Viavi Solutions Inc. (NASDAQ:VIAV – Get Rating) SVP Luke M. Scrivanich sold 21,027 shares of the stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $13.03, for a total value of $273,981.81. Following the sale, the senior vice president now owns 43,995 shares in the company, valued at approximately $573,254.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $13.03 on Tuesday. The firm has a market capitalization of $2.95 billion, a P/E ratio of 260.60 and a beta of 0.77. The company has a quick ratio of 2.42, a current ratio of 2.72 and a debt-to-equity ratio of 0.92. The stock's 50-day simple moving average is $14.51 and its two-hundred day simple moving average is $14.54. Viavi Solutions Inc. has a twelve month low of $12.65 and a twelve month high of $18.14.

Viavi Solutions (NASDAQ:VIAV – Get Rating) last announced its earnings results on Thursday, August 11th. The communications equipment provider reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. The business had revenue of $335.30 million for the quarter, compared to analyst estimates of $320.62 million. Viavi Solutions had a return on equity of 23.68% and a net margin of 1.20%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS. As a group, equities analysts anticipate that Viavi Solutions Inc. will post 0.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Hedge Funds Weigh In On Viavi Solutions

Institutional investors have recently modified their holdings of the company. CWM LLC increased its position in shares of Viavi Solutions by 46.2% during the 1st quarter. CWM LLC now owns 3,987 shares of the communications equipment provider's stock valued at $64,000 after purchasing an additional 1,260 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Viavi Solutions by 37.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,584 shares of the communications equipment provider's stock valued at $61,000 after purchasing an additional 1,244 shares during the last quarter. US Bancorp DE increased its position in shares of Viavi Solutions by 36.6% during the 2nd quarter. US Bancorp DE now owns 6,686 shares of the communications equipment provider's stock valued at $88,000 after purchasing an additional 1,793 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of Viavi Solutions during the 2nd quarter valued at about $140,000. Finally, Cornerstone Investment Partners LLC bought a new position in shares of Viavi Solutions during the 1st quarter valued at about $182,000. 92.83% of the stock is currently owned by institutional investors.

Viavi Solutions Company Profile

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Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, original equipment manufacturers, government, 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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