Phocas Financial Corp. Invests $3.77 Million in Viavi Solutions Inc. $VIAV

Phocas Financial Corp. bought a new position in Viavi Solutions Inc. (NASDAQ:VIAV) during the 4th quarter, Holdings Channel reports. The institutional investor bought 211,672 shares of the communications equipment provider’s stock, valued at approximately $3,772,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VIAV. Capital World Investors increased its stake in Viavi Solutions by 3.5% during the third quarter. Capital World Investors now owns 14,955,454 shares of the communications equipment provider’s stock worth $189,785,000 after acquiring an additional 500,000 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Viavi Solutions by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock worth $86,875,000 after purchasing an additional 231,570 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Viavi Solutions by 431.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock valued at $84,258,000 after purchasing an additional 5,389,435 shares in the last quarter. Tributary Capital Management LLC grew its holdings in shares of Viavi Solutions by 92.9% during the 3rd quarter. Tributary Capital Management LLC now owns 2,207,642 shares of the communications equipment provider’s stock worth $28,015,000 after purchasing an additional 1,063,330 shares during the period. Finally, Westerly Capital Management LLC grew its holdings in shares of Viavi Solutions by 12.7% during the 2nd quarter. Westerly Capital Management LLC now owns 2,175,000 shares of the communications equipment provider’s stock worth $21,902,000 after purchasing an additional 245,000 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Price Performance

VIAV stock opened at $36.89 on Monday. The firm has a market cap of $8.54 billion, a P/E ratio of -204.93 and a beta of 0.85. 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 1 year low of $8.10 and a 1 year high of $38.08. The stock has a 50-day simple moving average of $29.44 and a 200-day simple moving average of $20.88.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly 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. The firm 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%.Viavi Solutions’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, equities analysts predict that Viavi Solutions Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VIAV shares. Stifel Nicolaus raised 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. Needham & Company LLC boosted their price objective on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a research report on Monday, December 29th. Rosenblatt Securities raised their target price on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Finally, Susquehanna lifted their target price 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. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $25.00.

Insiders Place Their Bets

In related news, SVP Gary W. Staley sold 24,237 shares of the firm’s 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Oleg Khaykin sold 74,315 shares of Viavi Solutions stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total transaction of $1,967,861.20. Following the sale, the chief executive officer directly owned 1,849,437 shares in the company, valued at $48,973,091.76. This trade represents a 3.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 485,772 shares of company stock worth $12,736,803. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions 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.