Viavi Solutions Inc. (NASDAQ:VIAV – Get Free Report) EVP Paul McNab sold 11,032 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $38.97, for a total transaction of $429,917.04. Following the completion of the transaction, the executive vice president owned 25,639 shares in the company, valued at approximately $999,151.83. This trade represents a 30.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Paul Mcnab also recently made the following trade(s):
- On Monday, August 10th, Paul McNab sold 1,595 shares of Viavi Solutions stock. The stock was sold at an average price of $37.37, for a total transaction of $59,605.15.
Viavi Solutions Price Performance
Shares of NASDAQ:VIAV traded up $1.35 during trading on Friday, reaching $38.75. The stock had a trading volume of 4,734,082 shares, compared to its average volume of 6,059,019. The stock has a market capitalization of $9.56 billion, a PE ratio of -258.32 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. Viavi Solutions Inc. has a 52 week low of $11.93 and a 52 week high of $60.43. The business’s 50-day moving average price is $39.02 and its 200 day moving average price is $41.50.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Needham & Company LLC lowered their price objective on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Weiss Ratings downgraded shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. UBS Group reduced their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.43.
Check Out Our Latest Analysis on VIAV
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. GTS Securities LLC boosted its holdings in Viavi Solutions by 4.5% in the 2nd quarter. GTS Securities LLC now owns 6,511 shares of the communications equipment provider’s stock valued at $311,000 after purchasing an additional 283 shares during the period. WPG Advisers LLC increased its holdings in shares of Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 380 shares during the period. Carolina Wealth Advisors LLC raised its position in shares of Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after buying an additional 387 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Viavi Solutions by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock valued at $204,000 after buying an additional 394 shares in the last quarter. Finally, Lido Advisors LLC boosted its stake in shares of Viavi Solutions by 2.0% in the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock valued at $438,000 after buying an additional 473 shares during the period. Institutional investors own 95.54% of the company’s stock.
Viavi Solutions Company Profile
Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks and optical systems. Its products and software help telecommunications providers, network equipment manufacturers, data centers, government organizations, and other enterprises build, validate, monitor, and maintain wired and wireless networks.
The company’s offerings include instruments and software for fiber-optic testing, network installation and certification, service activation, network performance monitoring, troubleshooting, and telecommunications equipment testing.
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