Insider Selling: Viavi Solutions Inc (VIAV) Director Sells 4,997 Shares of Stock

Viavi Solutions Inc (NASDAQ:VIAV) Director Richard Belluzzo sold 4,997 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $9.00, for a total value of $44,973.00. Following the completion of the transaction, the director now owns 190,654 shares of the company’s stock, valued at $1,715,886. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Richard Belluzzo also recently made the following trade(s):

  • On Wednesday, December 13th, Richard Belluzzo sold 10,000 shares of Viavi Solutions stock. The stock was sold at an average price of $9.00, for a total value of $90,000.00.
  • On Tuesday, November 21st, Richard Belluzzo sold 10,000 shares of Viavi Solutions stock. The stock was sold at an average price of $9.00, for a total value of $90,000.00.

Viavi Solutions Inc (VIAV) traded up $0.01 during trading on Tuesday, reaching $9.05. The company had a trading volume of 1,733,660 shares, compared to its average volume of 2,076,820. The firm has a market capitalization of $2,060.00, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 1.48 and a beta of 1.90. Viavi Solutions Inc has a 12-month low of $8.32 and a 12-month high of $11.89. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.20.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. The firm had revenue of $195.20 million for the quarter, compared to analyst estimates of $183.89 million. Viavi Solutions had a return on equity of 8.99% and a net margin of 10.57%. Viavi Solutions’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. sell-side analysts anticipate that Viavi Solutions Inc will post 0.31 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on VIAV shares. Zacks Investment Research cut Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Rosenblatt Securities set a $13.00 price objective on Viavi Solutions and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Thursday, October 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Viavi Solutions in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.50.

Institutional investors have recently bought and sold shares of the stock. Hartford Investment Management Co. acquired a new stake in Viavi Solutions during the third quarter worth about $102,000. Commonwealth Equity Services Inc acquired a new stake in Viavi Solutions during the third quarter worth about $111,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Viavi Solutions by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the communications equipment provider’s stock worth $112,000 after acquiring an additional 1,003 shares during the period. BlueMountain Capital Management LLC acquired a new stake in Viavi Solutions during the second quarter worth about $123,000. Finally, Sciencast Management LP acquired a new stake in Viavi Solutions during the second quarter worth about $146,000. 92.40% of the stock is currently owned by hedge funds and other institutional investors.

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Viavi Solutions Company Profile

Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.

Insider Buying and Selling by Quarter for Viavi Solutions (NASDAQ:VIAV)

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