Kevin Christopher Siebert Sells 2,193 Shares of Viavi Solutions Inc. (VIAV) Stock
Viavi Solutions Inc. (NASDAQ:VIAV) VP Kevin Christopher Siebert sold 2,193 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $7.89, for a total transaction of $17,302.77. Following the transaction, the vice president now directly owns 2,177 shares of the company’s stock, valued at approximately $17,176.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Kevin Christopher Siebert also recently made the following trade(s):
- On Friday, September 30th, Kevin Christopher Siebert sold 8,696 shares of Viavi Solutions stock. The shares were sold at an average price of $7.31, for a total transaction of $63,567.76.
Shares of Viavi Solutions Inc. (NASDAQ:VIAV) traded up 1.51% during mid-day trading on Wednesday, reaching $8.05. 1,957,064 shares of the company’s stock traded hands. The stock has a market capitalization of $1.85 billion, a PE ratio of 39.46 and a beta of 1.59. The company’s 50-day moving average price is $7.47 and its 200-day moving average price is $7.19. Viavi Solutions Inc. has a 12-month low of $4.68 and a 12-month high of $8.07.
Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Tuesday, November 1st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business earned $210.80 million during the quarter, compared to analysts’ expectations of $208.14 million. Viavi Solutions had a net margin of 5.16% and a return on equity of 8.25%. The company’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. Analysts anticipate that Viavi Solutions Inc. will post $0.33 earnings per share for the current year.
A number of research analysts recently commented on VIAV shares. B. Riley reaffirmed a “neutral” rating and issued a $6.75 price target on shares of Viavi Solutions in a report on Wednesday, August 10th. Jefferies Group increased their price target on shares of Viavi Solutions from $5.75 to $7.00 and gave the company a “hold” rating in a report on Friday, August 12th. Morgan Stanley reaffirmed a “hold” rating and issued a $6.00 price target on shares of Viavi Solutions in a report on Friday, August 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a report on Monday, August 15th. Finally, Zacks Investment Research raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Viavi Solutions has an average rating of “Hold” and a consensus target price of $7.83.
Several hedge funds have recently added to or reduced their stakes in the company. DIAM Co. Ltd. boosted its stake in Viavi Solutions by 3.5% in the second quarter. DIAM Co. Ltd. now owns 38,800 shares of the company’s stock worth $257,000 after buying an additional 1,300 shares in the last quarter. SG Americas Securities LLC boosted its stake in Viavi Solutions by 15.4% in the second quarter. SG Americas Securities LLC now owns 1,058,670 shares of the company’s stock worth $7,019,000 after buying an additional 141,461 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in Viavi Solutions during the second quarter worth approximately $9,786,000. Societe Generale bought a new stake in Viavi Solutions during the second quarter worth approximately $7,019,000. Finally, Chicago Equity Partners LLC boosted its stake in Viavi Solutions by 13.0% in the second quarter. Chicago Equity Partners LLC now owns 487,350 shares of the company’s stock worth $3,231,000 after buying an additional 56,040 shares in the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.
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Viavi Solutions Company Profile
Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.
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