Viavi Solutions Inc. (NASDAQ:VIAV) Director Masood Jabbar Sells 15,000 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) Director Masood Jabbar sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $8.20, for a total value of $123,000.00. Following the transaction, the director now directly owns 228,514 shares in the company, valued at $1,873,814.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Masood Jabbar also recently made the following trade(s):

• On Wednesday, August 21st, Masood Jabbar sold 30,000 shares of Viavi Solutions stock. The shares were sold at an average price of $8.17, for a total transaction of $245,100.00.

Viavi Solutions Trading Down 0.8 %

Shares of NASDAQ:VIAV opened at $8.31 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.55 and a quick ratio of 3.16. Viavi Solutions Inc. has a 1 year low of $6.60 and a 1 year high of $11.32. The company has a market cap of $1.84 billion, a P/E ratio of -415.50 and a beta of 0.91. The stock’s fifty day moving average price is $7.87 and its 200-day moving average price is $8.12.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, August 8th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Viavi Solutions had a negative net margin of 2.58% and a positive return on equity of 3.81%. The business had revenue of $252.00 million for the quarter, compared to analysts’ expectations of $251.83 million. Sell-side analysts expect that Viavi Solutions Inc. will post 0.17 earnings per share for the current year.

Institutional Investors Weigh In On Viavi Solutions

Large investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC increased its position in shares of Viavi Solutions by 11.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 17,326 shares of the communications equipment provider’s stock valued at $157,000 after purchasing an additional 1,756 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Viavi Solutions by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 112,300 shares of the communications equipment provider’s stock valued at $772,000 after buying an additional 2,100 shares during the last quarter. First National Bank of Omaha raised its position in Viavi Solutions by 5.4% in the fourth quarter. First National Bank of Omaha now owns 51,146 shares of the communications equipment provider’s stock worth $515,000 after acquiring an additional 2,633 shares during the period. Texas Permanent School Fund Corp raised its position in Viavi Solutions by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 194,787 shares of the communications equipment provider’s stock worth $1,771,000 after acquiring an additional 2,754 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Viavi Solutions by 2.5% during the 4th quarter. Victory Capital Management Inc. now owns 115,138 shares of the communications equipment provider’s stock worth $1,159,000 after acquiring an additional 2,797 shares during the last quarter. Institutional investors own 95.54% of the company’s stock.

Analysts Set New Price Targets

VIAV has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research report on Friday, August 9th. B. Riley lowered their price objective on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, August 9th. Stifel Nicolaus lowered their price objective on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating for the company in a research note on Tuesday, August 6th. StockNews.com raised Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Finally, Rosenblatt Securities lowered Viavi Solutions from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $8.25 in a research report on Wednesday, June 26th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Viavi Solutions has an average rating of “Moderate Buy” and a consensus target price of $10.71.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.