Viavi Solutions Inc (VIAV) Director Sells $44,973.00 in Stock

Viavi Solutions Inc (NASDAQ:VIAV) Director Richard Belluzzo sold 4,997 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $9.00, for a total value of $44,973.00. Following the sale, the director now directly owns 190,654 shares of the company’s stock, valued at $1,715,886. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Richard Belluzzo also recently made the following trade(s):

  • On Wednesday, December 13th, Richard Belluzzo sold 10,000 shares of Viavi Solutions stock. The stock was sold at an average price of $9.00, for a total value of $90,000.00.
  • On Tuesday, November 21st, Richard Belluzzo sold 10,000 shares of Viavi Solutions stock. The stock was sold at an average price of $9.00, for a total value of $90,000.00.

Shares of Viavi Solutions Inc (NASDAQ VIAV) opened at $9.05 on Wednesday. The stock has a market capitalization of $2,060.00, a price-to-earnings ratio of 25.86, a PEG ratio of 1.48 and a beta of 1.90. Viavi Solutions Inc has a 1-year low of $8.32 and a 1-year high of $11.89. The company has a quick ratio of 2.10, a current ratio of 2.20 and a debt-to-equity ratio of 0.47.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. The company had revenue of $195.20 million during the quarter, compared to analyst estimates of $183.89 million. Viavi Solutions had a return on equity of 8.99% and a net margin of 10.57%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. sell-side analysts expect that Viavi Solutions Inc will post 0.31 EPS for the current fiscal year.

Several research firms have recently weighed in on VIAV. Rosenblatt Securities set a $13.00 price objective on Viavi Solutions and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Zacks Investment Research lowered Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Stifel Nicolaus reissued a “hold” rating on shares of Viavi Solutions in a research note on Tuesday, October 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $12.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Viavi Solutions by 0.8% in the second quarter. Vanguard Group Inc. now owns 21,052,725 shares of the communications equipment provider’s stock valued at $221,685,000 after purchasing an additional 158,549 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Viavi Solutions by 2.2% in the second quarter. Capital Research Global Investors now owns 16,251,481 shares of the communications equipment provider’s stock valued at $171,128,000 after purchasing an additional 352,207 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Viavi Solutions by 36.1% in the second quarter. Renaissance Technologies LLC now owns 6,628,606 shares of the communications equipment provider’s stock valued at $69,799,000 after purchasing an additional 1,756,862 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Viavi Solutions by 26.1% in the second quarter. Teachers Advisors LLC now owns 3,277,962 shares of the communications equipment provider’s stock valued at $34,517,000 after purchasing an additional 677,531 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Viavi Solutions by 5.1% in the second quarter. Northern Trust Corp now owns 3,022,015 shares of the communications equipment provider’s stock valued at $31,821,000 after purchasing an additional 147,950 shares in the last quarter. Institutional investors own 92.40% of the company’s stock.

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About Viavi Solutions

Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.

Insider Buying and Selling by Quarter for Viavi Solutions (NASDAQ:VIAV)

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