Harbour Capital Advisors LLC Invests $576,000 in Viavi Solutions Inc. $VIAV

Harbour Capital Advisors LLC purchased a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,720 shares of the communications equipment provider’s stock, valued at approximately $576,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VIAV. GAMMA Investing LLC increased its stake in Viavi Solutions by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after buying an additional 825 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Viavi Solutions during the third quarter valued at approximately $44,000. Covestor Ltd lifted its position in shares of Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 676 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Viavi Solutions by 32.0% in the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after acquiring an additional 898 shares during the last quarter. Finally, Swiss Life Asset Management Ltd acquired a new stake in shares of Viavi Solutions in the third quarter worth approximately $133,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Susquehanna increased their price objective on Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Stifel Nicolaus lifted their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Rosenblatt Securities upped their target price on shares of Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday. Wall Street Zen cut shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Needham & Company LLC raised their price target 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. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Viavi Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

View Our Latest Research Report on VIAV

Viavi Solutions Price Performance

NASDAQ:VIAV opened at $31.44 on Friday. Viavi Solutions Inc. has a one year low of $8.10 and a one year high of $35.61. The stock has a market cap of $7.27 billion, a PE ratio of -174.63 and a beta of 0.92. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.32 and a current ratio of 2.61. The stock has a 50 day moving average price of $26.16 and a 200 day moving average price of $19.15.

Viavi Solutions (NASDAQ:VIAV – Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The company 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%.The firm’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. Equities research analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Insider Activity

In other news, SVP Gary W. Staley sold 24,237 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $23.93, for a total transaction of $579,991.41. Following the transaction, the senior vice president owned 136,267 shares of the company’s stock, valued at approximately $3,260,869.31. The trade was a 15.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Oleg Khaykin sold 74,315 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $26.48, for a total transaction of $1,967,861.20. Following the completion of the sale, the chief executive officer directly owned 1,849,437 shares of the company’s stock, valued at $48,973,091.76. This represents a 3.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In 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 Company Profile

(Free Report)

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.

Featured Articles

• Five stocks we like better than Viavi Solutions

Want to see what other hedge funds are holding VIAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viavi Solutions Inc. (NASDAQ:VIAV – Free Report).