Viavi Solutions Inc (NASDAQ:VIAV) CFO Amar Maletira Sells 60,465 Shares

Viavi Solutions Inc (NASDAQ:VIAV) CFO Amar Maletira sold 60,465 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $15.82, for a total value of $956,556.30. Following the completion of the sale, the chief financial officer now owns 244,206 shares of the company’s stock, valued at $3,863,338.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Amar Maletira also recently made the following trade(s):

  • On Wednesday, November 6th, Amar Maletira sold 84,685 shares of Viavi Solutions stock. The shares were sold at an average price of $15.89, for a total value of $1,345,644.65.
  • On Monday, November 4th, Amar Maletira sold 37,700 shares of Viavi Solutions stock. The shares were sold at an average price of $16.10, for a total value of $606,970.00.

Shares of NASDAQ VIAV opened at $15.88 on Friday. Viavi Solutions Inc has a fifty-two week low of $9.17 and a fifty-two week high of $16.35. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 30.54 and a beta of 1.08. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.88 and a current ratio of 3.24. The firm’s 50-day simple moving average is $14.68 and its 200 day simple moving average is $13.91.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, October 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. Viavi Solutions had a net margin of 2.37% and a return on equity of 17.53%. The business had revenue of $299.80 million for the quarter, compared to analysts’ expectations of $287.31 million. During the same quarter last year, the firm earned $0.15 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, sell-side analysts predict that Viavi Solutions Inc will post 0.56 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank lifted its position in shares of Viavi Solutions by 0.3% during the 3rd quarter. Comerica Bank now owns 215,931 shares of the communications equipment provider’s stock worth $3,205,000 after buying an additional 708 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Viavi Solutions by 1.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 77,849 shares of the communications equipment provider’s stock worth $1,034,000 after buying an additional 1,061 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Viavi Solutions by 88.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,354 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 1,105 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Viavi Solutions by 1.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 68,200 shares of the communications equipment provider’s stock worth $906,000 after buying an additional 1,240 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Viavi Solutions by 0.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 148,459 shares of the communications equipment provider’s stock worth $1,973,000 after buying an additional 1,274 shares in the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on VIAV shares. Rosenblatt Securities restated a “buy” rating and issued a $17.00 target price on shares of Viavi Solutions in a research note on Thursday, October 31st. B. Riley restated a “buy” rating and issued a $16.00 target price on shares of Viavi Solutions in a research note on Friday, August 16th. Stifel Nicolaus set a $15.00 target price on Viavi Solutions and gave the company a “buy” rating in a research note on Friday, August 16th. Susquehanna Bancshares started coverage on Viavi Solutions in a research note on Friday, October 18th. They issued a “positive” rating and a $19.00 target price for the company. Finally, Zacks Investment Research upgraded Viavi Solutions from a “sell” rating to a “hold” rating and set a $16.00 target price for the company in a research note on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $15.89.

Viavi Solutions Company Profile

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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