Viavi Solutions Inc. (NASDAQ:VIAV) Director Sells $300,300.00 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) Director Masood Jabbar sold 30,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total value of $300,300.00. Following the completion of the sale, the director now owns 180,333 shares in the company, valued at $1,805,133.33. This represents a 14.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Masood Jabbar also recently made the following trade(s):

• On Thursday, November 14th, Masood Jabbar sold 15,000 shares of Viavi Solutions stock. The shares were sold at an average price of $10.14, for a total transaction of $152,100.00.

Viavi Solutions Price Performance

Shares of VIAV stock traded up $0.17 during trading hours on Tuesday, hitting $10.09. 1,199,286 shares of the company’s stock were exchanged, compared to its average volume of 1,173,531. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $11.49. The company has a market capitalization of $2.24 billion, a PE ratio of -59.35 and a beta of 0.91. The business’s 50 day simple moving average is $10.24 and its 200-day simple moving average is $8.97. The company has a current ratio of 3.71, a quick ratio of 3.31 and a debt-to-equity ratio of 0.91.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The business had revenue of $238.20 million during the quarter, compared to the consensus estimate of $240.09 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Viavi Solutions Inc. will post 0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VIAV has been the topic of a number of analyst reports. Morgan Stanley reiterated an “underweight” rating and set a $9.50 price objective (up from $8.00) on shares of Viavi Solutions in a research note on Tuesday, December 17th. Rosenblatt Securities boosted their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Northland Securities lifted their price target on Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.44.

Hedge Funds Weigh In On Viavi Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Park Avenue Securities LLC increased its position in shares of Viavi Solutions by 15.4% in the fourth quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock valued at $136,000 after acquiring an additional 1,792 shares during the period. Harbor Capital Advisors Inc. increased its position in Viavi Solutions by 5.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock valued at $442,000 after purchasing an additional 2,277 shares during the period. nVerses Capital LLC lifted its holdings in Viavi Solutions by 24.0% in the third quarter. nVerses Capital LLC now owns 11,900 shares of the communications equipment provider’s stock worth $107,000 after buying an additional 2,300 shares during the period. Capital Performance Advisors LLP bought a new stake in Viavi Solutions during the 3rd quarter valued at approximately $25,000. Finally, KBC Group NV raised its position in shares of Viavi Solutions by 53.0% in the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock worth $85,000 after acquiring an additional 3,252 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.