Is Viavi Solutions (VIAV) Now a 'Buy'? Why did Loop Capital Upgrade The Stock?
06 February, 2018, 17:59
From another technical standpoint, Viavi Solutions Inc. The stock was sold at an average price of $10.21, for a total value of $63,087.59. The term earnings per share (EPS) represents the portion of a company's earnings, net of taxes and preferred stock dividends, that is allocated to each share of common stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Following the sale, the director now owns 190,654 shares in the company, valued at $1,715,886.
On Wednesday, December 13th, Richard Belluzzo sold 10,000 shares of Viavi Solutions stock.
Institutional investors have recently made changes to their positions in the company.
Although Viavi Solutions has topped revenue and earnings estimates for the latest quarter, both financial metrics declined when compared to the past year period. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the communications equipment provider's stock valued at $112,000 after purchasing an additional 1,003 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Viavi Solutions by 140.2% during the 2nd quarter. Northern Trust Corp now owns 3,022,015 shares of the communications equipment provider's stock worth $31,821,000 after acquiring an additional 147,950 shares during the last quarter. Fisher Asset Management LLC now owns 757,640 shares of the communications equipment provider's stock valued at $7,167,000 after buying an additional 295,185 shares during the last quarter. Finally, LMR Partners LLP purchased a new stake in shares of Viavi Solutions in the fourth quarter worth about $195,000. Teacher Retirement System of Texas now owns 18,336 shares of the communications equipment provider's stock valued at $193,000 after purchasing an additional 371 shares during the last quarter. Corporate insiders own 0.59% of the company's stock.
Shares of Viavi Solutions (NASDAQ VIAV) traded down $0.14 during midday trading on Friday, hitting $8.80. The Price to Sales (P/S) of the stock is 2.87, while P/B (Price to Book) stands at 2.98. Viavi Solution... has $1400 highest and $7 lowest target.
The stock decreased 1.19% or $0.24 during the last trading session, reaching $19.96. Viavi Solutions Inc. (VIAV) has risen 77.76% since February 5, 2017 and is uptrending. Investors admired the decision to buy communications units from the UK's Cobham for $455M and the company has topped the revenue and earnings estimate by $16 million and $0.02 per share in the second quarter. The firm had revenue of $201.80 million during the quarter, compared to analysts' expectations of $185.80 million. The company's revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. equities analysts forecast that Viavi Solutions will post 0.31 EPS for the current year.
A number of research analysts recently weighed in on VIAV shares. Analysts reported that the Price Target for Viavi Solutions Inc. might touch $13 high while the Average Price Target and Low price Target is $10.75 and $9 respectively. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating.
Viavi Solutions Inc (NASDAQ:VIAV) has earned a consensus recommendation of "Hold" from the ten analysts that are now covering the company, MarketBeat reports. Loop Capital began coverage on shares of Viavi Solutions in a research report on Monday, January 29th. They issued a "hold" rating and a $9.50 price objective on the stock. British aerospace and defence electronics group Cobham declared on Friday that it has made a decision to sell its AvComm and Wireless test businesses to Viavi Solutions for $455 million, as part of the latest stage of a turnaround plan. This company shares are 12.5% off its target price of $11.25 and the current market capitalization stands at $2.28B.
Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.