Geode Capital Management LLC Raises Position in Viavi Solutions Inc. $VIAV

Geode Capital Management LLC raised its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,351,211 shares of the communications equipment provider’s stock after acquiring an additional 20,776 shares during the quarter. Geode Capital Management LLC owned approximately 2.31% of Viavi Solutions worth $95,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of VIAV. Lido Advisors LLC raised its holdings in Viavi Solutions by 3.0% in the 3rd quarter. Lido Advisors LLC now owns 24,082 shares of the communications equipment provider’s stock worth $306,000 after purchasing an additional 697 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Viavi Solutions by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock valued at $910,000 after purchasing an additional 800 shares during the period. GAMMA Investing LLC raised its stake in shares of Viavi Solutions by 25.8% in the fourth quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock worth $73,000 after buying an additional 845 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Viavi Solutions by 12.7% in the third quarter. Smartleaf Asset Management LLC now owns 10,835 shares of the communications equipment provider’s stock worth $136,000 after buying an additional 1,224 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Viavi Solutions by 1.9% in the third quarter. Arizona State Retirement System now owns 66,058 shares of the communications equipment provider’s stock worth $838,000 after buying an additional 1,263 shares during the period. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, Director Doug Gilstrap sold 10,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director owned 55,766 shares of the company’s stock, valued at $3,067,130. This represents a 15.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Mcnab sold 2,727 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $54.96, for a total value of $149,875.92. Following the transaction, the executive vice president owned 15,471 shares of the company’s stock, valued at approximately $850,286.16. The trade was a 14.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 450,369 shares of company stock valued at $23,789,119 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings upgraded Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Needham & Company LLC raised their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Rosenblatt Securities upped their price target on shares of Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. UBS Group upped their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, B. Riley Financial raised their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $39.25.

Viavi Solutions Stock Down 10.6%

NASDAQ VIAV opened at $47.56 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. Viavi Solutions Inc. has a 12 month low of $9.08 and a 12 month high of $60.43. The stock’s 50 day moving average is $45.84 and its 200 day moving average is $30.89. The stock has a market cap of $11.12 billion, a PE ratio of -198.16 and a beta of 1.18.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The business had revenue of $406.80 million during the quarter, compared to analyst estimates of $393.80 million. During the same period last year, the firm posted $0.15 EPS. The company’s revenue was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Research analysts predict that Viavi Solutions Inc. will post 0.73 EPS for the current fiscal year.

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.