Insider Selling: Viavi Solutions Inc (NASDAQ:VIAV) CFO Sells $204,698.76 in Stock

Viavi Solutions Inc (NASDAQ:VIAV) CFO Amar Maletira sold 14,844 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $13.79, for a total transaction of $204,698.76. Following the completion of the sale, the chief financial officer now owns 254,526 shares in the company, valued at approximately $3,509,913.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Amar Maletira also recently made the following trade(s):

  • On Monday, June 10th, Amar Maletira sold 2,500 shares of Viavi Solutions stock. The stock was sold at an average price of $13.31, for a total transaction of $33,275.00.

Shares of NASDAQ VIAV opened at $13.60 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.86 and a current ratio of 3.19. The stock has a market cap of $3.11 billion, a PE ratio of 40.00 and a beta of 0.98. Viavi Solutions Inc has a 12-month low of $9.17 and a 12-month high of $14.00.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Thursday, May 2nd. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $265.20 million for the quarter, compared to analysts’ expectations of $259.86 million. Viavi Solutions had a negative net margin of 3.25% and a positive return on equity of 15.88%. The business’s revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. As a group, sell-side analysts expect that Viavi Solutions Inc will post 0.53 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. Bank of Montreal Can grew its holdings in Viavi Solutions by 15.4% during the fourth quarter. Bank of Montreal Can now owns 11,698 shares of the communications equipment provider’s stock worth $118,000 after purchasing an additional 1,564 shares during the period. Rhumbline Advisers grew its holdings in Viavi Solutions by 20.5% during the fourth quarter. Rhumbline Advisers now owns 687,453 shares of the communications equipment provider’s stock worth $6,909,000 after purchasing an additional 116,933 shares during the period. Canada Pension Plan Investment Board grew its holdings in Viavi Solutions by 334.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 935,600 shares of the communications equipment provider’s stock worth $9,402,000 after purchasing an additional 720,400 shares during the period. Comerica Bank grew its holdings in Viavi Solutions by 1.1% during the fourth quarter. Comerica Bank now owns 222,614 shares of the communications equipment provider’s stock worth $2,411,000 after purchasing an additional 2,498 shares during the period. Finally, Oregon Public Employees Retirement Fund bought a new position in Viavi Solutions during the fourth quarter worth about $873,000. Institutional investors own 92.52% of the company’s stock.

Several analysts have recently issued reports on VIAV shares. BidaskClub cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. upgraded shares of Viavi Solutions from an “underweight” rating to a “neutral” rating and upped their target price for the company from $12.00 to $13.00 in a research report on Monday, April 22nd. Morgan Stanley set a $13.00 target price on shares of Viavi Solutions and gave the company a “hold” rating in a research report on Friday, May 3rd. Zacks Investment Research cut shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Finally, ValuEngine cut shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.81.

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

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