Prospera Financial Services Inc Takes Position in Viavi Solutions Inc. $VIAV

Prospera Financial Services Inc bought a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the third quarter, HoldingsChannel reports. The institutional investor bought 20,310 shares of the communications equipment provider’s stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIAV. Schroder Investment Management Group boosted its position in shares of Viavi Solutions by 16.6% during the 2nd quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock valued at $82,709,000 after purchasing an additional 1,166,547 shares in the last quarter. Tributary Capital Management LLC lifted its stake in Viavi Solutions by 92.9% during the third quarter. Tributary Capital Management LLC now owns 2,207,642 shares of the communications equipment provider’s stock valued at $28,015,000 after purchasing an additional 1,063,330 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in Viavi Solutions by 1,658.2% during the second quarter. Balyasny Asset Management L.P. now owns 889,877 shares of the communications equipment provider’s stock worth $8,961,000 after buying an additional 839,265 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Viavi Solutions in the second quarter worth approximately $7,764,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Viavi Solutions by 104.4% in the second quarter. Qube Research & Technologies Ltd now owns 1,368,397 shares of the communications equipment provider’s stock valued at $13,780,000 after buying an additional 698,767 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors.

Insider Activity at Viavi Solutions

In related news, CEO Oleg Khaykin sold 20,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $27.51, for a total transaction of $550,200.00. Following the transaction, the chief executive officer owned 20,238 shares of the company’s stock, valued at approximately $556,747.38. The trade was a 49.70% decrease in their ownership of the stock. The sale 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 on Thursday, February 5th. The shares were sold at an average price of $23.93, for a total transaction 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 approximately $3,260,869.31. This trade represents a 15.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 816,478 shares of company stock valued at $18,252,526 over the last three months. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on VIAV. Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Stifel Nicolaus increased their price target on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. UBS Group lifted their price target on Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Argus upped their price objective 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, Susquehanna lifted their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.13.

Viavi Solutions Stock Up 0.0%

VIAV stock opened at $26.30 on Wednesday. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of -146.10 and a beta of 0.96. The company has a 50-day moving average of $20.55 and a two-hundred day moving average of $16.11. Viavi Solutions Inc. has a 52-week low of $8.10 and a 52-week high of $28.15. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32.

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, topping the consensus estimate of $0.19 by $0.03. The business had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.25 million. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The firm’s revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, equities research analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current year.

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.