Viavi Solutions Inc (NASDAQ:VIAV) CFO Amar Maletira sold 4,500 shares of the stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $10.25, for a total value of $46,125.00. Following the sale, the chief financial officer now directly owns 150,022 shares in the company, valued at $1,537,725.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Amar Maletira also recently made the following trade(s):
- On Friday, March 16th, Amar Maletira sold 15,299 shares of Viavi Solutions stock. The stock was sold at an average price of $10.06, for a total value of $153,907.94.
Shares of VIAV stock opened at $10.04 on Tuesday. The company has a quick ratio of 2.06, a current ratio of 2.18 and a debt-to-equity ratio of 0.48. Viavi Solutions Inc has a twelve month low of $8.34 and a twelve month high of $11.89. The firm has a market cap of $2,338.32, a P/E ratio of 40.16, a price-to-earnings-growth ratio of 1.57 and a beta of 0.95.
Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $0.09 earnings per share for the quarter, topping the 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 the consensus estimate of $185.80 million. During the same period in the prior year, the company earned $0.10 EPS. Viavi Solutions’s revenue for the quarter was down 2.3% on a year-over-year basis. research analysts expect that Viavi Solutions Inc will post 0.33 earnings per share for the current fiscal year.
Viavi Solutions announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 15th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the communications equipment provider to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Several analysts have recently issued reports on the company. Zacks Investment Research lowered Viavi Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. ValuEngine lowered Viavi Solutions from a “hold” rating to a “sell” rating in a report on Friday, March 23rd. Stifel Nicolaus raised Viavi Solutions from a “hold” rating to a “buy” rating and increased their target price for the stock from $10.00 to $12.00 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. Finally, Morgan Stanley increased their target price on Viavi Solutions from $9.00 to $10.50 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $11.81.
Several hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System lifted its position in shares of Viavi Solutions by 6.1% during the 4th quarter. Louisiana State Employees Retirement System now owns 97,800 shares of the communications equipment provider’s stock worth $855,000 after buying an additional 5,600 shares during the last quarter. US Bancorp DE lifted its position in shares of Viavi Solutions by 635.8% during the 4th quarter. US Bancorp DE now owns 12,214 shares of the communications equipment provider’s stock worth $107,000 after buying an additional 10,554 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Viavi Solutions by 1.8% during the 4th quarter. California Public Employees Retirement System now owns 620,058 shares of the communications equipment provider’s stock worth $5,419,000 after buying an additional 11,066 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in Viavi Solutions in the fourth quarter valued at about $114,000. Finally, Quantitative Systematic Strategies LLC raised its position in Viavi Solutions by 127.1% in the fourth quarter. Quantitative Systematic Strategies LLC now owns 33,362 shares of the communications equipment provider’s stock valued at $292,000 after purchasing an additional 18,670 shares during the last quarter. Institutional investors and hedge funds own 93.45% of the company’s stock.
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Viavi Solutions Company Profile
Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, and enterprises and their ecosystems worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments. The Network Enablement segment offers testing solutions that access the network to perform build-out and maintenance tasks.
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