Viavi Solutions Inc. (NASDAQ:VIAV) SVP Luke M. Scrivanich sold 3,920 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $8.97, for a total transaction of $35,162.40. Following the transaction, the senior vice president now owns 27,629 shares in the company, valued at $247,832.13. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Viavi Solutions Inc. (NASDAQ VIAV) traded up $0.15 during trading hours on Wednesday, hitting $9.09. 1,500,800 shares of the company’s stock were exchanged, compared to its average volume of 3,077,804. Viavi Solutions Inc. has a 1 year low of $7.56 and a 1 year high of $11.89. The firm has a market cap of $2,033.15, a price-to-earnings ratio of 29.80, a PEG ratio of 1.47 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.20.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.06. Viavi Solutions had a net margin of 10.57% and a return on equity of 8.99%. The firm had revenue of $195.20 million for the quarter, compared to analyst estimates of $183.89 million. During the same quarter in the prior year, the business posted $0.09 EPS. The business’s revenue was down 7.4% compared to the same quarter last year. analysts forecast that Viavi Solutions Inc. will post 0.31 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the business. GSA Capital Partners LLP grew its position in shares of Viavi Solutions by 54.5% during the 3rd quarter. GSA Capital Partners LLP now owns 77,068 shares of the communications equipment provider’s stock worth $729,000 after purchasing an additional 27,192 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of Viavi Solutions by 6.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,038,961 shares of the communications equipment provider’s stock worth $19,289,000 after purchasing an additional 127,313 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Viavi Solutions by 163.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 79,182 shares of the communications equipment provider’s stock worth $749,000 after purchasing an additional 49,158 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of Viavi Solutions during the 3rd quarter worth approximately $656,000. Finally, Graticule Asia Macro Advisors LLC acquired a new position in shares of Viavi Solutions during the 3rd quarter worth approximately $4,660,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

VIAV has been the topic of a number of research reports. Zacks Investment Research lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. BidaskClub lowered shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. TheStreet lowered shares of Viavi Solutions from a “b” rating to a “c+” rating in a research note on Tuesday, August 1st. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research note on Thursday, October 12th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Viavi Solutions in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $12.78.

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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