Viavi Solutions Inc (VIAV) Director Keith Barnes Sells 13,500 Shares

Viavi Solutions Inc (NASDAQ:VIAV) Director Keith Barnes sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 $1,165,563.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Viavi Solutions Inc (NASDAQ VIAV) traded up $0.02 during midday trading on Monday, reaching $9.72. The company had a trading volume of 2,224,754 shares, compared to its average volume of 2,814,285. Viavi Solutions Inc has a 12-month low of $8.34 and a 12-month high of $11.89. The stock has a market cap of $2,191.47, a P/E ratio of 74.77, a P/E/G ratio of 1.58 and a beta of 1.11. 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 (NASDAQ:VIAV) last released its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $0.09 earnings per share for the quarter, beating 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 firm had revenue of $201.80 million during the quarter, compared to the consensus estimate of $185.80 million. During the same period last year, the business posted $0.10 EPS. Viavi Solutions’s quarterly revenue was down 2.3% on a year-over-year basis. equities research analysts anticipate that Viavi Solutions Inc will post 0.31 earnings per share for the current year.

Several analysts have 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 target for the company. Morgan Stanley raised their price target on Viavi Solutions from $9.00 to $10.50 and gave the company 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 reissued a “hold” rating on shares of Viavi Solutions in a report on Tuesday, October 24th. Finally, Rosenblatt Securities set a $13.00 price target on Viavi Solutions and gave the company a “buy” rating in a report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Viavi Solutions has a consensus rating of “Hold” and a consensus price target of $11.93.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its position in Viavi Solutions by 1.8% during the second quarter. Stifel Financial Corp now owns 52,454 shares of the communications equipment provider’s stock worth $552,000 after buying an additional 933 shares in the last quarter. Shelton Capital Management increased its position in Viavi Solutions by 8.8% during the second quarter. Shelton Capital Management now owns 22,881 shares of the communications equipment provider’s stock worth $241,000 after buying an additional 1,848 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Viavi Solutions by 10.6% during the second quarter. Cubist Systematic Strategies LLC now owns 30,024 shares of the communications equipment provider’s stock worth $316,000 after buying an additional 2,877 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Viavi Solutions by 6.1% during the fourth 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 in the last quarter. Finally, Rhumbline Advisers increased its position in Viavi Solutions by 1.5% during the third quarter. Rhumbline Advisers now owns 489,530 shares of the communications equipment provider’s stock worth $4,631,000 after buying an additional 7,035 shares in the last quarter. 91.29% of the stock is 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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