Viavi Solutions Inc. (VIAV) EVP Paul Mcnab Sells 35,535 Shares
Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 35,535 shares of the stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $7.41, for a total transaction of $263,314.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Paul Mcnab also recently made the following trade(s):
- On Friday, September 30th, Paul Mcnab sold 15,202 shares of Viavi Solutions stock. The stock was sold at an average price of $7.40, for a total transaction of $112,494.80.
- 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 7.25 on Friday. The company has a 50-day moving average of $7.56 and a 200-day moving average of $6.99. The firm’s market capitalization is $1.68 billion. Viavi Solutions Inc. has a 1-year low of $4.68 and a 1-year 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, beating the Zacks’ consensus estimate 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 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 company earned $0.13 earnings per share. On average, equities analysts predict that Viavi Solutions Inc. will post $0.35 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research report on Tuesday, September 20th. MKM Partners reiterated a “buy” rating and issued a $8.50 target price on shares of Viavi Solutions in a research report 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 lowered 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 set 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 issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $7.45.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Nuveen Asset Management LLC purchased a new position in shares of Viavi Solutions during the second quarter worth about $103,000. Legal & General Group Plc boosted 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 in the last quarter. Hsbc Holdings PLC boosted 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 in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Viavi Solutions during the second quarter worth about $121,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Viavi Solutions during the second quarter worth about $130,000. Hedge funds and other institutional investors own 87.21% of the company’s stock.
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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