Soros Fund Management Lowers stake in Viavi Solutions Inc (VIAV)

Viavi Solutions Inc (VIAV) : Soros Fund Management reduced its stake in Viavi Solutions Inc by 1.39% during the most recent quarter end. The investment management company now holds a total of 9,966,666 shares of Viavi Solutions Inc which is valued at $72,756,662 after selling 140,000 shares in Viavi Solutions Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Viavi Solutions Inc makes up approximately 2.48% of Soros Fund Management’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in VIAV in the latest quarter, The investment management firm added 1,690 additional shares and now holds a total of 51,220 shares of Viavi Solutions Inc which is valued at $373,906. Viavi Solutions Inc makes up approx 0.02% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Engineers Gate Manager Lp boosted its stake in VIAV in the latest quarter, The investment management firm added 42,824 additional shares and now holds a total of 288,811 shares of Viavi Solutions Inc which is valued at $2,108,320. Viavi Solutions Inc makes up approx 0.14% of Engineers Gate Manager Lp’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in VIAV by selling 30,232 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 5,769,863 shares of VIAV which is valued at $42,120,000. Viavi Solutions Inc makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Globeflex Capital L P boosted its stake in VIAV in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 184,520 shares of Viavi Solutions Inc which is valued at $1,346,996. Viavi Solutions Inc makes up approx 0.35% of Globeflex Capital L P’s portfolio. Kanaly Trust Co sold out all of its stake in VIAV during the most recent quarter. The investment firm sold 6 shares of VIAV which is valued $43.

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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