Insider Holder Move: Dion Joannou just Sold 3,163 shares of Viavi Solutions Inc (NASDAQ:VIAV), be careful if you are long!

November 24, 2016 - By whatsonthorold

Insider Holder Move: Dion Joannou just Sold 3,163 shares of Viavi Solutions Inc (NASDAQ:VIAV), be careful if you are long!

Dion Joannou Insider Sell

3,163 shares of Viavi Solutions Inc were unloaded by Dion Joannou, the firm’s SVP Global Sales NSE. Dion Joannou’s shares are valued at close to $24,956 which has been calculated on the basis of the average transactions stock price ($7.9 for share).

Viavi Solutions Inc (NASDAQ:VIAV) Ratings Coverage

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 Monday, June 6 the stock rating was maintained by M Partners with “Buy”. The firm has “Overweight” rating given on Tuesday, October 11 by JP Morgan. The company was downgraded on Wednesday, August 12 by Craig-Hallum. B. Riley & Co upgraded Viavi Solutions Inc (NASDAQ:VIAV) on Wednesday, August 5 to “Buy” rating. The rating was initiated by UBS on Thursday, August 13 with “Buy”. RBC Capital Markets downgraded Viavi Solutions Inc (NASDAQ:VIAV) on Monday, August 10 to “Outperform” rating. The firm has “Hold” rating by Craig Hallum given on Wednesday, August 12. Jefferies maintained the shares of VIAV in a report on Friday, August 14 with “Hold” rating. William Blair reinitiated the shares of VIAV in a report on Friday, August 14 with “Outperform” rating.

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 State Bank owns 751 shares or 0% of their US portfolio. Focused Wealth Mgmt accumulated 0% or 674 shares.

Insider Transactions: Since August 15, 2016, the stock had 0 insider buys, and 21 sales for $2.59 million net activity. Shares for $97,110 were sold by Joannou Dion. 47,079 shares were sold by RONDINONE RALPH, worth $344,147 on Thursday, September 29. On Thursday, September 29 the insider Siebert Kevin Christopher sold $63,568. Another trade for 34,299 shares valued at $250,726 was made by SCRIVANICH LUKE M on Thursday, September 29. Another trade for 15,766 shares valued at $118,245 was made by SPRADLEY SUSAN LOUISE on Monday, September 12. McNab Paul also sold $263,314 worth of Viavi Solutions Inc (NASDAQ:VIAV) on Wednesday, October 5.

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 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.

VIAV Company Profile

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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