Insider Selling: Viavi Solutions Inc. (NASDAQ:VIAV) Director Sells 15,000 Shares of Stock

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) Director Masood Jabbar sold 15,000 shares of the business's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $9.17, for a total value of $137,550.00. Following the completion of the transaction, the director now directly owns 213,514 shares in the company, valued at $1,957,923.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, September 16th, Masood Jabbar sold 15,000 shares of Viavi Solutions stock. The stock was sold at an average price of $8.20, for a total value of $123,000.00.
• On Wednesday, August 21st, Masood Jabbar sold 30,000 shares of Viavi Solutions stock. The stock was sold at an average price of $8.17, for a total value of $245,100.00.

Viavi Solutions Trading Up 0.1 %

Shares of VIAV traded up $0.01 during trading hours on Tuesday, reaching $9.20. The stock had a trading volume of 1,657,818 shares, compared to its average volume of 1,791,089. The company has a quick ratio of 3.16, a current ratio of 3.55 and a debt-to-equity ratio of 0.93. Viavi Solutions Inc. has a 52 week low of $6.60 and a 52 week high of $11.32. The firm has a 50-day moving average of $8.40 and a 200 day moving average of $7.95. The company has a market cap of $2.05 billion, a P/E ratio of -460.00 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The communications equipment provider reported $0.02 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. Viavi Solutions had a negative net margin of 2.58% and a positive return on equity of 3.81%. The business had revenue of $252.00 million during the quarter, compared to analysts' expectations of $251.83 million. On average, sell-side analysts expect that Viavi Solutions Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Trading of Viavi Solutions

A number of large investors have recently made changes to their positions in VIAV. Sequoia Financial Advisors LLC increased its holdings in Viavi Solutions by 11.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 17,326 shares of the communications equipment provider's stock worth $157,000 after purchasing an additional 1,756 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Viavi Solutions by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 112,300 shares of the communications equipment provider's stock worth $772,000 after buying an additional 2,100 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Viavi Solutions by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 194,787 shares of the communications equipment provider's stock worth $1,771,000 after buying an additional 2,754 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Viavi Solutions by 15.6% during the 1st quarter. QRG Capital Management Inc. now owns 21,340 shares of the communications equipment provider's stock worth $194,000 after buying an additional 2,883 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Viavi Solutions by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 44,645 shares of the communications equipment provider's stock worth $406,000 after buying an additional 3,072 shares during the last quarter. Institutional investors own 95.54% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on VIAV. Needham & Company LLC reaffirmed a "hold" rating on shares of Viavi Solutions in a report on Friday, August 9th. Rosenblatt Securities downgraded Viavi Solutions from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $10.00 to $8.25 in a report on Wednesday, June 26th. B. Riley reduced their price objective on Viavi Solutions from $9.00 to $8.50 and set a "neutral" rating on the stock in a report on Friday, August 9th. StockNews.com raised Viavi Solutions from a "hold" rating to a "buy" rating in a report on Tuesday, September 10th. Finally, Stifel Nicolaus reduced their price objective on Viavi Solutions from $13.00 to $10.50 and set a "buy" rating on the stock in a report on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Viavi Solutions presently has an average rating of "Moderate Buy" and an average target price of $10.71.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.