Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 15,202 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $7.40, for a total transaction of $112,494.80. Following the sale, the executive vice president now directly owns 21,249 shares of the company’s stock, valued at approximately $157,242.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Paul Mcnab also recently made the following trade(s):
- On Monday, September 19th, Paul Mcnab sold 36,690 shares of Viavi Solutions stock. The stock was sold at an average price of $7.40, for a total transaction of $271,506.00.
Shares of Viavi Solutions Inc. (NASDAQ:VIAV) opened at 7.39 on Friday. Viavi Solutions Inc. has a 52-week low of $4.68 and a 52-week high of $7.94. The firm’s market cap is $1.72 billion. The firm’s 50-day moving average is $7.59 and its 200-day moving average is $6.97.
Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, August 11th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Viavi Solutions had a positive return on equity of 6.67% and a negative net margin of 10.95%. The company had revenue of $224.10 million for the quarter, compared to the consensus estimate of $220.39 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. Viavi Solutions’s revenue was up 1.8% on a year-over-year basis. Analysts anticipate that Viavi Solutions Inc. will post $0.35 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of VIAV. Royce & Associates LP bought a new position in Viavi Solutions during the first quarter valued at approximately $755,000. JPMorgan Chase & Co. bought a new position in Viavi Solutions during the first quarter valued at approximately $3,934,000. BlackRock Institutional Trust Company N.A. bought a new position in Viavi Solutions during the first quarter valued at approximately $39,789,000. BlackRock Fund Advisors bought a new position in Viavi Solutions during the first quarter valued at approximately $79,931,000. Finally, BlackRock Group LTD bought a new position in Viavi Solutions during the first quarter valued at approximately $1,947,000. 87.21% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on the stock. B. Riley reissued a “neutral” rating and issued a $6.75 target price on shares of Viavi Solutions in a report on Wednesday, August 10th. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a report on Monday, August 15th. Zacks Investment Research cut shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday, September 3rd. William Blair reissued an “outperform” rating on shares of Viavi Solutions in a report on Friday, September 16th. Finally, Morgan Stanley reissued a “hold” rating and issued a $6.00 target price on shares of Viavi Solutions in a report on Friday, August 12th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Viavi Solutions has a consensus rating of “Hold” and a consensus price target of $7.45.
About Viavi Solutions
Viavi Solutions Inc, formerly JDS Uniphase Corporation, is a provider of network and service enablement solutions and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers (NEMs) and enterprises. The Company operates in three business segments: Network and Service Enablement (NSE), Communications and Commercial Optical Products (CCOP), and Optical Security and Performance Products (OSP).
Receive News & Ratings for Viavi Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.