Viavi Solutions Inc. (VIAV) EVP Paul Mcnab Sells 15,202 Shares
Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 15,202 shares of Viavi Solutions stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $7.40, for a total value of $112,494.80. Following the sale, the executive vice president now directly owns 21,249 shares in the company, valued at $157,242.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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 value of $271,506.00.
Viavi Solutions Inc. (NASDAQ:VIAV) opened at 7.39 on Friday. The firm’s market capitalization is $1.72 billion. The firm has a 50-day moving average price of $7.59 and a 200-day moving average price of $6.97. Viavi Solutions Inc. has a 52 week low of $4.68 and a 52 week high of $7.94.
Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Thursday, August 11th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business earned $224.10 million during the quarter, compared to the consensus estimate of $220.39 million. Viavi Solutions had a negative net margin of 10.95% and a positive return on equity of 6.67%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. Equities analysts forecast that Viavi Solutions Inc. will post $0.35 EPS for the current year.
VIAV has been the subject of a number of research reports. B. Riley downgraded Viavi Solutions from a “buy” rating to a “neutral” rating and set a $6.75 price target for the company. in a research note on Monday, June 27th. MKM Partners lifted their price target on Viavi Solutions from $8.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, June 6th. William Blair reiterated a “buy” rating on shares of Viavi Solutions in a research note on Monday, June 6th. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research note on Tuesday, September 20th. Finally, Zacks Investment Research downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, September 3rd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $7.45.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC acquired a new position in Viavi Solutions during the second quarter worth $103,000. Legal & General Group Plc increased its position in 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 increased its position in 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. acquired a new position in Viavi Solutions during the second quarter worth $121,000. Finally, Tower Research Capital LLC TRC increased its position in Viavi Solutions by 152.0% in the second quarter. Tower Research Capital LLC TRC now owns 19,559 shares of the company’s stock worth $130,000 after buying an additional 11,799 shares during the period. 87.21% of the stock is owned by institutional investors and hedge funds.
Viavi Solutions Company Profile
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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