Fisher Asset Management LLC Purchases 58,364 Shares of Viavi Solutions Inc. $VIAV

Fisher Asset Management LLC increased its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 14.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 469,354 shares of the communications equipment provider’s stock after buying an additional 58,364 shares during the period. Fisher Asset Management LLC owned 0.21% of Viavi Solutions worth $5,956,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Viavi Solutions during the 3rd quarter worth about $2,894,000. Choreo LLC boosted its position in shares of Viavi Solutions by 14.6% during the 3rd quarter. Choreo LLC now owns 15,714 shares of the communications equipment provider’s stock valued at $199,000 after purchasing an additional 2,000 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Viavi Solutions during the third quarter worth approximately $662,000. Counterpoint Mutual Funds LLC bought a new stake in Viavi Solutions in the third quarter worth approximately $406,000. Finally, AXQ Capital LP boosted its holdings in shares of Viavi Solutions by 169.9% during the 3rd quarter. AXQ Capital LP now owns 32,558 shares of the communications equipment provider’s stock worth $413,000 after buying an additional 20,495 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Insider Activity

In related news, CEO Oleg Khaykin sold 74,315 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total transaction of $1,967,861.20. Following the transaction, the chief executive officer owned 1,849,437 shares of the company’s stock, valued at $48,973,091.76. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Gary W. Staley sold 24,237 shares of the 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 sale, the senior vice president directly owned 136,267 shares of the company’s stock, valued at $3,260,869.31. The trade was a 15.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 516,765 shares of company stock worth $13,306,119 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Viavi Solutions Stock Performance

VIAV opened at $31.00 on Friday. Viavi Solutions Inc. has a 1-year low of $8.10 and a 1-year high of $35.61. The company has a market cap of $7.17 billion, a price-to-earnings ratio of -172.21 and a beta of 0.92. The company’s fifty day moving average price is $23.38 and its two-hundred day moving average price is $17.65. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VIAV. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Susquehanna lifted their price target 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. Wall Street Zen lowered shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 18th. Rosenblatt Securities set a $27.00 price objective on shares of Viavi Solutions in a research report on Thursday, January 29th. Finally, B. Riley Financial boosted their target price on Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Viavi Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $23.13.

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.