Rex Capital Advisors Lowers stake in Viavi Solutions Inc (VIAV)

Viavi Solutions Inc (VIAV) : Rex Capital Advisors reduced its stake in Viavi Solutions Inc by 40.98% during the most recent quarter end. The investment management company now holds a total of 12,617 shares of Viavi Solutions Inc which is valued at $92,104 after selling 8,759 shares in Viavi Solutions Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Viavi Solutions Inc makes up approximately 0.09% of Rex Capital Advisors’s portfolio.

Other Hedge Funds, Including , State Of Wisconsin Investment Board sold out all of its stake in VIAV during the most recent quarter. The investment firm sold 162,706 shares of VIAV which is valued $1,187,754.Vanguard Group Inc boosted its stake in VIAV in the latest quarter, The investment management firm added 1,362,371 additional shares and now holds a total of 20,350,826 shares of Viavi Solutions Inc which is valued at $148,561,030. Viavi Solutions Inc makes up approx 0.01% of Vanguard Group Inc’s portfolio.Focused Wealth Management Inc boosted its stake in VIAV in the latest quarter, The investment management firm added 674 additional shares and now holds a total of 1,060 shares of Viavi Solutions Inc which is valued at $7,738.Neuberger Berman Group boosted its stake in VIAV in the latest quarter, The investment management firm added 44,447 additional shares and now holds a total of 1,998,779 shares of Viavi Solutions Inc which is valued at $14,491,148. Viavi Solutions Inc makes up approx 0.02% of Neuberger Berman Group’s portfolio.Diam Ltd. boosted its stake in VIAV in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 38,800 shares of Viavi Solutions Inc which is valued at $277,420.

On the company’s financial health, Viavi Solutions Inc reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.09. The company had revenue of $224.00 million for the quarter, compared to analysts expectations of $220.39 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Viavi Solutions Inc. Company shares were Reiterated by MKM Partners on Jun 6, 2016 to “Buy”, Firm has raised the Price Target to $ 8.50 from a previous price target of $8 .

Viavi Solutions Inc formerly JDS Uniphase Corporation is a provider of network and service enablement solutions and optical products for telecommunications service providers wireless operators cable operators network-equipment manufacturers (NEMs) and enterprises. The Company operates in three business segments: Network and Service Enablement (NSE) Communications and Commercial Optical Products (CCOP) and Optical Security and Performance Products (OSP). The NSE business provides network and service enablement solutions which enable the design development deployment and maintenance of communication equipment and networks. The CCOP business segment provides optical communications products used by NEMs for telecommunications and enterprise data center communications. The OSP segment provides optical security and performance products targeted to customers in the anti-counterfeiting consumer electronics government healthcare and other markets.

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