Bridgefront Capital LLC Takes Position in Viavi Solutions Inc. $VIAV

Bridgefront Capital LLC acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 61,437 shares of the communications equipment provider’s stock, valued at approximately $780,000.

Other institutional investors have also bought and sold shares of the company. Boothbay Fund Management LLC increased its stake in Viavi Solutions by 352.4% during the 3rd quarter. Boothbay Fund Management LLC now owns 184,980 shares of the communications equipment provider’s stock valued at $2,347,000 after buying an additional 144,090 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Viavi Solutions in the 3rd quarter worth approximately $1,542,000. Alliancebernstein L.P. lifted its stake in shares of Viavi Solutions by 1.4% in the 3rd quarter. Alliancebernstein L.P. now owns 266,371 shares of the communications equipment provider’s stock worth $3,380,000 after acquiring an additional 3,580 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of Viavi Solutions in the third quarter valued at approximately $2,832,000. Finally, Creative Planning boosted its holdings in shares of Viavi Solutions by 36.0% in the third quarter. Creative Planning now owns 184,371 shares of the communications equipment provider’s stock valued at $2,340,000 after acquiring an additional 48,814 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stifel Nicolaus boosted their target price on Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Rosenblatt Securities set a $27.00 price target on Viavi Solutions in a research note on Thursday, January 29th. Susquehanna lifted their price target on Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. Wall Street Zen downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, B. Riley Financial upped their price objective on Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 26th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Insider Activity at Viavi Solutions

In related news, EVP Paul Mcnab sold 3,551 shares of Viavi Solutions stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $32.89, for a total value of $116,792.39. Following the transaction, the executive vice president directly owned 18,198 shares in the company, valued at $598,532.22. The trade was a 16.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Oleg Khaykin sold 42,767 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $27.50, for a total value of $1,176,092.50. Following the sale, the chief executive officer directly owned 1,592,854 shares in the company, valued at $43,803,485. This trade represents a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 485,772 shares of company stock worth $12,736,803. 1.80% of the stock is owned by corporate insiders.

Viavi Solutions Stock Performance

Shares of VIAV opened at $29.97 on Monday. 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 firm’s 50 day moving average is $24.75 and its 200-day moving average is $18.53. Viavi Solutions Inc. has a 12-month low of $8.10 and a 12-month high of $35.61. The stock has a market capitalization of $6.93 billion, a P/E ratio of -166.49 and a beta of 0.91.

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

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.