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

Viavi Solutions Inc. (NASDAQ:VIAV) Director Masood Jabbar sold 30,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were 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 of the company’s stock, valued at approximately $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction of $152,100.00.

Viavi Solutions Stock Up 0.5 %

Shares of VIAV opened at $10.14 on Thursday. The company has a market cap of $2.25 billion, a PE ratio of -59.64 and a beta of 0.91. The business has a fifty day moving average of $10.25 and a 200 day moving average of $9.00. Viavi Solutions Inc. has a 52-week low of $6.60 and a 52-week high of $11.49. The company has a quick ratio of 3.31, a current ratio of 3.71 and a debt-to-equity ratio of 0.91.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results 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. The company had revenue of $238.20 million during the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. Viavi Solutions’s revenue was down 3.9% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share. On average, sell-side analysts expect that Viavi Solutions Inc. will post 0.19 EPS for the current year.

Institutional Trading of Viavi Solutions

Institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in shares of Viavi Solutions by 3.8% during the second quarter. Rhumbline Advisers now owns 726,702 shares of the communications equipment provider’s stock worth $4,992,000 after purchasing an additional 26,681 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Viavi Solutions by 98,561.6% during the second quarter. Federated Hermes Inc. now owns 187,457 shares of the communications equipment provider’s stock worth $1,288,000 after purchasing an additional 187,267 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Viavi Solutions by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 5,818,337 shares of the communications equipment provider’s stock worth $39,972,000 after purchasing an additional 661,450 shares during the last quarter. Edgestream Partners L.P. lifted its position in shares of Viavi Solutions by 31.0% during the second quarter. Edgestream Partners L.P. now owns 164,974 shares of the communications equipment provider’s stock worth $1,133,000 after purchasing an additional 39,076 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Viavi Solutions during the second quarter worth $202,000. 95.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VIAV shares. StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Northland Securities increased their target price on Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Rosenblatt Securities increased their target price on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. UBS Group started coverage on Viavi Solutions in a research report on Tuesday, November 19th. They set a “neutral” rating and a $10.60 target price for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.