Insider Watch Reporter: Reasons for Kevin Siebert’s Shares Sale of Viavi Solutions Inc (NASDAQ:VIAV)’s Stock

November 24, 2016 - By Marie Mckinney

Insider Watch Reporter: Reasons for Kevin Siebert's Shares Sale of Viavi Solutions Inc (NASDAQ:VIAV)'s Stock

Kevin Siebert Insider Sell

Calculated with average price per share of $7.9, Kevin Siebert, the Viavi Solutions Inc’s VP General Counsel & Secretary made a sale of 2,193 shares of Viavi Solutions Inc worth nearly $17,303 USD. The Form 4 was revealed in a filing dated November 23, 2016 with the SEC.

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

Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. 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.

Focused Wealth Mgmt holds 0% of its portfolio in Viavi Solutions Inc (NASDAQ:VIAV) for 674 shares. Huntington Bank & Trust holds 751 shares or 0% of its portfolio.

Insider Transactions: Since August 15, 2016, the stock had 0 buys, and 21 sales for $2.59 million net activity. 43,058 shares were sold by SPRADLEY SUSAN LOUISE, worth $314,754 on Thursday, September 29. Another trade for 15,202 shares valued at $112,495 was sold by McNab Paul. Siebert Kevin Christopher had sold 2,193 shares worth $17,303 on Monday, November 21. Shares for $250,726 were sold by SCRIVANICH LUKE M. $138,071 worth of shares were sold by Joannou Dion on Thursday, September 29. On Monday, August 15 the insider RONDINONE RALPH sold $80,249.

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 earnings per share, 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 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.

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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