Paul Mcnab Sells 15,202 Shares of Viavi Solutions Inc. (VIAV) Stock
Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 15,202 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 21,249 shares in the company, valued at approximately $157,242.60. The transaction was disclosed in a document filed with the SEC, which is available 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 12-month low of $4.68 and a 12-month high of $7.94. The stock has a 50 day moving average of $7.59 and a 200-day moving average of $6.97. The company’s market capitalization is $1.72 billion.
Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm earned $224.10 million during the quarter, compared to analysts’ expectations of $220.39 million. Viavi Solutions had a positive return on equity of 6.67% and a negative net margin of 10.95%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. Analysts predict that Viavi Solutions Inc. will post $0.35 earnings per share for the current fiscal year.
VIAV has been the topic of several recent analyst reports. Jefferies Group raised their price target on shares of 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 raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research report on Thursday, September 8th. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research report on Monday, August 15th. MKM Partners reissued a “buy” rating and set a $8.50 target price on shares of Viavi Solutions in a research report on Monday, September 19th. Finally, William Blair reissued an “outperform” rating on shares of Viavi Solutions in a research report on Friday, September 16th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Viavi Solutions has an average rating of “Hold” and an average price target of $7.45.
Hedge funds have recently bought and sold shares of the company. BlackRock Fund Advisors bought a new stake in Viavi Solutions during the first quarter worth approximately $79,931,000. BlackRock Institutional Trust Company N.A. bought a new stake in Viavi Solutions during the first quarter worth approximately $39,789,000. AQR Capital Management LLC boosted its stake in Viavi Solutions by 281.2% in the second quarter. AQR Capital Management LLC now owns 4,262,503 shares of the company’s stock worth $28,260,000 after buying an additional 3,144,317 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Viavi Solutions during the first quarter worth approximately $16,187,000. Finally, State Street Corp boosted its stake in Viavi Solutions by 52.7% in the second quarter. State Street Corp now owns 5,282,970 shares of the company’s stock worth $35,028,000 after buying an additional 1,823,852 shares in the last quarter. Hedge funds and other institutional investors own 87.21% of the company’s stock.
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).
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