Insider Selling: Viavi Solutions Inc (VIAV) SVP Sells $56,567.07 in Stock

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Viavi Solutions Inc (NASDAQ:VIAV) SVP Ralph Rondinone sold 4,949 shares of the company’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $11.43, for a total value of $56,567.07. Following the sale, the senior vice president now directly owns 24,695 shares in the company, valued at approximately $282,263.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ralph Rondinone also recently made the following trade(s):

  • On Thursday, August 23rd, Ralph Rondinone sold 1,442 shares of Viavi Solutions stock. The stock was sold at an average price of $11.30, for a total value of $16,294.60.

Viavi Solutions stock opened at $11.30 on Friday. Viavi Solutions Inc has a twelve month low of $8.34 and a twelve month high of $11.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.43 and a current ratio of 2.05. The firm has a market cap of $2.48 billion, a PE ratio of 33.22 and a beta of 0.94.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Tuesday, August 14th. The communications equipment provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $264.00 million during the quarter, compared to the consensus estimate of $255.10 million. Viavi Solutions had a negative net margin of 5.22% and a positive return on equity of 11.57%. The company’s revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. analysts predict that Viavi Solutions Inc will post 0.46 EPS for the current year.

A number of analysts have recently weighed in on the company. B. Riley upped their price objective on Viavi Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. Needham & Company LLC raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $13.50 price objective on the stock in a research report on Monday, August 13th. William Blair reaffirmed a “buy” rating on shares of Viavi Solutions in a research report on Wednesday, August 15th. BidaskClub lowered Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Deutsche Bank assumed coverage on Viavi Solutions in a research report on Thursday, June 7th. They set a “hold” rating and a $10.50 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $11.29.

Hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new position in shares of Viavi Solutions during the second quarter worth $307,000. Zweig DiMenna Associates LLC acquired a new position in shares of Viavi Solutions during the first quarter worth $4,568,000. Segall Bryant & Hamill LLC acquired a new position in shares of Viavi Solutions during the second quarter worth $4,849,000. Swiss National Bank grew its stake in shares of Viavi Solutions by 3.7% during the first quarter. Swiss National Bank now owns 396,000 shares of the communications equipment provider’s stock worth $3,849,000 after purchasing an additional 14,100 shares in the last quarter. Finally, Ratan Capital Management LP grew its stake in shares of Viavi Solutions by 54.2% during the first quarter. Ratan Capital Management LP now owns 2,275,551 shares of the communications equipment provider’s stock worth $22,118,000 after purchasing an additional 800,309 shares in the last quarter. Hedge funds and other institutional investors own 91.18% of the company’s stock.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, and enterprises and their ecosystems worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments. The Network Enablement segment offers testing solutions that access the network to perform build-out and maintenance tasks.

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