Viavi Solutions Inc. (NASDAQ:VIAV) Director Masood Jabbar Sells 30,000 Shares

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) Director Masood Jabbar sold 30,000 shares of the company's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total transaction of $300,300.00. Following the sale, the director now directly owns 180,333 shares in the company, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Masood Jabbar also recently made the following trade(s):

• On Thursday, November 14th, Masood Jabbar sold 15,000 shares of Viavi Solutions stock. The shares were sold at an average price of $10.14, for a total value of $152,100.00.

Viavi Solutions Stock Up 1.7 %

Shares of NASDAQ:VIAV traded up $0.17 during midday trading on Tuesday, hitting $10.09. 1,199,290 shares of the company's stock were exchanged, compared to its average volume of 1,209,049. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.71 and a quick ratio of 3.31. Viavi Solutions Inc. has a 12 month low of $6.60 and a 12 month high of $11.49. The company has a market cap of $2.24 billion, a PE ratio of -59.35 and a beta of 0.91. The stock has a 50 day moving average price of $10.24 and a 200-day moving average price of $8.97.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The firm had revenue of $238.20 million for the quarter, compared to the consensus estimate of $240.09 million. During the same period in the previous year, the firm earned $0.05 EPS. The business's revenue for the quarter was down 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.19 EPS for the current fiscal year.

Institutional Trading of Viavi Solutions

Hedge funds have recently bought and sold shares of the business. Park Avenue Securities LLC boosted its stake in Viavi Solutions by 15.4% in the fourth quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider's stock valued at $136,000 after acquiring an additional 1,792 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Viavi Solutions by 5.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider's stock valued at $442,000 after buying an additional 2,277 shares during the period. nVerses Capital LLC grew its stake in shares of Viavi Solutions by 24.0% during the 3rd quarter. nVerses Capital LLC now owns 11,900 shares of the communications equipment provider's stock worth $107,000 after acquiring an additional 2,300 shares during the period. Capital Performance Advisors LLP purchased a new stake in Viavi Solutions in the 3rd quarter worth about $25,000. Finally, KBC Group NV increased its holdings in Viavi Solutions by 53.0% in the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider's stock worth $85,000 after acquiring an additional 3,252 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VIAV. StockNews.com upgraded Viavi Solutions from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th. Stifel Nicolaus increased their price target on shares of Viavi Solutions from $10.50 to $12.00 and gave the company a "buy" rating in a report on Monday, December 16th. Northland Securities boosted their price objective on Viavi Solutions from $11.00 to $13.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Rosenblatt Securities increased their target price on Viavi Solutions from $8.25 to $10.50 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Finally, UBS Group started coverage on Viavi Solutions in a research note on Tuesday, November 19th. They issued a "neutral" rating and a $10.60 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $10.44.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.