Viavi Solutions Inc (NASDAQ:VIAV) SVP Ralph Rondinone sold 1,256 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $10.00, for a total transaction of $12,560.00. Following the completion of the transaction, the senior vice president now owns 28,468 shares in the company, valued at $284,680. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NASDAQ:VIAV opened at $10.14 on Friday. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 24.73 and a beta of 0.87. Viavi Solutions Inc has a 1-year low of $8.49 and a 1-year high of $12.82.
Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $268.50 million for the quarter, compared to the consensus estimate of $268.73 million. Viavi Solutions had a negative net margin of 5.92% and a positive return on equity of 12.72%. The business’s revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. Equities analysts expect that Viavi Solutions Inc will post 0.49 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY raised its stake in shares of Viavi Solutions by 7.2% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 73,365 shares of the communications equipment provider’s stock valued at $751,000 after acquiring an additional 4,958 shares during the period. SG Americas Securities LLC raised its stake in shares of Viavi Solutions by 17.4% in the 2nd quarter. SG Americas Securities LLC now owns 37,173 shares of the communications equipment provider’s stock valued at $381,000 after acquiring an additional 5,505 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Viavi Solutions by 13.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 54,123 shares of the communications equipment provider’s stock valued at $614,000 after acquiring an additional 6,251 shares during the period. United Services Automobile Association raised its stake in shares of Viavi Solutions by 2.2% in the 3rd quarter. United Services Automobile Association now owns 301,793 shares of the communications equipment provider’s stock valued at $3,422,000 after acquiring an additional 6,500 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Viavi Solutions by 0.3% in the 2nd quarter. Macquarie Group Ltd. now owns 2,786,563 shares of the communications equipment provider’s stock valued at $28,534,000 after acquiring an additional 7,114 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.
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About Viavi Solutions
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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