial Group Inc. bought a new stake in Viavi Solutions during the fourth quarter valued at approximately $1,803,000. BlackRock Inc. purchased a new position in Viavi Solutions in the 2nd quarter worth approximately $1,228,529,000. Jackson Creek Investment Advisors LLC bought a new position in shares of Viavi Solutions in the 4th quarter worth $1,887,000. Tensor Edge Capital LLC bought a new position in shares of Viavi Solutions in the 4th quarter worth $2,673,000. Finally, Intech Investment Management LLC raised its position in shares of Viavi Solutions by 29.1% during 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 buying an additional 24,638 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Trading Down 5.0%

Shares of VIAV opened at $36.95 on Tuesday. The firm has a market cap of $9.12 billion, a price-to-earnings ratio of -246.32 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. Viavi Solutions Inc. has a fifty-two week low of $10.91 and a fifty-two week high of $60.43. The firm has a 50 day moving average price of $42.05 and a 200-day moving average price of $40.57.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $432.62 million. During the same quarter in the prior year, the company earned $0.13 EPS. The firm’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. As a group, equities research analysts forecast that Viavi Solutions Inc. will post 1.32 earnings per share for the current year.

Analysts Set New Price Targets

VIAV has been the subject of a number of research analyst reports. B. Riley Financial dropped their price objective on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Needham & Company LLC reduced their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and a consensus target price of $49.88.

Insider Activity

In other news, Director Laura A. Black sold 71,000 shares of Viavi Solutions stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the business’s 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 completion of the sale, the executive vice president directly owned 13,876 shares of the company’s stock, valued at approximately $518,546.12. This trade represents a 10.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Company 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.