Viavi Solutions Inc. (NASDAQ:VIAV) Director Richard Belluzzo sold 10,000 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $9.00, for a total transaction of $90,000.00. Following the transaction, the director now directly owns 198,910 shares in the company, valued at approximately $1,790,190. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Richard Belluzzo also recently made the following trade(s):
- On Friday, October 13th, Richard Belluzzo sold 10,000 shares of Viavi Solutions stock. The stock was sold at an average price of $9.54, for a total transaction of $95,400.00.
Viavi Solutions Inc. (NASDAQ:VIAV) traded down $0.16 during midday trading on Wednesday, reaching $8.73. The company’s stock had a trading volume of 1,730,066 shares, compared to its average volume of 3,039,483. The stock has a market cap of $2,030.87, a PE ratio of 29.77, a PEG ratio of 1.46 and a beta of 1.19. Viavi Solutions Inc. has a fifty-two week low of $8.13 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.20 and a quick ratio of 2.10.
Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.06. The firm had revenue of $195.20 million during 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 quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS. equities analysts predict that Viavi Solutions Inc. will post 0.31 EPS for the current fiscal year.
VIAV has been the topic of a number of recent analyst reports. B. Riley restated a “buy” rating and set a $14.00 target price on shares of Viavi Solutions in a report on Thursday, August 10th. BidaskClub cut shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Stifel Nicolaus reaffirmed a “hold” rating and set a $11.00 price objective on shares of Viavi Solutions in a research report on Wednesday, August 16th. MKM Partners increased their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.78.
Several large investors have recently made changes to their positions in VIAV. Creative Planning grew its stake in Viavi Solutions by 177.9% during the 2nd quarter. Creative Planning now owns 11,302 shares of the communications equipment provider’s stock worth $119,000 after buying an additional 7,235 shares during the last quarter. Aperio Group LLC grew its stake in Viavi Solutions by 12.3% during the 2nd quarter. Aperio Group LLC now owns 90,782 shares of the communications equipment provider’s stock worth $956,000 after buying an additional 9,964 shares during the last quarter. Quantitative Systematic Strategies LLC lifted its holdings in shares of Viavi Solutions by 45.3% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 17,831 shares of the communications equipment provider’s stock valued at $188,000 after buying an additional 5,555 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Viavi Solutions by 4.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 54,370 shares of the communications equipment provider’s stock valued at $573,000 after buying an additional 2,080 shares during the period. Finally, John G Ullman & Associates Inc. increased its stake in Viavi Solutions by 74.1% during the 2nd quarter. John G Ullman & Associates Inc. now owns 206,500 shares of the communications equipment provider’s stock worth $2,174,000 after buying an additional 87,900 shares in the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.
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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