Viavi Solutions Inc. (NASDAQ:VIAV) SVP Ralph Rondinone sold 27,272 shares of Viavi Solutions stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $9.44, for a total transaction of $257,447.68. Following the transaction, the senior vice president now directly owns 22,738 shares of the company’s stock, valued at $214,646.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ralph Rondinone also recently made the following trade(s):

  • On Tuesday, August 22nd, Ralph Rondinone sold 4,569 shares of Viavi Solutions stock. The shares were sold at an average price of $9.83, for a total transaction of $44,913.27.

Viavi Solutions Inc. (VIAV) traded down 0.31% during trading on Tuesday, reaching $9.69. 1,307,917 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $9.95 and its 200-day moving average price is $10.60. The stock has a market cap of $2.20 billion, a P/E ratio of 13.71 and a beta of 1.31. Viavi Solutions Inc. has a one year low of $6.99 and a one year high of $11.89.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Tuesday, August 15th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Viavi Solutions had a return on equity of 8.46% and a net margin of 20.57%. The company had revenue of $198.10 million for the quarter, compared to analysts’ expectations of $196.22 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. On average, equities analysts anticipate that Viavi Solutions Inc. will post $0.41 earnings per share for the current fiscal year.

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A number of analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $14.00 price target on shares of Viavi Solutions in a report on Thursday, August 10th. Zacks Investment Research lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Viavi Solutions in a report on Thursday, August 3rd. MKM Partners lifted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, BidaskClub downgraded shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $12.34.

Several institutional investors have recently bought and sold shares of the stock. World Asset Management Inc boosted its stake in shares of Viavi Solutions by 1.1% in the second quarter. World Asset Management Inc now owns 14,912 shares of the communications equipment provider’s stock valued at $157,000 after buying an additional 155 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of Viavi Solutions by 0.4% during the 1st quarter. OppenheimerFunds Inc. now owns 67,211 shares of the communications equipment provider’s stock worth $720,000 after purchasing an additional 238 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Viavi Solutions by 2.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,336 shares of the communications equipment provider’s stock worth $193,000 after purchasing an additional 371 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Viavi Solutions by 1.8% during the 2nd quarter. Stifel Financial Corp now owns 52,454 shares of the communications equipment provider’s stock worth $552,000 after purchasing an additional 933 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Viavi Solutions by 10.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the communications equipment provider’s stock worth $112,000 after purchasing an additional 1,003 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Viavi Solutions (NASDAQ:VIAV)

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