Viavi Solutions Inc. (NASDAQ:VIAV – Get Rating) SVP Kevin Christopher Siebert sold 1,170 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $14.58, for a total value of $17,058.60. Following the completion of the transaction, the senior vice president now directly owns 40,765 shares in the company, valued at $594,353.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Viavi Solutions stock opened at $15.05 on Friday. The firm has a fifty day moving average price of $14.84 and a two-hundred day moving average price of $15.87. Viavi Solutions Inc. has a fifty-two week low of $13.73 and a fifty-two week high of $18.14. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.02 and a quick ratio of 3.58. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of -501.67 and a beta of 0.73.

Viavi Solutions (NASDAQ:VIAV – Get Rating) last issued its earnings results on Tuesday, May 3rd. The communications equipment provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. Viavi Solutions had a negative net margin of 0.23% and a positive return on equity of 22.22%. The firm had revenue of $315.50 million during the quarter, compared to the consensus estimate of $309.30 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts expect that Viavi Solutions Inc. will post 0.74 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of VIAV. Xponance Inc. raised its holdings in Viavi Solutions by 5.1% during the 4th quarter. Xponance Inc. now owns 12,803 shares of the communications equipment provider’s stock valued at $226,000 after buying an additional 623 shares during the period. Metropolitan Life Insurance Co NY raised its stake in shares of Viavi Solutions by 1.2% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 60,815 shares of the communications equipment provider’s stock worth $1,072,000 after buying an additional 694 shares in the last quarter. First Horizon Advisors Inc. increased its position in Viavi Solutions by 89.3% during the fourth quarter. First Horizon Advisors Inc. now owns 1,505 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 710 shares in the last quarter. First Republic Investment Management Inc. lifted its stake in shares of Viavi Solutions by 3.5% during the third quarter. First Republic Investment Management Inc. now owns 22,298 shares of the communications equipment provider’s stock worth $351,000 after purchasing an additional 756 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Viavi Solutions by 4.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 23,076 shares of the communications equipment provider’s stock valued at $407,000 after buying an additional 991 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

Several equities analysts have recently weighed in on the company. B. Riley raised their target price on Viavi Solutions from $19.50 to $21.00 in a research report on Friday, February 4th. TheStreet cut Viavi Solutions from a “b” rating to a “c+” rating in a research note on Wednesday, March 9th. Finally, StockNews.com downgraded Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 5th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Viavi Solutions currently has an average rating of “Buy” and an average price target of $19.67.

Viavi Solutions Company Profile (Get Rating)

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