Allspring Global Investments Holdings LLC Acquires New Shares in Viavi Solutions Inc. $VIAV

Allspring Global Investments Holdings LLC purchased a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the first quarter, HoldingsChannel.com reports. The fund purchased 2,132,982 shares of the communications equipment provider’s stock, valued at approximately $75,294,000.

Several other large investors also recently modified their holdings of the company. WPG Advisers LLC raised its position in Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 380 shares during the period. State of Wyoming purchased a new stake in Viavi Solutions during the 4th quarter valued at approximately $34,000. Johnson Financial Group Inc. bought a new stake in Viavi Solutions in the 3rd quarter valued at $44,000. Cedar Mountain Advisors LLC purchased a new stake in Viavi Solutions in the 1st quarter worth $50,000. Finally, Hantz Financial Services Inc. grew its position in shares of Viavi Solutions by 86.2% during the fourth quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock valued at $51,000 after purchasing an additional 1,317 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

Insider Buying and Selling at Viavi Solutions

In related news, SVP Kevin Christopher Siebert sold 8,255 shares of Viavi Solutions stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $54.02, for a total value of $445,935.10. Following the sale, the senior vice president directly owned 20,129 shares in the company, valued at approximately $1,087,368.58. The trade was a 29.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Doug Gilstrap sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the sale, the director owned 55,766 shares of the company’s stock, valued at approximately $3,067,130. This trade represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 450,369 shares of company stock valued at $23,789,119. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Stock Up 3.3%

VIAV stock opened at $38.16 on Friday. The firm’s fifty day simple moving average is $47.90 and its 200-day simple moving average is $36.80. The company has a market capitalization of $8.93 billion, a P/E ratio of -158.99 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. Viavi Solutions Inc. has a 12 month low of $9.61 and a 12 month high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The business’s revenue was up 42.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, equities research analysts forecast that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

VIAV has been the subject of several research analyst reports. Wall Street Zen upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Susquehanna boosted their price objective on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research note on Wednesday, July 1st. Weiss Ratings downgraded shares of Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. UBS Group boosted their price objective on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, B. Riley Financial increased their price objective on Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.88.

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.