Leonteq Securities AG Invests $666,000 in Viavi Solutions Inc. $VIAV

Leonteq Securities AG bought a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,000 shares of the communications equipment provider’s stock, valued at approximately $666,000.

Other hedge funds have also recently made changes to their positions in the company. Strs Ohio lifted its holdings in shares of Viavi Solutions by 460.7% during the first quarter. Strs Ohio now owns 49,900 shares of the communications equipment provider’s stock worth $1,661,000 after purchasing an additional 41,000 shares during the period. Keybank National Association OH raised its holdings in shares of Viavi Solutions by 6.1% during the first quarter. Keybank National Association OH now owns 20,534 shares of the communications equipment provider’s stock valued at $683,000 after purchasing an additional 1,178 shares during the period. Peregrine Capital Management LLC acquired a new position in Viavi Solutions during the 1st quarter worth approximately $12,228,000. Harbor Investment Advisory LLC lifted its holdings in shares of Viavi Solutions by 19,921.4% in the 1st quarter. Harbor Investment Advisory LLC now owns 5,606 shares of the communications equipment provider’s stock worth $187,000 after purchasing an additional 5,578 shares in the last quarter. Finally, AMI Asset Management Corp bought a new position in shares of Viavi Solutions in the first quarter valued at $342,000. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $41.66 on Friday. The stock’s 50-day moving average price is $49.54 and its 200-day moving average price is $35.21. 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 Inc. has a 12-month low of $9.61 and a 12-month high of $60.43. The stock has a market capitalization of $9.74 billion, a P/E ratio of -173.58 and a beta of 1.18.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, beating 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 firm had revenue of $406.80 million during the quarter, compared to the consensus estimate of $393.80 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The business’s revenue was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, equities analysts anticipate that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VIAV has been the topic of several analyst reports. Susquehanna lifted their target price on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 target price on shares of Viavi Solutions in a research note on Wednesday, June 10th. UBS Group increased their price target on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.88.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, CEO Oleg Khaykin sold 136,547 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Luke M. Scrivanich sold 10,693 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total value of $566,729.00. Following the transaction, the senior vice president owned 39,287 shares of the company’s stock, valued at approximately $2,082,211. This represents a 21.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 450,369 shares of company stock worth $23,789,119 over the last 90 days. 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.