TimesSquare Capital Management LLC Takes Position in Viavi Solutions Inc. $VIAV

TimesSquare Capital Management LLC acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 102,561 shares of the communications equipment provider’s stock, valued at approximately $4,897,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VIAV. Royal Bank of Canada grew its holdings in shares of Viavi Solutions by 11.5% during the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock worth $2,051,000 after purchasing an additional 18,910 shares during the last quarter. AQR Capital Management LLC raised its holdings in Viavi Solutions by 110.5% in the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after buying an additional 17,673 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Viavi Solutions by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock worth $1,467,000 after buying an additional 5,775 shares during the period. Millennium Management LLC boosted its position in Viavi Solutions by 205.4% during the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock worth $5,335,000 after buying an additional 320,662 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Viavi Solutions during the first quarter valued at $165,000. Institutional investors own 95.54% of the company’s stock.

Insider Buying and Selling at Viavi Solutions

In related news, EVP Paul Mcnab sold 1,595 shares of the firm’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 transaction, the executive vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on VIAV. Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research note on Thursday, August 6th. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Weiss Ratings lowered Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Finally, 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 note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $49.88.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock opened at $46.26 on Tuesday. The business has a 50-day moving average price of $43.18 and a two-hundred day moving average price of $40.05. Viavi Solutions Inc. has a 1-year low of $10.44 and a 1-year high of $60.43. 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 company has a market cap of $10.82 billion, a P/E ratio of -308.38 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating 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 in the previous year, the business posted $0.13 EPS. Viavi Solutions’s revenue for the quarter was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, analysts anticipate 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.