Viavi Solutions Inc. (NASDAQ:VIAV) Director Timothy Campos sold 30,801 shares of Viavi Solutions stock in a transaction that occurred on Monday, April 19th. The shares were sold at an average price of $16.53, for a total transaction of $509,140.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of VIAV stock traded up $0.30 during trading on Wednesday, reaching $16.85. 1,676,156 shares of the company’s stock traded hands, compared to its average volume of 2,084,725. The company has a market capitalization of $3.85 billion, a P/E ratio of 103.48 and a beta of 0.82. The company has a current ratio of 4.23, a quick ratio of 3.84 and a debt-to-equity ratio of 0.80. The firm’s 50-day moving average is $16.19 and its 200 day moving average is $14.87. Viavi Solutions Inc. has a 1 year low of $10.44 and a 1 year high of $17.13.
Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Tuesday, February 2nd. The communications equipment provider reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The company had revenue of $299.90 million for the quarter, compared to analysts’ expectations of $290.49 million. Viavi Solutions had a net margin of 3.23% and a return on equity of 18.19%. Viavi Solutions’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS. As a group, sell-side analysts predict that Viavi Solutions Inc. will post 0.57 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on VIAV shares. B. Riley upped their price objective on shares of Viavi Solutions from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, February 1st. MKM Partners assumed coverage on shares of Viavi Solutions in a research report on Tuesday, January 26th. They set a “buy” rating and a $20.00 target price for the company. TheStreet raised shares of Viavi Solutions from a “c+” rating to a “b-” rating in a research report on Tuesday, January 26th. Zacks Investment Research downgraded shares of Viavi Solutions from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research report on Thursday, January 7th. Finally, Needham & Company LLC increased their target price on shares of Viavi Solutions from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $17.56.
Viavi Solutions Company Profile
Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, government, civil, military, and avionics customers worldwide. The company operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP) segments.
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