31,971 Shares in Viavi Solutions Inc. $VIAV Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 31,971 shares of the communications equipment provider’s stock, valued at approximately $406,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VIAV. Aberdeen Group plc purchased a new stake in shares of Viavi Solutions during the 3rd quarter valued at about $20,110,000. Schroder Investment Management Group boosted its holdings in shares of Viavi Solutions by 16.6% in the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock worth $82,709,000 after buying an additional 1,166,547 shares during the last quarter. Tributary Capital Management LLC grew its position in Viavi Solutions by 92.9% during the third quarter. Tributary Capital Management LLC now owns 2,207,642 shares of the communications equipment provider’s stock valued at $28,015,000 after buying an additional 1,063,330 shares during the period. Balyasny Asset Management L.P. increased its holdings in Viavi Solutions by 1,658.2% during the second quarter. Balyasny Asset Management L.P. now owns 889,877 shares of the communications equipment provider’s stock valued at $8,961,000 after buying an additional 839,265 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in Viavi Solutions during the second quarter valued at approximately $7,764,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Trading Up 5.9%

Shares of NASDAQ VIAV opened at $30.85 on Thursday. Viavi Solutions Inc. has a 1-year low of $8.10 and a 1-year high of $31.42. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32. The business’s 50 day moving average is $21.72 and its two-hundred day moving average is $16.81. The stock has a market capitalization of $7.14 billion, a P/E ratio of -171.38 and a beta of 0.96.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VIAV. B. Riley Financial lifted their price target on shares of Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 26th. Wall Street Zen cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 18th. Argus increased their price target on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. UBS Group boosted their price objective on Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Finally, Stifel Nicolaus increased their target price on Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.13.

Insiders Place Their Bets

In related news, EVP Ilan Daskal sold 170,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $17.49, for a total transaction of $2,973,300.00. Following the completion of the sale, the executive vice president directly owned 10,132 shares of the company’s stock, valued at approximately $177,208.68. This trade represents a 94.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gary W. Staley sold 24,237 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $23.93, for a total value of $579,991.41. Following the completion of the transaction, the senior vice president directly owned 136,267 shares in the company, valued at $3,260,869.31. This trade represents a 15.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 830,596 shares of company stock worth $18,646,027 over the last three months. 1.80% of the stock is currently owned by corporate insiders.

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.