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

AXQ Capital LP raised its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 169.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,558 shares of the communications equipment provider’s stock after acquiring an additional 20,495 shares during the quarter. AXQ Capital LP’s holdings in Viavi Solutions were worth $413,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Aberdeen Group plc acquired a new stake in shares of Viavi Solutions during the 3rd quarter worth about $20,110,000. Schroder Investment Management Group grew its stake in Viavi Solutions by 16.6% during the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock worth $82,709,000 after buying an additional 1,166,547 shares during the last quarter. Tributary Capital Management LLC grew 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 worth $28,015,000 after buying an additional 1,063,330 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of 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. Finally, Penserra Capital Management LLC bought a new position in shares of Viavi Solutions in the second quarter valued at approximately $7,764,000. Institutional investors own 95.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. B. Riley Financial increased their price target on Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Stifel Nicolaus increased 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 target price on Viavi Solutions in a research note on Thursday, January 29th. Finally, UBS Group lifted their price target on Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.13.

Insider Buying and Selling at Viavi Solutions

In other news, CEO Oleg Khaykin sold 85,836 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $35,700,838.15. This trade represents a 4.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ilan Daskal sold 170,000 shares of Viavi Solutions stock in a transaction that occurred 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 represents a 94.38% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 830,596 shares of company stock valued at $18,646,027. 1.80% of the stock is currently owned by company insiders.

Viavi Solutions Stock Up 5.9%

Shares of VIAV opened at $30.85 on Thursday. The business’s fifty day moving average price is $21.72 and its two-hundred day moving average price is $16.81. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of -171.38 and a beta of 0.96. Viavi Solutions Inc. has a 52 week low of $8.10 and a 52 week high of $31.42. 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 issued its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $369.30 million for the quarter, compared to analyst estimates 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 for the quarter was up 36.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, analysts predict that Viavi Solutions Inc. will post 0.26 earnings per share 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.