Viavi Solutions Inc (NASDAQ:VIAV) Director Sells $170,200.00 in Stock

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

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 value 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 value of $161,690.00.

Viavi Solutions stock traded down $0.01 during midday trading on Wednesday, reaching $14.57. The company’s stock had a trading volume of 1,816,808 shares, compared to its average volume of 2,132,890. Viavi Solutions Inc has a fifty-two week low of $9.32 and a fifty-two week high of $16.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.88 and a current ratio of 3.24. The stock’s 50 day simple moving average is $15.27 and its 200 day simple moving average is $14.14. The firm has a market capitalization of $3.35 billion, a PE 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 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Viavi Solutions had a return on equity of 17.53% and a net margin of 2.37%. The company had revenue of $299.80 million during the quarter, compared to the consensus estimate of $287.31 million. During the same quarter last year, the company earned $0.15 earnings per share. Viavi Solutions’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts predict that Viavi Solutions Inc will post 0.56 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in VIAV. Vanguard Group Inc. increased its position in shares of Viavi Solutions by 1.2% in the second quarter. Vanguard Group Inc. now owns 24,589,402 shares of the communications equipment provider’s stock valued at $326,793,000 after buying an additional 288,080 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Viavi Solutions by 38.3% in the second quarter. Renaissance Technologies LLC now owns 4,442,088 shares of the communications equipment provider’s stock valued at $59,035,000 after buying an additional 1,230,200 shares in the last quarter. DNB Asset Management AS increased its position in shares of Viavi Solutions by 15.5% in the third quarter. DNB Asset Management AS now owns 3,779,694 shares of the communications equipment provider’s stock valued at $52,935,000 after buying an additional 507,764 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Viavi Solutions by 1.9% in the second quarter. Victory Capital Management Inc. now owns 3,693,891 shares of the communications equipment provider’s stock valued at $49,092,000 after buying an additional 69,329 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Viavi Solutions by 2.2% in the second quarter. Northern Trust Corp now owns 3,032,917 shares of the communications equipment provider’s stock valued at $40,308,000 after buying an additional 65,329 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Several brokerages recently weighed in on VIAV. Needham & Company LLC set a $16.00 price target on Viavi Solutions and gave the stock a “buy” rating in a report on Friday, September 13th. Zacks Investment Research raised Viavi Solutions from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a report on Monday, September 16th. TheStreet downgraded Viavi Solutions from a “b” rating to a “c+” rating in a report on Wednesday, October 30th. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 target price on shares of Viavi Solutions in a report on Thursday, October 31st. Finally, B. Riley reissued a “buy” rating and issued a $16.00 target price on shares of Viavi Solutions in a report on Friday, August 16th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Viavi Solutions has a consensus rating of “Buy” and a consensus price target of $15.89.

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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