Bank of New York Mellon Corp Lowers Stake in Viavi Solutions Inc. $VIAV

Bank of New York Mellon Corp lessened its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 15.5% in the 1st quarter, Holdings Channel reports. The firm owned 1,830,249 shares of the communications equipment provider’s stock after selling 336,935 shares during the period. Bank of New York Mellon Corp’s holdings in Viavi Solutions were worth $60,911,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC lifted its stake in Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 380 shares in the last quarter. State of Wyoming acquired a new stake in shares of Viavi Solutions in the fourth quarter valued at $34,000. Johnson Financial Group Inc. purchased a new stake in shares of Viavi Solutions in the 3rd quarter valued at $44,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Viavi Solutions in the 1st quarter valued at $50,000. Finally, Hantz Financial Services Inc. lifted its stake in Viavi Solutions by 86.2% during the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock worth $51,000 after acquiring an additional 1,317 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. B. Riley Financial boosted their price target on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Susquehanna increased their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research report on Wednesday, July 1st. UBS Group lifted their price objective on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 16th. Six equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.88.

Insider Activity

In related news, EVP Paul Mcnab sold 2,727 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $54.96, for a total transaction of $149,875.92. Following the sale, the executive vice president directly owned 15,471 shares in the company, valued at approximately $850,286.16. This represents a 14.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Doug Gilstrap sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total transaction of $550,000.00. Following the completion of the sale, the director directly owned 55,766 shares in the company, valued at approximately $3,067,130. This trade represents a 15.21% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 450,369 shares of company stock valued at $23,789,119. 1.80% of the stock is owned by corporate insiders.

Viavi Solutions Trading Down 1.8%

VIAV opened at $42.25 on Thursday. Viavi Solutions Inc. has a 12 month low of $9.61 and a 12 month high of $60.43. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of -176.03 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39. The business has a fifty day moving average price of $47.16 and a 200 day moving average price of $37.43.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $406.80 million for the quarter, compared to the consensus estimate of $393.80 million. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.Viavi Solutions’s revenue was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Sell-side analysts expect that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.

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.