Viavi Solutions Inc. (VIAV) VP Kevin Christopher Siebert Sells 8,696 Shares of Stock
Viavi Solutions Inc. (NASDAQ:VIAV) VP Kevin Christopher Siebert sold 8,696 shares of the business’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $7.31, for a total transaction of $63,567.76. Following the completion of the transaction, the vice president now owns 12,999 shares of the company’s stock, valued at approximately $95,022.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction 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 transaction of $19,850.08.
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 company has a 50-day moving average of $7.59 and a 200-day moving average of $6.97. The stock’s market capitalization is $1.72 billion.
Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The firm 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%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, equities research analysts expect that Viavi Solutions Inc. will post $0.35 EPS for the current fiscal year.
Several equities analysts have commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Tuesday, September 20th. MKM Partners restated a “buy” rating and issued a $8.50 price target on shares of Viavi Solutions in a research note on Monday, September 19th. William Blair restated an “outperform” rating on shares of Viavi Solutions in a research note on Friday, September 16th. Zacks Investment Research downgraded shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, September 10th. Finally, B. Riley restated a “neutral” rating and issued a $7.00 price target on shares of Viavi Solutions in a research note on Monday, August 15th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $7.45.
Large investors have recently made changes to their positions in the stock. BlackRock Fund Advisors acquired a new stake in shares of Viavi Solutions during the first quarter valued at about $79,931,000. BlackRock Institutional Trust Company N.A. acquired a new stake in shares of Viavi Solutions during the first quarter valued at about $39,789,000. AQR Capital Management LLC raised its stake in shares of Viavi Solutions by 281.2% in the second quarter. AQR Capital Management LLC now owns 4,262,503 shares of the company’s stock valued at $28,260,000 after buying an additional 3,144,317 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Viavi Solutions during the first quarter valued at about $16,187,000. Finally, State Street Corp raised its stake in shares of Viavi Solutions by 52.7% in the second quarter. State Street Corp now owns 5,282,970 shares of the company’s stock valued at $35,028,000 after buying an additional 1,823,852 shares during the period. 87.21% of the stock is currently owned by hedge funds and other institutional investors.
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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