November 24, 2016 - By Ruchi Gupta
The Viavi Solutions Inc’s SVP General Manager NSE, Susan Spradley, an insider unloaded – 3,981 Viavi Solutions Inc’s shares, based on the average price of $7.9 per every share. The company’s shares has a value of around $31,410 US Dollars. This deal was reported on November 23, 2016 and is already filed with the Security Exchange Commission. The source Form 4 is available for review to the public here. Susan Spradley possess about 0.00% of Viavi Solutions Inc’s total market cap or 6,977 shares.
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. On Tuesday, October 11 the stock rating was upgraded by JP Morgan to “Overweight”. As per Monday, August 10, the company rating was downgraded by RBC Capital Markets. The firm has “Outperform” rating by William Blair given on Friday, August 14. The rating was initiated by UBS on Thursday, August 13 with “Buy”. The rating was downgraded by Craig-Hallum to “Buy” on Wednesday, August 12. On Wednesday, August 12 the stock rating was downgraded by Craig Hallum to “Hold”. M Partners maintained Viavi Solutions Inc (NASDAQ:VIAV) on Monday, June 6 with “Buy” rating. The firm earned “Buy” rating on Wednesday, August 5 by B. Riley & Co. As per Friday, August 14, the company rating was maintained by Jefferies.
Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. Its down Infinity, from Infinity in 2016Q1. The ratio is 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.
Focused Wealth Mngmt accumulated 0% or 674 shares. The Ohio-based Huntington Bancshares has invested 0% in Viavi Solutions Inc (NASDAQ:VIAV).
Insider Transactions: Since August 15, 2016, the stock had 0 insider buys, and 21 sales for $2.59 million net activity. Shares for $112,495 were sold by McNab Paul on Thursday, September 29. Shares for $31,410 were sold by SPRADLEY SUSAN LOUISE. $113,037 worth of Viavi Solutions Inc (NASDAQ:VIAV) shares were sold by SCRIVANICH LUKE M. $24,956 worth of Viavi Solutions Inc (NASDAQ:VIAV) shares were sold by Joannou Dion. RONDINONE RALPH sold $344,147 worth of stock. Siebert Kevin Christopher had sold 6,938 shares worth $53,631.
The stock increased 1.51% or $0.12 during the last trading session, hitting $8.05. About 1.96 million 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 earnings per share, down 28.57% or $0.02 from last year’s $0.07 per share. VIAV’s profit will be $11.61 million for 40.25 P/E if the $0.05 EPS becomes a reality. After $0.07 actual earnings per share 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 Ruchi Gupta