Jefferies Financial Group Inc. Makes New Investment in Viavi Solutions Inc. $VIAV

Jefferies Financial Group Inc. acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,496 shares of the communications equipment provider’s stock, valued at approximately $1,026,000.

Several other hedge funds also recently made changes to their positions in VIAV. Public Employees Retirement System of Ohio acquired a new position in shares of Viavi Solutions in the 2nd quarter worth approximately $3,491,000. Ma Investment Partnership LP acquired a new stake in Viavi Solutions during the second quarter valued at approximately $23,875,000. Corient Private Wealth LP bought a new stake in Viavi Solutions during the second quarter worth approximately $268,000. Bank of America Corp DE bought a new stake in Viavi Solutions during the second quarter worth approximately $134,922,000. Finally, Man Group plc bought a new position in shares of Viavi Solutions in the second quarter valued at $9,245,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Insider Transactions at Viavi Solutions

In related news, Director Laura A. Black sold 71,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the transaction, the director owned 71,497 shares of the company’s stock, valued at approximately $3,297,441.64. The trade was a 49.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 value of $59,605.15. Following the sale, the executive vice president owned 13,876 shares of the company’s stock, valued at approximately $518,546.12. The trade was a 10.31% decrease in their position. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by corporate insiders.

Viavi Solutions Stock Performance

Viavi Solutions stock opened at $36.54 on Monday. The company’s fifty day moving average price is $41.22 and its two-hundred day moving average price is $40.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. Viavi Solutions Inc. has a one year low of $11.09 and a one year high of $60.43. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of -243.58 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last posted its 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 firm had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. During the same period in the previous year, the company earned $0.13 EPS. The company’s revenue for the quarter 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 forecast that Viavi Solutions Inc. will post 1.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on VIAV. UBS Group cut their price objective on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a research report on Wednesday, August 19th. Stifel Nicolaus upped their target price on Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 25th. Finally, Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Viavi Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $49.88.

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.