Commerce Bank Invests $873,000 in Viavi Solutions Inc. $VIAV

Commerce Bank acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,289 shares of the communications equipment provider’s stock, valued at approximately $873,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new position in Viavi Solutions in the second quarter valued at about $63,000. Quantbot Technologies LP acquired a new position in Viavi Solutions during the second quarter worth about $3,330,000. Landscape Capital Management L.L.C. bought a new position in shares of Viavi Solutions in the second quarter worth about $1,909,000. Heron Bay Capital Management bought a new position in shares of Viavi Solutions in the second quarter worth about $508,000. Finally, Allworth Financial LP acquired a new stake in shares of Viavi Solutions in the 2nd quarter valued at approximately $107,000. 95.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VIAV. B. Riley Financial decreased their price target 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. Wall Street Zen raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Weiss Ratings lowered shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a research note on Wednesday, August 19th. Finally, Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.88.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the transaction, the director directly owned 71,497 shares in the company, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul Mcnab sold 1,595 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 13,876 shares of the company’s stock, valued at $518,546.12. The trade was a 10.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is owned by company insiders.

Viavi Solutions Stock Performance

Shares of VIAV stock opened at $38.78 on Thursday. The business’s 50-day moving average price is $41.60 and its 200-day moving average price is $40.76. Viavi Solutions Inc. has a 12 month low of $11.09 and a 12 month high of $60.43. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of -258.52 and a beta of 1.21. 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 released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $432.62 million. During the same period in the previous year, the business posted $0.13 earnings per share. The business’s quarterly revenue 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. Equities research analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current year.

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.