Viavi Solutions Inc. (VIAV) EVP Paul Mcnab Sells 15,202 Shares of Stock
Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 15,202 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 21,249 shares of the company’s stock, valued at $157,242.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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.
Viavi Solutions Inc. (NASDAQ:VIAV) opened at 7.39 on Friday. The stock has a 50 day moving average of $7.59 and a 200-day moving average of $6.97. The company’s market cap is $1.72 billion. Viavi Solutions Inc. has a 52-week low of $4.68 and a 52-week high of $7.94.
Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 earned $224.10 million during the quarter, compared to the consensus estimate of $220.39 million. During the same period last year, the company earned $0.13 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. On average, analysts forecast that Viavi Solutions Inc. will post $0.35 EPS for the current year.
Several institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Viavi Solutions during the fourth quarter worth about $7,907,000. Texas Permanent School Fund bought a new position in shares of Viavi Solutions during the first quarter worth about $1,271,000. Aperio Group LLC bought a new position in shares of Viavi Solutions during the first quarter worth about $427,000. Pacad Investment Ltd. bought a new position in shares of Viavi Solutions during the first quarter worth about $217,000. Finally, TIAA CREF Investment Management LLC bought a new position in shares of Viavi Solutions during the first quarter worth about $6,531,000. Institutional investors own 87.21% of the company’s stock.
A number of research firms have recently issued reports on VIAV. B. Riley lowered shares of Viavi Solutions from a “buy” rating to a “neutral” rating and set a $6.75 price target for the company. in a research report on Monday, June 27th. MKM Partners increased their price target on shares of Viavi Solutions from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, June 6th. William Blair reissued a “buy” rating on shares of Viavi Solutions in a research report on Monday, June 6th. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research report on Tuesday, September 20th. Finally, Zacks Investment Research lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, September 3rd. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price 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).
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