November 24, 2016 - By Clifton Ray
The SVP General Manager OSP of Viavi Solutions Inc, Luke Scrivanich is in the stock market news today. It was shown in a form filled by Luke Scrivanich and submitted to the Washington-based SEC on 23/11/2016, he sold 3,592 shares from the company valued at near $28,341 US Dollars. The unloaded shares average price was $7.9. Currently, Luke Scrivanich has ownership of 18,938 shares or 0.01% of the Company’s market capitalization.
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 firm has “Buy” rating given on Monday, June 6 by M Partners. The firm has “Buy” rating by B. Riley & Co given on Wednesday, August 5. The stock has “Outperform” rating given by RBC Capital Markets on Monday, August 10. The stock of Viavi Solutions Inc (NASDAQ:VIAV) earned “Hold” rating by Craig Hallum on Wednesday, August 12. The stock has “Outperform” rating given by William Blair on Friday, August 14. The stock of Viavi Solutions Inc (NASDAQ:VIAV) earned “Buy” rating by UBS on Thursday, August 13. Jefferies maintained Viavi Solutions Inc (NASDAQ:VIAV) on Friday, August 14 with “Hold” rating. Craig-Hallum downgraded the stock to “Buy” rating in Wednesday, August 12 report. The firm has “Overweight” rating by JP Morgan given on Tuesday, October 11.
Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down Infinity, from Infinity in 2016Q1. The ratio turned negative, 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.
The Ohio-based Huntington Fincl Bank has invested 0% in Viavi Solutions Inc (NASDAQ:VIAV). Focused Wealth Mgmt last reported 0% of its portfolio in the stock.
Insider Transactions: Since August 15, 2016, the stock had 0 buys, and 21 insider sales for $2.59 million net activity. $344,147 worth of Viavi Solutions Inc (NASDAQ:VIAV) was sold by RONDINONE RALPH on Thursday, September 29. Shares for $112,495 were sold by McNab Paul. $118,245 worth of Viavi Solutions Inc (NASDAQ:VIAV) shares were sold by SPRADLEY SUSAN LOUISE. 12,466 Viavi Solutions Inc (NASDAQ:VIAV) shares with value of $97,110 were sold by Joannou Dion. Siebert Kevin Christopher also sold $19,860 worth of Viavi Solutions Inc (NASDAQ:VIAV) on Wednesday, August 17. $113,037 worth of shares were sold by SCRIVANICH LUKE M on Saturday, August 20.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Clifton Ray