Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) EVP Paul Mcnab sold 3,401 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $7.34, for a total value of $24,963.34. Following the completion of the transaction, the executive vice president now owns 54,539 shares of the company's stock, valued at $400,316.26. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Paul Mcnab also recently made the following trade(s):
- On Tuesday, March 12th, Paul Mcnab sold 15,004 shares of Viavi Solutions stock. The stock was sold at an average price of $10.62, for a total value of $159,342.48.
Viavi Solutions Stock Down 0.1 %
VIAV opened at $7.33 on Thursday. The company's 50-day moving average price is $8.98 and its two-hundred day moving average price is $9.04. The company has a quick ratio of 3.35, a current ratio of 3.81 and a debt-to-equity ratio of 0.90. Viavi Solutions Inc. has a twelve month low of $7.10 and a twelve month high of $11.65. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -367.00 and a beta of 0.97.
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Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $246.00 million during the quarter, compared to analysts' expectations of $249.08 million. Viavi Solutions had a positive return on equity of 4.65% and a negative net margin of 0.42%. The company's revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $0.02 EPS. As a group, equities analysts expect that Viavi Solutions Inc. will post 0.22 earnings per share for the current year.
Analyst Ratings Changes
Several analysts have recently weighed in on VIAV shares. Susquehanna cut Viavi Solutions from a "positive" rating to a "neutral" rating and set a $9.00 price target on the stock. in a report on Friday, May 3rd. Morgan Stanley upped their price objective on shares of Viavi Solutions from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 6th. Needham & Company LLC reiterated a "hold" rating on shares of Viavi Solutions in a research note on Friday, May 3rd. Northland Securities boosted their price objective on Viavi Solutions from $12.00 to $17.00 and gave the company an "outperform" rating in a report on Wednesday, March 6th. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $13.00 price target on shares of Viavi Solutions in a research note on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.
Read Our Latest Stock Analysis on Viavi Solutions
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of Viavi Solutions in the first quarter worth $55,000. Park Avenue Securities LLC bought a new position in Viavi Solutions during the first quarter valued at approximately $99,000. Coldstream Capital Management Inc. grew its holdings in shares of Viavi Solutions by 13.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 11,922 shares of the communications equipment provider's stock valued at $109,000 after purchasing an additional 1,411 shares during the last quarter. Versor Investments LP purchased a new position in shares of Viavi Solutions in the fourth quarter worth about $110,000. Finally, Quadrant Capital Group LLC lifted its position in Viavi Solutions by 49.0% in the fourth quarter. Quadrant Capital Group LLC now owns 12,019 shares of the communications equipment provider's stock valued at $121,000 after purchasing an additional 3,952 shares during the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.
Viavi Solutions Company Profile
(
Get Free Report)
Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
Further Reading
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