Commonwealth Equity Services Inc bought a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,781 shares of the communications equipment provider’s stock, valued at approximately $111,000.

Several other large investors also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 valued at $112,000 after buying an additional 1,003 shares during the last quarter. Creative Planning lifted its position in shares of Viavi Solutions by 177.9% during the 2nd quarter. Creative Planning now owns 11,302 shares of the communications equipment provider’s stock valued at $119,000 after buying an additional 7,235 shares during the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of Viavi Solutions during the 2nd quarter valued at $123,000. Sciencast Management LP purchased a new position in shares of Viavi Solutions during the 2nd quarter valued at $146,000. Finally, World Asset Management Inc lifted its position in shares of Viavi Solutions by 1.1% during the 2nd 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 during the last quarter. 92.49% of the stock is currently owned by institutional investors.

In other Viavi Solutions news, Director Richard Belluzzo sold 10,000 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $9.54, for a total value of $95,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Mcnab sold 27,936 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $9.87, for a total value of $275,728.32. Following the completion of the sale, the executive vice president now owns 44,755 shares of the company’s stock, valued at approximately $441,731.85. The disclosure for this sale can be found here. Insiders have sold a total of 94,610 shares of company stock valued at $897,523 over the last 90 days. 0.59% of the stock is currently owned by company insiders.

VIAV has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research note on Thursday, October 12th. Zacks Investment Research lowered Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Stifel Nicolaus restated a “hold” rating on shares of Viavi Solutions in a research note on Tuesday, October 24th. BidaskClub lowered Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, MKM Partners upped their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Viavi Solutions currently has an average rating of “Hold” and a consensus price target of $12.78.

Shares of Viavi Solutions Inc. (VIAV) opened at $8.89 on Wednesday. The firm has a market capitalization of $2,030.87, a PE ratio of 29.77, a P/E/G ratio of 1.46 and a beta of 1.19. Viavi Solutions Inc. has a fifty-two week low of $7.90 and a fifty-two week high of $11.89. The company has a current ratio of 2.20, a quick ratio of 2.10 and a debt-to-equity ratio of 0.47.

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

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About Viavi Solutions

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.

Institutional Ownership by Quarter for Viavi Solutions (NASDAQ:VIAV)

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