November 24, 2016 - By Linda Rogers
The SVP Global Operations NSE of Viavi Solutions Inc, Ralph Rondinone, has just sold – 3,579 shares of the company he’s managing and operating – coming to a cumulative sell value of $28,238 US Dollars (this based on avg share price of $7.9).
Out of 7 analysts covering Viavi Solutions Inc (NASDAQ:VIAV), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $12.25 is the highest target while $6 is the lowest. The $7.54 average target is -6.34% below today’s ($8.05) stock price. Viavi Solutions Inc has been the topic of 13 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was upgraded by JP Morgan to “Overweight” on Tuesday, October 11. The firm earned “Hold” rating on Wednesday, August 12 by Craig Hallum. As per Friday, August 14, the company rating was maintained by Jefferies. On Monday, June 6 the stock rating was maintained by M Partners with “Buy”. The firm has “Outperform” rating given on Friday, August 14 by William Blair. The company was downgraded on Wednesday, August 12 by Craig-Hallum. RBC Capital Markets downgraded the shares of VIAV in a report on Monday, August 10 to “Outperform” rating. The firm has “Buy” rating by B. Riley & Co given on Wednesday, August 5. The firm has “Buy” rating by UBS given on Thursday, August 13.
Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down Infinity, from Infinity in 2016Q1. The ratio dived, as 0 funds sold all Viavi Solutions Inc shares owned while 0 reduced positions. 1 funds bought stakes while 0 increased positions. They now own 2,850 shares or 89.75% more from 1,502 shares in 2016Q1.
Huntington National Bank holds 0% of its portfolio in Viavi Solutions Inc (NASDAQ:VIAV) for 751 shares. Focused Wealth Mgmt Inc has invested 0% of its portfolio in Viavi Solutions Inc (NASDAQ:VIAV).
Insider Transactions: Since August 15, 2016, the stock had 0 insider purchases, and 21 sales for $2.59 million net activity. SCRIVANICH LUKE M sold $28,341 worth of Viavi Solutions Inc (NASDAQ:VIAV) on Monday, November 21. Joannou Dion sold $138,071 worth of stock. Siebert Kevin Christopher sold 6,938 shares worth $53,631. The insider RONDINONE RALPH sold $344,147. On Monday, September 19 the insider McNab Paul sold $271,568. SPRADLEY SUSAN LOUISE sold $314,754 worth of stock or 43,058 shares.
The stock increased 1.51% or $0.12 during the last trading session, hitting $8.05. About 1.96M shares traded hands or 19.51% up from the average. Viavi Solutions Inc (NASDAQ:VIAV) has risen 21.23% since April 22, 2016 and is uptrending. It has outperformed by 15.91% the S&P500.
Viavi Solutions Inc. is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The company has a market cap of $1.87 billion. The Firm also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets. It has a 44.89 P/E ratio. The Company’s divisions include Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP).
According to Zacks Investment Research, “Viavi Solutions Inc. provides software and hardware platforms and instruments for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers and enterprises. The Company offers installation, commissioning, scripting, custom analytics, integration, business intelligence consulting, operational assistance, field and lab testing, technical training, maintenance, and support services. Its operating segment consists of Network and Service Enablement, Communications and Commercial Optical Products and Optical Security and Performance Products. Viavi Solutions Inc., formerly known as JDS Uniphase Corporation, is based in Milpitas, Calif.”
Analysts await Viavi Solutions Inc (NASDAQ:VIAV) to report earnings on February, 7. They expect $0.05 EPS, down 28.57% or $0.02 from last year’s $0.07 per share. VIAV’s profit will be $11.61M for 40.25 P/E if the $0.05 EPS becomes a reality. After $0.07 actual EPS reported by Viavi Solutions Inc for the previous quarter, Wall Street now forecasts -28.57% negative EPS growth.
More recent Viavi Solutions Inc (NASDAQ:VIAV) news were published by: Fool.com which released: “Viavi Solutions Inc. Stock Up 17% on Strong Earnings: Here’s What You Need to Know” on February 03, 2016. Also Businesswire.com published the news titled: “Sandell Releases Open Letter to CEO of Viavi Solutions Inc.” on August 16, 2016. Prnewswire.com‘s news article titled: “Research Reports Initiation on Communication Equipment Stocks — ARRIS, Viavi ..” with publication date: November 23, 2016 was also an interesting one.
Viavi Solutions Inc. (Viavi), incorporated on June 23, 1993, is a well-known provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Firm also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets. The Company’s divisions include Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP). The NE segment provides testing solutions that access the network to perform build-out and maintenance tasks. The SE segment offers solutions, which are embedded systems that yield network, service and application performance data. The OSP segment provides optical security solutions.
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By Linda Rogers