Viavi Solutions Inc. $VIAV Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 90.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,000 shares of the communications equipment provider’s stock after selling 1,015,588 shares during the quarter. Renaissance Technologies LLC’s holdings in Viavi Solutions were worth $3,661,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Capital World Investors boosted its position in shares of Viavi Solutions by 4.4% during the 4th quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock valued at $278,356,000 after acquiring an additional 664,956 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Viavi Solutions by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock worth $86,875,000 after purchasing an additional 231,570 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Viavi Solutions by 0.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock worth $118,915,000 after purchasing an additional 33,463 shares during the last quarter. Geode Capital Management LLC raised its stake in Viavi Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock worth $95,373,000 after purchasing an additional 20,776 shares during the period. Finally, Invesco Ltd. raised its stake 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 worth $67,886,000 after purchasing an additional 2,045,702 shares during the period. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Analyst Upgrades and Downgrades

VIAV has been the subject of several analyst reports. Stifel Nicolaus increased their price target on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC decreased their price objective on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research report on Thursday. Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, UBS Group reduced their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.88.

Viavi Solutions Trading Down 3.6%

Shares of VIAV stock opened at $39.14 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.39 and a current ratio of 1.85. The stock has a market capitalization of $9.16 billion, a P/E ratio of -260.92 and a beta of 1.21. The company has a 50 day moving average price of $44.19 and a 200 day moving average price of $38.96. Viavi Solutions Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $432.62 million. During the same period in the prior year, the business earned $0.13 EPS. The firm’s quarterly 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. Equities research analysts predict that Viavi Solutions Inc. will post 1.02 EPS for the current fiscal year.

Key Headlines Impacting Viavi Solutions

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: Viavi reported fiscal fourth-quarter adjusted earnings of $0.34 per share, above the $0.30 consensus estimate, while revenue reached $443.1 million—also ahead of expectations and up 52.5% year over year. Viavi Solutions Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Management issued fiscal first-quarter 2027 EPS guidance of $0.40 to $0.42 and is targeting a $500 million quarterly revenue run rate in calendar 2027. Growth is being supported by data-center, aerospace-and-defense demand and contributions from the Spirent portfolio. Viavi Anticipates Q1 FY2027 EPS and $500 Million Quarter
• Positive Sentiment: The earnings call highlighted expanding test opportunities tied to 1.6-terabit networking, co-packaged optics and optical switching, potentially strengthening Viavi’s exposure to AI-related data-center infrastructure. VIAVI Q4 Earnings Call Signals Data Center Strength
• Neutral Sentiment: Analyst sentiment remains broadly constructive, with buy ratings and targets of $60 from Needham and B. Riley, $65 from Stifel and $70 from Rosenblatt, implying substantial potential upside from recent trading levels.
• Negative Sentiment: UBS lowered its target from $60 to $44 and assigned a neutral rating. Other firms also reduced their targets, suggesting concerns that the strong earnings outlook may already be reflected in the valuation. Analyst Price Target Updates
• Negative Sentiment: A valuation-focused assessment following the earnings beat may be contributing to selling pressure, particularly as Viavi continues to report a negative net margin and carries a high earnings multiple based on current results. Viavi Solutions Following Earnings Beat and Guidance

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.