Madison Asset Management LLC Buys Shares of 64,137 Viavi Solutions Inc. $VIAV

Madison Asset Management LLC bought a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 64,137 shares of the communications equipment provider’s stock, valued at approximately $3,063,000.

Other institutional investors also recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in Viavi Solutions during the 4th quarter worth $1,803,000. Jackson Creek Investment Advisors LLC acquired a new position in Viavi Solutions in the 4th quarter worth about $1,887,000. Tensor Edge Capital LLC bought a new position in Viavi Solutions in the fourth quarter valued at about $2,673,000. Intech Investment Management LLC raised its position in Viavi Solutions by 29.1% in the fourth quarter. Intech Investment Management LLC now owns 109,258 shares of the communications equipment provider’s stock valued at $1,947,000 after purchasing an additional 24,638 shares during the last quarter. Finally, Granahan Investment Management LLC acquired a new stake in shares of Viavi Solutions during the first quarter valued at about $3,187,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Stock Down 0.5%

Shares of VIAV opened at $38.56 on Friday. The company has a market capitalization of $9.51 billion, a PE ratio of -257.05 and a beta of 1.21. Viavi Solutions Inc. has a 12 month low of $10.49 and a 12 month high of $60.43. The stock’s 50-day moving average price is $42.68 and its two-hundred day moving average price is $40.40. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results 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 positive return on equity of 19.60% and a negative net margin of 2.00%.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 firm posted $0.13 earnings per share. The business’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. On average, analysts anticipate that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Needham & Company LLC dropped their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. B. Riley Financial reduced their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. UBS Group reduced their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Weiss Ratings cut shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.88.

Insider Activity at Viavi Solutions

In related news, Director Laura A. Black sold 71,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director directly owned 71,497 shares in the company, valued at $3,297,441.64. This represents a 49.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $37.37, for a total transaction of $59,605.15. Following the sale, the executive vice president directly owned 13,876 shares of the company’s stock, valued at $518,546.12. This represents a 10.31% decrease in their position. The SEC filing for this sale provides additional information. 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.