Aristeia Capital L.L.C. Has $704,000 Position in Viavi Solutions Inc. $VIAV

Aristeia Capital L.L.C. increased its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 44.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,498 shares of the communications equipment provider’s stock after acquiring an additional 12,209 shares during the quarter. Aristeia Capital L.L.C.’s holdings in Viavi Solutions were worth $704,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of Viavi Solutions by 11.5% during the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after buying an additional 18,910 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Viavi Solutions by 110.5% during the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after acquiring an additional 17,673 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Viavi Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock worth $1,467,000 after buying an additional 5,775 shares during the last quarter. Millennium Management LLC increased its holdings in Viavi Solutions by 205.4% in the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock worth $5,335,000 after acquiring an additional 320,662 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Viavi Solutions during the 1st quarter valued at approximately $165,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Analyst Upgrades and Downgrades

VIAV has been the subject of a number of analyst reports. B. Riley Financial raised their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Needham & Company LLC lifted their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a report on Wednesday, June 10th. Finally, Susquehanna lifted their price target on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $42.75.

Viavi Solutions Trading Down 2.7%

Viavi Solutions stock opened at $48.73 on Thursday. The firm has a market capitalization of $11.40 billion, a price-to-earnings ratio of -203.03 and a beta of 1.18. Viavi Solutions Inc. has a 12-month low of $9.18 and a 12-month high of $60.43. The firm has a 50 day moving average of $48.23 and a 200 day moving average of $32.85. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99.

Viavi Solutions (NASDAQ:VIAV) last posted 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. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The business had revenue of $406.80 million during the quarter, compared to the consensus estimate of $393.80 million. During the same period in the prior year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 42.8% compared to the same quarter last year. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, research analysts predict that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Insider Activity at Viavi Solutions

In related news, EVP Paul Mcnab sold 2,727 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $54.96, for a total value of $149,875.92. Following the sale, the executive vice president directly owned 15,471 shares of the company’s stock, valued at $850,286.16. This represents a 14.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Oleg Khaykin sold 136,547 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $51.82, for a total value of $7,075,865.54. Following the completion of the sale, the chief executive officer owned 1,188,798 shares of the company’s stock, valued at $61,603,512.36. This represents a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 450,369 shares of company stock worth $23,789,119 in the last three months. 1.80% of the stock is owned by insiders.

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.