Viavi Solutions Inc (NASDAQ:VIAV) Director Keith Barnes sold 13,500 shares of Viavi Solutions stock in a transaction on Monday, February 12th. The stock was sold at an average price of $9.75, for a total value of $131,625.00. Following the completion of the sale, the director now directly owns 119,545 shares of the company’s stock, valued at approximately $1,165,563.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Viavi Solutions Inc (NASDAQ:VIAV) opened at $9.72 on Wednesday. Viavi Solutions Inc has a fifty-two week low of $8.34 and a fifty-two week high of $11.89. The company has a current ratio of 2.18, a quick ratio of 2.06 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $2,191.47, a PE ratio of 74.77, a price-to-earnings-growth ratio of 1.58 and a beta of 1.11.
Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Viavi Solutions had a return on equity of 9.60% and a net margin of 3.94%. The business had revenue of $201.80 million during the quarter, compared to analyst estimates of $185.80 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. Viavi Solutions’s revenue for the quarter was down 2.3% on a year-over-year basis. equities research analysts expect that Viavi Solutions Inc will post 0.31 EPS for the current fiscal year.
Several analysts recently commented on the company. Loop Capital assumed coverage on Viavi Solutions in a report on Monday, January 29th. They issued a “hold” rating and a $9.50 price objective for the company. Morgan Stanley lifted their price objective on Viavi Solutions from $9.00 to $10.50 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. BidaskClub raised Viavi Solutions from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Viavi Solutions in a report on Tuesday, October 24th. Finally, Rosenblatt Securities set a $13.00 price objective on Viavi Solutions and gave the stock a “buy” rating in a report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $11.93.
A number of large investors have recently added to or reduced their stakes in VIAV. Hartford Investment Management Co. bought a new stake in Viavi Solutions during the third quarter valued at about $102,000. US Bancorp DE boosted its stake in shares of Viavi Solutions by 635.8% in the fourth quarter. US Bancorp DE now owns 12,214 shares of the communications equipment provider’s stock worth $107,000 after acquiring an additional 10,554 shares during the period. Commonwealth Equity Services Inc bought a new position in shares of Viavi Solutions in the third quarter worth about $111,000. LMR Partners LLP bought a new position in shares of Viavi Solutions in the fourth quarter worth about $195,000. Finally, Shelton Capital Management boosted its stake in shares of Viavi Solutions by 8.8% in the second quarter. Shelton Capital Management now owns 22,881 shares of the communications equipment provider’s stock worth $241,000 after acquiring an additional 1,848 shares during the period. 91.29% of the stock is owned by institutional investors and hedge funds.
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About Viavi Solutions
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.
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