Prospera Financial Services Inc Invests $258,000 in Viavi Solutions Inc. $VIAV

Prospera Financial Services Inc purchased a new position in Viavi Solutions Inc. (NASDAQ:VIAV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,310 shares of the communications equipment provider’s stock, valued at approximately $258,000.

A number of other hedge funds have also recently bought and sold shares of the business. Covestor Ltd raised its position in shares of Viavi Solutions by 22.9% in the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 676 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Viavi Solutions by 33.6% in the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after buying an additional 825 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Viavi Solutions by 32.0% in the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after buying an additional 898 shares during the last quarter. Amalgamated Bank boosted its stake in Viavi Solutions by 1.8% during the 3rd quarter. Amalgamated Bank now owns 64,746 shares of the communications equipment provider’s stock valued at $822,000 after acquiring an additional 1,165 shares during the last quarter. Finally, White Pine Capital LLC grew its holdings in Viavi Solutions by 1.6% during the 2nd quarter. White Pine Capital LLC now owns 76,929 shares of the communications equipment provider’s stock worth $775,000 after acquiring an additional 1,215 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Insiders Place Their Bets

In other Viavi Solutions news, EVP Ilan Daskal sold 170,000 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $17.49, for a total transaction of $2,973,300.00. Following the sale, the executive vice president directly owned 10,132 shares in the company, valued at approximately $177,208.68. The trade was a 94.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Oleg Khaykin sold 85,836 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $17.63, for a total transaction of $1,513,288.68. Following the completion of the transaction, the chief executive officer owned 2,025,005 shares of the company’s stock, valued at $35,700,838.15. This trade represents a 4.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 816,478 shares of company stock worth $18,252,526. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Susquehanna upped their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. UBS Group boosted their price objective on Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Wall Street Zen downgraded Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 18th. Rosenblatt Securities set a $27.00 target price on Viavi Solutions in a research report on Thursday, January 29th. Finally, Needham & Company LLC upped their price target on Viavi Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.13.

Viavi Solutions Trading Up 0.0%

Shares of NASDAQ:VIAV opened at $26.30 on Wednesday. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46. The company’s 50-day moving average price is $20.55 and its 200 day moving average price is $16.11. The company has a market cap of $6.09 billion, a PE ratio of -146.10 and a beta of 0.96. Viavi Solutions Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $28.15.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $369.30 million for the quarter, compared to analyst estimates of $365.25 million. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. Viavi Solutions’s revenue was up 36.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 earnings per share. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. Sell-side analysts anticipate that Viavi Solutions Inc. will post 0.26 earnings per share for the current year.

About Viavi Solutions

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.