Today: Today, 3,981 Shares of Viavi Solutions Inc. (VIAV) Stock are sold by Susan Louise Spradley

Today, 3,981 Shares of Viavi Solutions Inc. (VIAV) Stock are sold by Susan Louise Spradley

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Susan Louise Spradley sold 3,981 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $7.89, for a total value of $31,410.09. Following the transaction, the senior vice president now directly owns 11,257 shares of the company’s stock, valued at $88,817.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Susan Louise Spradley also recently made the following trade(s): On Monday, September 12th, Susan Louise Spradley sold 15,766 shares of Viavi Solutions stock. The shares were sold at an average price of $7.50, for a total value of $118,245.00.

Viavi Solutions Inc. (NASDAQ:VIAV) opened at 8.05 on Friday. Viavi Solutions Inc. has a 1-year low of $4.68 and a 1-year high of $8.07. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 39.46 and a beta of 1.59. The firm’s 50-day moving average price is $7.47 and its 200-day moving average price is $7.19.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Tuesday, November 1st. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Viavi Solutions had a return on equity of 8.25% and a net margin of 5.16%. The firm had revenue of $210.80 million for the quarter, compared to the consensus estimate of $208.14 million. During the same quarter in the previous year, the business earned $0.08 EPS. The company’s revenue was down 8.2% compared to the same quarter last year. Equities research analysts forecast that Viavi Solutions Inc. will post $0.33 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Nuveen Asset Management LLC acquired a new position in shares of Viavi Solutions during the second quarter worth $103,000. Stevens Capital Management LP acquired a new position in shares of Viavi Solutions during the third quarter worth $110,000. World Asset Management Inc increased its position in shares of Viavi Solutions by 33.2% in the third quarter. World Asset Management Inc now owns 15,599 shares of the company’s stock worth $115,000 after buying an additional 3,886 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Viavi Solutions by 0.6% in the second quarter. Hsbc Holdings PLC now owns 17,438 shares of the company’s stock worth $116,000 after buying an additional 98 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Viavi Solutions during the second quarter worth $121,000. Hedge funds and other institutional investors own 88.08% of the company’s stock.

VIAV has been the subject of several recent research reports. Zacks Investment Research raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Wednesday, August 17th. MKM Partners reaffirmed a “buy” rating and issued a $8.50 price objective on shares of Viavi Solutions in a research report on Monday, September 19th. TheStreet raised Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research report on Tuesday, September 20th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Viavi Solutions in a research report on Friday, August 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.83.

Viavi Solutions Company Profile

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