Cookson Peirce & Co. Inc. Takes Position in Viavi Solutions Inc. $VIAV

Cookson Peirce & Co. Inc. purchased a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 93,533 shares of the communications equipment provider’s stock, valued at approximately $1,187,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Viavi Solutions by 33.6% during the 3rd 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. Covestor Ltd boosted its holdings in shares of Viavi Solutions by 22.9% during the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 676 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Viavi Solutions by 32.0% during the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after acquiring an additional 898 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of Viavi Solutions in the 2nd quarter worth about $128,000. Finally, Smartleaf Asset Management LLC lifted its position in Viavi Solutions by 12.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 10,835 shares of the communications equipment provider’s stock valued at $136,000 after purchasing an additional 1,224 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Rosenblatt Securities set a $27.00 price target on shares of Viavi Solutions in a research note on Thursday, January 29th. Wall Street Zen cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 18th. UBS Group lifted their target price on Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Argus boosted their price target on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.13.

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV opened at $26.29 on Friday. Viavi Solutions Inc. has a 1 year low of $8.10 and a 1 year high of $28.15. The firm has a market cap of $6.08 billion, a P/E ratio of -146.05 and a beta of 0.96. The stock has a fifty day moving average price of $20.25 and a two-hundred day moving average price of $15.80. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.32 and a current ratio of 2.61.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data 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 company had revenue of $369.30 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. Research analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, CEO Oleg Khaykin sold 85,836 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $17.63, for a total value of $1,513,288.68. Following the transaction, the chief executive officer owned 2,025,005 shares of the company’s stock, valued at approximately $35,700,838.15. This represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the senior vice president owned 136,267 shares of the company’s stock, valued at $3,260,869.31. This trade represents a 15.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 816,478 shares of company stock worth $18,252,526. 1.80% of the stock is currently owned by company insiders.

Viavi Solutions Company 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.