Kevin Christopher Siebert Sells 8,696 Shares of Viavi Solutions Inc. (VIAV) Stock
Viavi Solutions Inc. (NASDAQ:VIAV) VP Kevin Christopher Siebert sold 8,696 shares of the business’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $7.31, for a total value of $63,567.76. Following the completion of the transaction, the vice president now owns 12,999 shares in the company, valued at approximately $95,022.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Kevin Christopher Siebert also recently made the following trade(s):
- On Monday, August 22nd, Kevin Christopher Siebert sold 6,938 shares of Viavi Solutions stock. The stock was sold at an average price of $7.73, for a total value of $53,630.74.
- On Thursday, August 18th, Kevin Christopher Siebert sold 2,558 shares of Viavi Solutions stock. The stock was sold at an average price of $7.76, for a total value of $19,850.08.
Viavi Solutions Inc. (NASDAQ:VIAV) opened at 7.39 on Friday. Viavi Solutions Inc. has a 12-month low of $4.68 and a 12-month high of $7.94. The company’s market capitalization is $1.72 billion. The stock’s 50 day moving average price is $7.59 and its 200 day moving average price is $6.97.
Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $224.10 million for the quarter, compared to analyst estimates of $220.39 million. Viavi Solutions had a negative net margin of 10.95% and a positive return on equity of 6.67%. Viavi Solutions’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. On average, equities research analysts anticipate that Viavi Solutions Inc. will post $0.35 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIAV. Nuveen Asset Management LLC purchased a new position in Viavi Solutions during the second quarter valued at $103,000. Legal & General Group Plc raised its position in shares of Viavi Solutions by 76.6% in the first quarter. Legal & General Group Plc now owns 15,565 shares of the company’s stock worth $107,000 after buying an additional 6,749 shares during the period. Hsbc Holdings PLC raised its position in shares of Viavi Solutions by 0.6% in the second quarter. Hsbc Holdings PLC now owns 17,438 shares of the company’s stock worth $116,000 after buying an additional 98 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Viavi Solutions during the second quarter worth approximately $121,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Viavi Solutions during the second quarter worth approximately $130,000. Institutional investors own 87.21% of the company’s stock.
VIAV has been the topic of several recent analyst reports. Jefferies Group boosted their price target on Viavi Solutions from $5.75 to $7.00 and gave the stock a “hold” rating in a research note on Friday, August 12th. Zacks Investment Research upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research note on Thursday, September 8th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Monday, August 15th. MKM Partners restated a “buy” rating and set a $8.50 price objective on shares of Viavi Solutions in a research note on Monday, September 19th. Finally, William Blair restated an “outperform” rating on shares of Viavi Solutions in a research note on Friday, September 16th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Viavi Solutions currently 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 & Stock 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 stocks with our FREE daily email newsletter.