Viavi Solutions Inc. (NASDAQ:VIAV) Director Richard Belluzzo sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $9.00, for a total value of $90,000.00. Following the completion of the transaction, the director now owns 195,651 shares of the company’s stock, valued at $1,760,859. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Richard Belluzzo also recently made the following trade(s):

  • On Tuesday, November 21st, Richard Belluzzo sold 10,000 shares of Viavi Solutions stock. The shares were sold at an average price of $9.00, for a total value of $90,000.00.
  • On Friday, October 13th, Richard Belluzzo sold 10,000 shares of Viavi Solutions stock. The shares were sold at an average price of $9.54, for a total value of $95,400.00.

Viavi Solutions Inc. (NASDAQ:VIAV) traded down $0.03 during mid-day trading on Wednesday, hitting $8.82. The stock had a trading volume of 2,303,300 shares, compared to its average volume of 3,025,262. The firm has a market cap of $2,012.68, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 1.45 and a beta of 1.19. 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 Inc. has a 1-year low of $8.13 and a 1-year high of $11.89.

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

Several research analysts have weighed in on VIAV shares. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a report on Thursday, October 12th. Stifel Nicolaus reiterated a “hold” rating on shares of Viavi Solutions in a report on Tuesday, October 24th. Rosenblatt Securities set a $13.00 price target on Viavi Solutions and gave the company a “buy” rating in a report on Wednesday, December 13th. Finally, Zacks Investment Research downgraded Viavi Solutions from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.50.

Several hedge funds have recently added to or reduced their stakes in VIAV. Hartford Investment Management Co. acquired a new stake in shares of Viavi Solutions during the 3rd quarter worth $102,000. Commonwealth Equity Services Inc acquired a new stake in shares of Viavi Solutions during the 3rd quarter worth $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 buying an additional 1,003 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in shares of Viavi Solutions during the 2nd quarter worth $123,000. Finally, Sciencast Management LP acquired a new stake in shares of Viavi Solutions during the 2nd quarter worth $146,000. Institutional investors and hedge funds own 92.40% of the company’s stock.

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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.

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

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