Viavi Solutions Inc. (NASDAQ:VIAV) Director Masood Jabbar Sells 30,000 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) Director Masood Jabbar sold 30,000 shares of Viavi Solutions stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total value of $300,300.00. Following the transaction, the director now owns 180,333 shares in the company, valued at approximately $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Masood Jabbar also recently made the following trade(s):

• On Thursday, November 14th, Masood Jabbar sold 15,000 shares of Viavi Solutions stock. The shares were sold at an average price of $10.14, for a total value of $152,100.00.

Viavi Solutions Price Performance

VIAV opened at $10.04 on Friday. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $11.49. The company has a quick ratio of 3.31, a current ratio of 3.71 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $2.23 billion, a P/E ratio of -59.06 and a beta of 0.91. The stock has a fifty day moving average of $10.24 and a 200-day moving average of $9.00.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $238.20 million during the quarter, compared to analyst estimates of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.05 EPS. Equities analysts forecast that Viavi Solutions Inc. will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VIAV. Rhumbline Advisers increased its stake in shares of Viavi Solutions by 3.8% in the second quarter. Rhumbline Advisers now owns 726,702 shares of the communications equipment provider’s stock worth $4,992,000 after acquiring an additional 26,681 shares during the last quarter. Federated Hermes Inc. increased its position in Viavi Solutions by 98,561.6% in the 2nd quarter. Federated Hermes Inc. now owns 187,457 shares of the communications equipment provider’s stock worth $1,288,000 after purchasing an additional 187,267 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Viavi Solutions by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,818,337 shares of the communications equipment provider’s stock worth $39,972,000 after purchasing an additional 661,450 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Viavi Solutions by 31.0% during the 2nd quarter. Edgestream Partners L.P. now owns 164,974 shares of the communications equipment provider’s stock valued at $1,133,000 after buying an additional 39,076 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Viavi Solutions in the 2nd quarter valued at approximately $202,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VIAV. StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Northland Securities raised their target price on shares of Viavi Solutions from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus upped their price target on Viavi Solutions from $10.50 to $12.00 and gave the company a “buy” rating in a report on Monday, December 16th. Rosenblatt Securities increased their price objective on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, UBS Group started coverage on Viavi Solutions in a report on Tuesday, November 19th. They issued a “neutral” rating and a $10.60 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.44.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.