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 company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total transaction of $300,300.00. Following the completion of the sale, the director now directly owns 180,333 shares of the company’s stock, valued at approximately $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 NASDAQ VIAV opened at $10.14 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.31 and a current ratio of 3.71. The company has a market cap of $2.25 billion, a PE ratio of -59.64 and a beta of 0.91. The business has a 50-day simple moving average of $10.25 and a two-hundred day simple moving average of $9.00. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $11.49.

Viavi Solutions (NASDAQ:VIAV) last issued 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. The business had revenue of $238.20 million during the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.05 earnings per share. As a group, equities analysts expect that Viavi Solutions Inc. will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Viavi Solutions

Several institutional investors have recently added to or reduced their stakes in VIAV. Dimensional Fund Advisors LP boosted its holdings in Viavi Solutions by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,818,337 shares of the communications equipment provider’s stock worth $39,972,000 after acquiring an additional 661,450 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Viavi Solutions by 9.2% in the second quarter. Westwood Holdings Group Inc. now owns 7,203,703 shares of the communications equipment provider’s stock worth $49,489,000 after purchasing an additional 606,522 shares during the last quarter. Leeward Investments LLC MA raised its stake in shares of Viavi Solutions by 17.1% in the third quarter. Leeward Investments LLC MA now owns 1,705,653 shares of the communications equipment provider’s stock worth $15,385,000 after purchasing an additional 249,554 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Viavi Solutions by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider’s stock worth $28,819,000 after purchasing an additional 217,399 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Viavi Solutions by 98,561.6% in the second quarter. Federated Hermes Inc. now owns 187,457 shares of the communications equipment provider’s stock worth $1,288,000 after purchasing an additional 187,267 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VIAV shares. Northland Securities lifted their price objective on shares of Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price target on Viavi Solutions from $10.50 to $12.00 and gave the company a “buy” rating in a report on Monday, December 16th. Rosenblatt Securities upped their price objective on Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Morgan Stanley reiterated an “underweight” rating and issued a $9.50 target price (up previously from $8.00) on shares of Viavi Solutions in a research note on Tuesday, December 17th. Finally, StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.44.

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.