Viavi Solutions Inc (VIAV) : Thompson Investment Management reduced its stake in Viavi Solutions Inc by 2.33% during the most recent quarter end. The investment management company now holds a total of 657,799 shares of Viavi Solutions Inc which is valued at $4,703,263 after selling 15,713 shares in Viavi Solutions Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Viavi Solutions Inc makes up approximately 0.93% of Thompson Investment Management’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in VIAV by selling 19,322 shares or 3.78% in the most recent quarter. The Hedge Fund company now holds 492,062 shares of VIAV which is valued at $3,518,243. Viavi Solutions Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio. Strs Ohio added VIAV to its portfolio by purchasing 154,600 company shares during the most recent quarter which is valued at $1,103,844. Old Mutual Global Investors (uk) Ltd. sold out all of its stake in VIAV during the most recent quarter. The investment firm sold 105,232 shares of VIAV which is valued $749,252. Simplex Trading added VIAV to its portfolio by purchasing 14,149 company shares during the most recent quarter which is valued at $98,902. Viavi Solutions Inc makes up approx 0.01% of Simplex Trading’s portfolio.
On the company’s financial health, Viavi Solutions Inc reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.08. The company had revenue of $220.40 million for the quarter, compared to analysts expectations of $218.38 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 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.