Viavi Solutions Inc (NASDAQ:VIAV) SVP Ralph Rondinone sold 3,200 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $14.19, for a total value of $45,408.00. Following the sale, the senior vice president now directly owns 27,398 shares in the company, valued at $388,777.62. The sale was disclosed in a filing with the SEC, which is available through this link.

NASDAQ:VIAV traded down $0.06 during midday trading on Friday, hitting $14.11. 974,622 shares of the company traded hands, compared to its average volume of 2,194,236. The firm’s fifty day moving average is $14.10 and its 200-day moving average is $13.27. Viavi Solutions Inc has a 12-month low of $9.17 and a 12-month high of $14.95. The firm has a market capitalization of $3.21 billion, a P/E ratio of 27.13 and a beta of 1.02. The company has a current ratio of 3.23, a quick ratio of 2.87 and a debt-to-equity ratio of 0.80.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Thursday, August 15th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Viavi Solutions had a return on equity of 16.75% and a net margin of 0.48%. The company had revenue of $289.70 million for the quarter, compared to analyst estimates of $279.18 million. During the same quarter in the prior year, the firm posted $0.14 EPS. Viavi Solutions’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, research analysts expect that Viavi Solutions Inc will post 0.55 EPS for the current fiscal year.

VIAV has been the topic of several recent research reports. Zacks Investment Research cut Viavi Solutions from a “hold” rating to a “sell” rating in a report on Thursday, August 29th. Needham & Company LLC set a $15.00 price objective on Viavi Solutions and gave the stock a “buy” rating in a report on Friday, August 16th. BidaskClub cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 24th. TheStreet cut Viavi Solutions from a “b” rating to a “c+” rating in a report on Tuesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price objective on shares of Viavi Solutions in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Viavi Solutions has an average rating of “Buy” and an average target price of $14.50.

A number of large investors have recently added to or reduced their stakes in VIAV. 361 Capital LLC bought a new position in shares of Viavi Solutions during the 1st quarter worth $2,877,000. Bank of Montreal Can lifted its stake in shares of Viavi Solutions by 9,777.3% during the 2nd quarter. Bank of Montreal Can now owns 1,347,170 shares of the communications equipment provider’s stock worth $17,904,000 after purchasing an additional 1,333,531 shares during the last quarter. Parametrica Management Ltd purchased a new stake in shares of Viavi Solutions during the 1st quarter worth $257,000. Penserra Capital Management LLC purchased a new stake in shares of Viavi Solutions during the 1st quarter worth $110,000. Finally, Rothschild & Co. Asset Management US Inc. purchased a new stake in shares of Viavi Solutions during the 1st quarter worth $26,300,000. Institutional investors own 97.72% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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