Shares of Viavi Solutions Inc (NASDAQ:VIAV) hit a new 52-week high during trading on Wednesday . The stock traded as high as $14.95 and last traded at $14.95, with a volume of 2325933 shares. The stock had previously closed at $14.11.

Several analysts have commented on the stock. Northland Securities set a $16.00 price target on shares of Viavi Solutions and gave the stock a “buy” rating in a research note on Friday, August 16th. TheStreet cut shares of Viavi Solutions from a “b” rating to a “c+” rating in a research note on Tuesday, September 3rd. BidaskClub cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 24th. ValuEngine cut shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research reiterated a “sell” rating on shares of Viavi Solutions in a research note on Saturday, September 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $14.63.

The firm’s 50-day moving average price is $14.08 and its 200-day moving average price is $13.31. The company has a current ratio of 3.23, a quick ratio of 2.87 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $3.23 billion, a PE ratio of 28.47 and a beta of 1.02.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Thursday, August 15th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $289.70 million for the quarter, compared to analysts’ expectations of $279.18 million. Viavi Solutions had a net margin of 0.48% and a return on equity of 16.75%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. On average, equities research analysts predict that Viavi Solutions Inc will post 0.55 earnings per share for the current fiscal year.

In related news, CFO Amar Maletira sold 14,844 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $13.79, for a total transaction of $204,698.76. Following the transaction, the chief financial officer now directly owns 254,526 shares in the company, valued at approximately $3,509,913.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Luke M. Scrivanich sold 7,398 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $13.91, for a total transaction of $102,906.18. Following the transaction, the senior vice president now owns 46,295 shares in the company, valued at $643,963.45. The disclosure for this sale can be found here. Insiders have sold a total of 29,067 shares of company stock worth $403,984 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

A number of large investors have recently modified their holdings of VIAV. Geode Capital Management LLC grew its holdings in Viavi Solutions by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 2,548,290 shares of the communications equipment provider’s stock valued at $25,610,000 after purchasing an additional 157,575 shares during the last quarter. Bank of Montreal Can grew its holdings in Viavi Solutions by 16.6% during the 1st quarter. Bank of Montreal Can now owns 13,639 shares of the communications equipment provider’s stock valued at $169,000 after purchasing an additional 1,941 shares during the last quarter. SG Americas Securities LLC grew its holdings in Viavi Solutions by 25.1% during the 1st quarter. SG Americas Securities LLC now owns 15,934 shares of the communications equipment provider’s stock valued at $197,000 after purchasing an additional 3,198 shares during the last quarter. Rhumbline Advisers grew its holdings in Viavi Solutions by 1.0% during the 1st quarter. Rhumbline Advisers now owns 694,056 shares of the communications equipment provider’s stock valued at $8,592,000 after purchasing an additional 6,603 shares during the last quarter. Finally, Comerica Bank grew its holdings in Viavi Solutions by 1.9% during the 1st quarter. Comerica Bank now owns 226,840 shares of the communications equipment provider’s stock valued at $2,904,000 after purchasing an additional 4,226 shares during the last quarter. Institutional investors own 94.70% of the company’s stock.

About Viavi Solutions (NASDAQ:VIAV)

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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