Viavi Solutions Inc. (VIAV) SVP Luke M. Scrivanich Sells 3,920 Shares
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.
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.
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