Viavi Solutions Inc (NASDAQ:VIAV) CFO Amar Maletira sold 60,465 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $15.82, for a total value of $956,556.30. Following the sale, the chief financial officer now owns 244,206 shares in the company, valued at $3,863,338.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Amar Maletira also recently made the following trade(s):
- On Wednesday, November 6th, Amar Maletira sold 84,685 shares of Viavi Solutions stock. The shares were sold at an average price of $15.89, for a total value of $1,345,644.65.
- On Monday, November 4th, Amar Maletira sold 37,700 shares of Viavi Solutions stock. The shares were sold at an average price of $16.10, for a total value of $606,970.00.
VIAV stock traded up $0.05 during midday trading on Friday, reaching $15.88. 1,471,500 shares of the company traded hands, compared to its average volume of 2,179,996. Viavi Solutions Inc has a 52-week low of $9.17 and a 52-week high of $16.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.88 and a current ratio of 3.24. The business has a 50 day moving average of $14.65 and a 200-day moving average of $13.89. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 30.54 and a beta of 1.08.
Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, October 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. Viavi Solutions had a return on equity of 17.53% and a net margin of 2.37%. The firm had revenue of $299.80 million for the quarter, compared to the consensus estimate of $287.31 million. During the same period in the prior year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts anticipate that Viavi Solutions Inc will post 0.56 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Usca Ria LLC purchased a new stake in shares of Viavi Solutions in the third quarter worth approximately $30,000. Advisory Services Network LLC raised its holdings in shares of Viavi Solutions by 88.5% in the second quarter. Advisory Services Network LLC now owns 2,354 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 1,105 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Viavi Solutions in the third quarter worth approximately $38,000. NEXT Financial Group Inc raised its holdings in shares of Viavi Solutions by 842.4% in the third quarter. NEXT Financial Group Inc now owns 3,468 shares of the communications equipment provider’s stock worth $49,000 after buying an additional 3,100 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Viavi Solutions in the second quarter worth approximately $94,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.
A number of brokerages have issued reports on VIAV. B. Riley restated a “buy” rating and set a $16.00 price objective on shares of Viavi Solutions in a research report on Friday, August 16th. ValuEngine downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Susquehanna Bancshares began coverage on Viavi Solutions in a research report on Friday, October 18th. They set a “positive” rating and a $19.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and set a $17.00 price objective on shares of Viavi Solutions in a research report on Thursday, October 31st. Finally, BidaskClub downgraded Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Viavi Solutions presently has an average rating of “Buy” and a consensus price target of $15.89.
About Viavi Solutions
Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.
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