Todays Trade: Viavi Solutions Inc (VIAV) EVP Sells $42647.04 in Stock

Owen Stevens
June 1, 2017

In Technology sector, shares of Viavi Solutions Inc. Zacks Investment Research now has $13.00 price objective on the communications equipment provider's stock. Now Viavi Solutions Inc.'s current price is $5.71 shy of the official highest sell-side analyst price target on Wall Street. Its operating segment consists of Network and Service Enablement, Communications and Commercial Optical Products and Optical Security and Performance Products.

Other analysts have also recently issued research reports about the stock. Rosenblatt Securities began coverage on Viavi Solutions in a research report on Tuesday, March 14th. They issued a buy rating and a $17.20 price objective on the stock. The average volume stands around 4.05 million shares. JP Morgan upgraded the shares of VIAV in report on Tuesday, October 11 to "Overweight" rating. Finally, B. Riley reiterated a neutral rating and set a $8.75 price objective on shares of Viavi Solutions in a research report on Saturday, May 6th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. UBS initiated Viavi Solutions Inc (NASDAQ:VIAV) rating on Thursday, August 13.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, VIAV earned gross profit of 527.8 Million, in 2015 520.1 Million gross profit, while in 2016 Viavi Solutions Inc. Commerzbank Aktiengesellschaft FI raised its position in Viavi Solutions by 16.2% in the fourth quarter.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.3 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Tuesday, May 2nd. The communications equipment provider reported $0.06 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.02. The company had revenue of $196 million during the quarter, compared to analyst estimates of $196.85 million. Viavi Solutions had a return on equity of 8.22% and a net margin of 10.29%. Jennison Associates LLC increased its stake in shares of Viavi Solutions by 0.9% in the first quarter. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. If you are accessing this piece on another website, it was stolen and reposted in violation of US and worldwide copyright and trademark legislation. The original version of this piece of content can be viewed at https://transcriptdaily.com/2017/05/31/viavi-solutions-inc-viav-downgraded-by-zacks-investment-research-to-hold-updated-updated.html.

Now the shares of Viavi Solutions Inc. Institutional investors own 86.99% of the company's stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The stock has Return on Assets (ROA) of 4.7 percent. Over the one year trading period, the stock has a high price of $11.89 and its low price is recorded at $6.36. The disclosure for this sale can be found here. The stock's 50 day moving average is $10.66 and its 200-day moving average is $9.60.

During last 5 trades the stock sticks nearly -0.79%.

Several other large investors have also recently bought and sold shares of the stock. The stock's market capitalization is 2.56B. Quantitative Systematic Strategies LLC purchased a new stake in Viavi Solutions during the first quarter valued at $132,000.

During the last trading period, the peak price level of the share was $11.40; it means it is top price of day and down price level of the share was $11.17; it means minimum price of the day at which price share traded. BlackRock Inc. raised its position in shares of Viavi Solutions by 3.8% in the third quarter. Bank of Montreal Can now owns 24,368 shares of the communications equipment provider's stock valued at $261,000 after buying an additional 1,500 shares during the period. BlackRock Group LTD now owns 313,122 shares of the communications equipment provider's stock valued at $2,314,000 after buying an additional 20,579 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new position in Viavi Solutions during the first quarter worth approximately $155,000. The firm acquired 24,856 shares of the communications equipment provider's stock, valued at approximately $266,000.

Viavi (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems, supported by a worldwide channel community including Viavi Velocity Solution Partners.

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