Insider Selling: Viavi Solutions Inc (VIAV) Director Sells $44,973.00 in Stock

Viavi Solutions Inc (NASDAQ:VIAV) Director Richard Belluzzo sold 4,997 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $9.00, for a total transaction of $44,973.00. Following the completion of the sale, the director now directly owns 190,654 shares of the company’s stock, valued at approximately $1,715,886. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, December 13th, Richard Belluzzo sold 10,000 shares of Viavi Solutions stock. The shares were sold at an average price of $9.00, for a total transaction of $90,000.00.
  • 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 transaction of $90,000.00.

Viavi Solutions Inc (NASDAQ VIAV) opened at $8.94 on Friday. Viavi Solutions Inc has a 1 year low of $8.34 and a 1 year high of $11.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.20 and a quick ratio of 2.10. The company has a market cap of $2,058.17, a PE ratio of 24.83, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20.

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

VIAV has been the subject of a number of analyst reports. Rosenblatt Securities set a $13.00 price objective on shares of Viavi Solutions and gave the company a “buy” rating in a report on Wednesday, December 13th. Stifel Nicolaus reissued a “hold” rating on shares of Viavi Solutions in a report on Tuesday, October 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research report on Thursday, October 12th. Finally, Zacks Investment Research cut shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Viavi Solutions presently has an average rating of “Hold” and a consensus target price of $12.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Stifel Financial Corp lifted its position in Viavi Solutions by 1.8% in the second quarter. Stifel Financial Corp now owns 52,454 shares of the communications equipment provider’s stock valued at $552,000 after buying an additional 933 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Viavi Solutions by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the communications equipment provider’s stock worth $112,000 after purchasing an additional 1,003 shares in the last quarter. Shelton Capital Management lifted its position in shares of Viavi Solutions by 8.8% during the second quarter. Shelton Capital Management now owns 22,881 shares of the communications equipment provider’s stock worth $241,000 after purchasing an additional 1,848 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Viavi Solutions by 10.6% during the second quarter. Cubist Systematic Strategies LLC now owns 30,024 shares of the communications equipment provider’s stock worth $316,000 after purchasing an additional 2,877 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Viavi Solutions by 0.8% during the second quarter. Nordea Investment Management AB now owns 599,400 shares of the communications equipment provider’s stock worth $6,312,000 after purchasing an additional 4,800 shares in the last quarter. 92.40% of the stock is currently owned by institutional investors.

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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.

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

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