AXQ Capital LP Has $413,000 Stock Position in Viavi Solutions Inc. $VIAV

AXQ Capital LP increased its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 169.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,558 shares of the communications equipment provider’s stock after buying an additional 20,495 shares during the period. AXQ Capital LP’s holdings in Viavi Solutions were worth $413,000 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. GAMMA Investing LLC lifted its position 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 acquiring an additional 825 shares during the last quarter. Covestor Ltd grew its position in shares of Viavi Solutions by 22.9% in the third 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 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 purchasing an additional 898 shares during the period. Vise Technologies Inc. acquired a new position in shares of Viavi Solutions during the 2nd quarter worth about $128,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Viavi Solutions by 12.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 10,835 shares of the communications equipment provider’s stock worth $136,000 after purchasing an additional 1,224 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Stock Performance

VIAV opened at $30.85 on Thursday. The stock has a market cap of $7.14 billion, a PE ratio of -171.38 and a beta of 0.96. 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 Inc. has a 1 year low of $8.10 and a 1 year high of $31.42. The stock’s 50 day simple moving average is $21.72 and its 200-day simple moving average is $16.81.

Viavi Solutions (NASDAQ:VIAV) last issued 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 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 period last year, the business earned $0.13 earnings per share. Viavi Solutions’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. Sell-side analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Susquehanna raised their target price on Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a report on Thursday, January 29th. Needham & Company LLC increased their price objective on Viavi Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viavi Solutions in a research report on Monday, December 29th. Argus upped their target price on shares of Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus increased their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.13.

Insider Activity

In related news, CEO Oleg Khaykin sold 42,767 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $27.50, for a total value of $1,176,092.50. Following the sale, the chief executive officer owned 1,592,854 shares of the company’s stock, valued at $43,803,485. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Gary W. Staley sold 24,237 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $23.93, for a total transaction of $579,991.41. Following the completion of the transaction, the senior vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 830,596 shares of company stock worth $18,646,027. Corporate insiders own 1.80% of the company’s stock.

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.