Viavi Solutions Inc. $VIAV Position Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,430,785 shares of the communications equipment provider’s stock after selling 210,269 shares during the period. Victory Capital Management Inc.’s holdings in Viavi Solutions were worth $43,537,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Knights of Columbus Asset Advisors LLC raised its position in shares of Viavi Solutions by 39.7% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 224,014 shares of the communications equipment provider’s stock worth $2,843,000 after purchasing an additional 63,605 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Viavi Solutions during the second quarter valued at $7,764,000. Fisher Asset Management LLC boosted its position in shares of Viavi Solutions by 14.2% in the 3rd quarter. Fisher Asset Management LLC now owns 469,354 shares of the communications equipment provider’s stock valued at $5,956,000 after purchasing an additional 58,364 shares during the period. Oak Ridge Investments LLC purchased a new position in Viavi Solutions in the 3rd quarter worth about $3,855,000. Finally, Cookson Peirce & Co. Inc. acquired a new stake in Viavi Solutions during the 3rd quarter worth about $1,187,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Trading Down 10.1%

NASDAQ:VIAV opened at $27.88 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32. Viavi Solutions Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $35.61. The stock’s 50-day moving average is $23.57 and its two-hundred day moving average is $17.82. The stock has a market cap of $6.45 billion, a PE ratio of -154.88 and a beta of 0.92.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $369.30 million for the quarter, compared to the consensus estimate of $365.25 million. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The firm’s quarterly revenue was up 36.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, equities research analysts forecast that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Kevin Christopher Siebert sold 24,225 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $18.26, for a total value of $442,348.50. Following the transaction, the senior vice president directly owned 49,225 shares of the company’s stock, valued at approximately $898,848.50. This represents a 32.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Gary W. Staley sold 24,237 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $23.93, for a total value of $579,991.41. Following the sale, the senior vice president owned 136,267 shares of the company’s stock, valued at approximately $3,260,869.31. This represents a 15.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 516,765 shares of company stock worth $13,306,119. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Needham & Company LLC upped their price objective on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. B. Riley Financial boosted their price target on shares of Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 26th. Wall Street Zen downgraded shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. Rosenblatt Securities set a $27.00 price objective on shares of Viavi Solutions in a research report on Thursday, January 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

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.