Viavi Solutions Inc. (NASDAQ:VIAV) Director Sells $123,000.00 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) Director Masood Jabbar sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $8.20, for a total value of $123,000.00. Following the completion of the transaction, the director now owns 228,514 shares of the company’s stock, valued at $1,873,814.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, August 21st, Masood Jabbar sold 30,000 shares of Viavi Solutions stock. The shares were sold at an average price of $8.17, for a total transaction of $245,100.00.

Viavi Solutions Price Performance

Viavi Solutions stock opened at $8.28 on Thursday. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $11.32. The company has a current ratio of 3.55, a quick ratio of 3.16 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $7.95 and a 200-day moving average price of $8.10. The firm has a market capitalization of $1.84 billion, a PE ratio of -414.00 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Thursday, August 8th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Viavi Solutions had a negative net margin of 2.58% and a positive return on equity of 3.81%. The company had revenue of $252.00 million for the quarter, compared to analyst estimates of $251.83 million. As a group, equities research analysts forecast that Viavi Solutions Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on VIAV shares. B. Riley reduced their price objective on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Rosenblatt Securities cut shares of Viavi Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $10.00 to $8.25 in a research report on Wednesday, June 26th. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research report on Friday, August 9th. StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Finally, Stifel Nicolaus lowered their price target on shares of Viavi Solutions from $13.00 to $10.50 and set a “buy” rating for the company in a report on Tuesday, August 6th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $10.71.

Institutional Investors Weigh In On Viavi Solutions

A number of institutional investors and hedge funds have recently modified their holdings of VIAV. Truist Financial Corp purchased a new stake in Viavi Solutions in the fourth quarter worth $263,000. Victory Capital Management Inc. increased its stake in Viavi Solutions by 2.5% in the 4th quarter. Victory Capital Management Inc. now owns 115,138 shares of the communications equipment provider’s stock worth $1,159,000 after buying an additional 2,797 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Viavi Solutions by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,595,913 shares of the communications equipment provider’s stock valued at $26,141,000 after buying an additional 154,996 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Viavi Solutions by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,026,592 shares of the communications equipment provider’s stock valued at $50,618,000 after buying an additional 202,387 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Viavi Solutions in the 4th quarter worth about $177,000. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.