Insider Selling: Viavi Solutions Inc (NASDAQ:VIAV) Director Sells 11,500 Shares of Stock

Viavi Solutions Inc (NASDAQ:VIAV) Director Timothy Campos sold 11,500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $14.80, for a total transaction of $170,200.00. Following the sale, the director now directly owns 107,365 shares in the company, valued at approximately $1,589,002. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Timothy Campos also recently made the following trade(s):

  • On Wednesday, October 30th, Timothy Campos sold 11,500 shares of Viavi Solutions stock. The stock was sold at an average price of $14.74, for a total transaction of $169,510.00.
  • On Monday, September 30th, Timothy Campos sold 11,500 shares of Viavi Solutions stock. The stock was sold at an average price of $14.06, for a total transaction of $161,690.00.

Shares of VIAV stock traded down $0.01 during trading hours on Wednesday, reaching $14.57. 1,816,808 shares of the stock were exchanged, compared to its average volume of 2,132,890. The business’s fifty day moving average is $15.27 and its two-hundred day moving average is $14.14. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.24 and a quick ratio of 2.88. Viavi Solutions Inc has a 12-month low of $9.32 and a 12-month high of $16.35. The firm has a market capitalization of $3.35 billion, a P/E ratio of 28.02 and a beta of 1.05.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, October 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. Viavi Solutions had a net margin of 2.37% and a return on equity of 17.53%. The firm had revenue of $299.80 million for the quarter, compared to analyst estimates of $287.31 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts predict that Viavi Solutions Inc will post 0.56 earnings per share for the current fiscal year.

Several analysts have recently issued reports on VIAV shares. B. Riley reissued a “buy” rating and set a $16.00 price target on shares of Viavi Solutions in a research report on Friday, August 16th. BidaskClub cut shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Stifel Nicolaus set a $15.00 price target on shares of Viavi Solutions and gave the stock a “buy” rating in a research report on Friday, August 16th. Northland Securities restated a “buy” rating and set a $18.00 target price on shares of Viavi Solutions in a research note on Thursday, October 31st. Finally, Rosenblatt Securities restated a “buy” rating and set a $17.00 target price on shares of Viavi Solutions in a research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $15.89.

Several hedge funds have recently added to or reduced their stakes in VIAV. Balyasny Asset Management LLC increased its stake in shares of Viavi Solutions by 315.8% during the second quarter. Balyasny Asset Management LLC now owns 2,952,192 shares of the communications equipment provider’s stock worth $39,235,000 after buying an additional 2,242,256 shares during the period. Bank of Montreal Can increased its stake in shares of Viavi Solutions by 9,777.3% during the second quarter. Bank of Montreal Can now owns 1,347,170 shares of the communications equipment provider’s stock worth $17,904,000 after buying an additional 1,333,531 shares during the period. Renaissance Technologies LLC increased its stake in shares of Viavi Solutions by 38.3% during the second quarter. Renaissance Technologies LLC now owns 4,442,088 shares of the communications equipment provider’s stock worth $59,035,000 after buying an additional 1,230,200 shares during the period. Emerald Advisers LLC purchased a new stake in shares of Viavi Solutions during the third quarter worth approximately $14,909,000. Finally, Nuveen Asset Management LLC purchased a new position in Viavi Solutions in the second quarter valued at approximately $13,815,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Viavi Solutions Company Profile

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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