Viavi Solutions Inc. (NASDAQ:VIAV) Shares Bought by Kovack Advisors Inc.

Kovack Advisors Inc. increased its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 33.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,200 shares of the communications equipment provider’s stock after acquiring an additional 51,800 shares during the quarter. Kovack Advisors Inc.’s holdings in Viavi Solutions were worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in Viavi Solutions in the 3rd quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in shares of Viavi Solutions during the second quarter valued at about $38,000. Headlands Technologies LLC purchased a new stake in shares of Viavi Solutions in the 1st quarter valued at approximately $55,000. Quarry LP lifted its holdings in shares of Viavi Solutions by 419.7% in the 2nd quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock worth $50,000 after acquiring an additional 5,838 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Viavi Solutions during the 2nd quarter worth approximately $52,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VIAV. Stifel Nicolaus decreased their price target on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Friday, November 1st. B. Riley cut their target price on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Rosenblatt Securities raised their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Viavi Solutions has an average rating of “Moderate Buy” and an average price target of $10.42.

Insider Buying and Selling at Viavi Solutions

In other news, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $8.17, for a total value of $245,100.00. Following the completion of the sale, the director now owns 243,514 shares in the company, valued at approximately $1,989,509.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 8,432 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $8.63, for a total value of $72,768.16. Following the completion of the transaction, the senior vice president now owns 56,617 shares in the company, valued at approximately $488,604.71. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Masood Jabbar sold 30,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $8.17, for a total transaction of $245,100.00. Following the sale, the director now owns 243,514 shares in the company, valued at $1,989,509.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,652 shares of company stock valued at $665,485. 1.52% of the stock is owned by company insiders.

Viavi Solutions Stock Performance

Shares of NASDAQ:VIAV traded up $0.08 on Wednesday, reaching $10.39. The company’s stock had a trading volume of 138,166 shares, compared to its average volume of 1,910,992. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.71 and a quick ratio of 3.31. Viavi Solutions Inc. has a 52-week low of $6.60 and a 52-week high of $11.32. The stock’s 50-day moving average is $9.06 and its two-hundred day moving average is $8.12.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The company had revenue of $238.20 million during the quarter, compared to analysts’ expectations of $240.09 million. During the same period last year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.19 earnings per share for the current year.

Viavi Solutions Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.