CenterBook Partners LP Takes $1.12 Million Position in Viavi Solutions Inc. $VIAV

CenterBook Partners LP purchased a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 88,212 shares of the communications equipment provider’s stock, valued at approximately $1,119,000.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of 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 period. Covestor Ltd lifted its position in Viavi Solutions by 22.9% during the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after acquiring an additional 676 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings 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 period. Smartleaf Asset Management LLC grew its position in shares of Viavi Solutions by 12.7% in the third 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. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Viavi Solutions during the third quarter worth approximately $157,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VIAV. Stifel Nicolaus boosted their price target on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Needham & Company LLC raised their price target on shares of Viavi Solutions from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Susquehanna boosted their price objective on shares of Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Finally, B. Riley Financial increased their target price on shares of Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.13.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $27.53 on Friday. 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 Inc. has a 52 week low of $8.10 and a 52 week high of $28.15. The firm has a market cap of $6.37 billion, a PE ratio of -152.94 and a beta of 0.96. The firm’s fifty day moving average is $21.02 and its 200-day moving average is $16.37.

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

Insider Activity

In other news, CEO Oleg Khaykin sold 85,836 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were 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 in the company, valued at approximately $35,700,838.15. The trade was a 4.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ilan Daskal sold 170,000 shares of the stock in a transaction 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 sale, the executive vice president owned 10,132 shares of the company’s stock, valued at approximately $177,208.68. This trade represents a 94.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 832,253 shares of company stock worth $18,676,085 in the last 90 days. 1.80% of the stock is owned by company insiders.

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.