Scrivanich Sells 3920 Shares of Viavi Solutions Inc

Remigio Civitarese
Декабря 8, 2017

Teachers Advisors LLC now owns 3,277,962 shares of the communications equipment provider's stock valued at $34,517,000 after buying an additional 677,531 shares in the last quarter. Viavi Solutions earned a media sentiment score of 0.14 on Accern's scale.

A number of other hedge funds also recently modified their holdings of VIAV. Essex Investment Management Co. Renaissance Technologies LLC lifted its stake in shares of Viavi Solutions by 36.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 44,808 shares of the communications equipment provider's stock valued at $471,000 after purchasing an additional 19,278 shares during the last quarter. Creative Planning now owns 11,302 shares of the communications equipment provider's stock valued at $119,000 after purchasing an additional 7,235 shares in the last quarter. BlueMountain Capital Management LLC bought a new stake in Viavi Solutions during the second quarter valued at approximately $123,000. Institutional investors own 92.49% of the company's stock. MKM Partners boosted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, August 16th. Stifel Nicolaus reaffirmed a "hold" rating on shares of Viavi Solutions in a report on Tuesday, October 24th.

A number of research analysts recently weighed in on VIAV shares. Zacks Investment Research downgraded shares of Viavi Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. BidaskClub lowered Viavi Solutions from a "hold" rating to a "sell" rating in a research report on Monday, August 14th.

In other news, VP Kevin Christopher Siebert sold 10,689 shares of the company's stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $11.52, for a total transaction of $42,647.04. Following the transaction, the senior vice president now owns 27,629 shares of the company's stock, valued at $247,832.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock of Viavi Solutions Inc. The stock's last price was higher from the average trading price of 50 days recorded at $16.42 while enlarging the period to 200 trading days, the average price was $15.82. The disclosure for this sale can be found here.

Insider Trading Activity for Viavi Solutions Inc. About 1.26 million shares traded.

Viavi Solutions Cmn (NASDAQ:VIAV)'s trailing twelve month revenues are $795.8 Million, whereas its price to sales ratio for the same period is 2.5.

Three months ago, on the other hand, the average analyst rating for Viavi Solutions Inc. Further, the firm has debt to equity ratio of 0.41, sometimes it remain same with long term debt to equity ratio.

Viavi Solutions Inc. most recently reported earnings per share (EPS) of $0.11 for the September 2017 versus $0.09 in the same quarter a year ago, representing 22% growth. Commerzbank Aktiengesellschaft FI now owns 12,818 shares of the communications equipment provider's stock worth $105,000 after buying an additional 1,791 shares in the last quarter. Viavi Solutions had a net margin of 10.57% and a return on equity of 8.99%. Revenue during the quarter was $195.2 million, representing -7% growth from $210.8 million in year-ago quarter. The business's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. research analysts forecast that Viavi Solutions will post 0.31 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: "Jennison Associates LLC Increases Stake in Viavi Solutions Inc".

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