Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab Sells 4,762 Shares

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) EVP Paul Mcnab sold 4,762 shares of the business's stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $7.35, for a total transaction of $35,000.70. Following the completion of the transaction, the executive vice president now directly owns 49,777 shares in the company, valued at $365,860.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Paul Mcnab also recently made the following trade(s):

• On Tuesday, May 7th, Paul Mcnab sold 3,401 shares of Viavi Solutions stock. The shares were sold at an average price of $7.34, for a total value of $24,963.34.
• On Tuesday, March 12th, Paul Mcnab sold 15,004 shares of Viavi Solutions stock. The shares were sold at an average price of $10.62, for a total value of $159,342.48.

Viavi Solutions Price Performance

Viavi Solutions stock traded down $0.04 during midday trading on Monday, reaching $7.35. 1,116,542 shares of the stock were exchanged, compared to its average volume of 2,061,805. Viavi Solutions Inc. has a 52 week low of $7.10 and a 52 week high of $11.65. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.35 and a current ratio of 3.81. The firm has a market cap of $1.64 billion, a PE ratio of -367.25 and a beta of 0.97. The company's fifty day moving average is $8.89 and its 200-day moving average is $9.04.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The business had revenue of $246.00 million during the quarter, compared to analysts' expectations of $249.08 million. Viavi Solutions had a positive return on equity of 4.65% and a negative net margin of 0.42%. During the same quarter last year, the business posted $0.02 EPS. The company's quarterly revenue was down .7% on a year-over-year basis. On average, sell-side analysts forecast that Viavi Solutions Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com raised Viavi Solutions from a "hold" rating to a "buy" rating in a report on Friday, April 12th. Northland Securities lifted their target price on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 6th. Rosenblatt Securities dropped their price target on shares of Viavi Solutions from $13.00 to $10.00 and set a "buy" rating on the stock in a research note on Friday, May 3rd. Susquehanna lowered shares of Viavi Solutions from a "positive" rating to a "neutral" rating and set a $9.00 price objective for the company. in a research note on Friday, May 3rd. Finally, Morgan Stanley increased their target price on Viavi Solutions from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Viavi Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

Hedge Funds Weigh In On Viavi Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new stake in Viavi Solutions in the first quarter worth approximately $55,000. Park Avenue Securities LLC purchased a new stake in shares of Viavi Solutions during the first quarter valued at approximately $99,000. Coldstream Capital Management Inc. grew its holdings in shares of Viavi Solutions by 13.4% in the third quarter. Coldstream Capital Management Inc. now owns 11,922 shares of the communications equipment provider's stock worth $109,000 after purchasing an additional 1,411 shares during the last quarter. Versor Investments LP bought a new stake in Viavi Solutions during the 4th quarter valued at $110,000. Finally, Quadrant Capital Group LLC raised its holdings in Viavi Solutions by 49.0% during the 4th quarter. Quadrant Capital Group LLC now owns 12,019 shares of the communications equipment provider's stock valued at $121,000 after buying an additional 3,952 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company's stock.

Viavi Solutions Company Profile

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.