Cipher Capital LP Decreases Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Lester Mason
December 8, 2017

The firm owned 57,924 shares of the communications equipment provider's stock after selling 35,863 shares during the quarter. A number of hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in shares of Viavi Solutions by 36.1% in the 2nd quarter. Creative Planning now owns 11,302 shares of the communications equipment provider's stock valued at $119,000 after acquiring an additional 7,235 shares during the period. Over the last quarter, insiders have sold 94,610 shares of company stock valued at $897,523. Vanguard Group Inc. now owns 21,052,725 shares of the communications equipment provider's stock valued at $221,685,000 after purchasing an additional 158,549 shares during the period. Viavi Solutions Cmn (NASDAQ:VIAV) has a Return on Assets (ROA) of 4.2. Aperio Group LLC now owns 90,782 shares of the communications equipment provider's stock valued at $956,000 after purchasing an additional 9,964 shares during the last quarter. At the moment, Viavi Solutions Inc. 1,263,773 shares of the stock were exchanged, compared to its average volume of 3,045,079.

Three months ago, on the other hand, the average analyst rating for Viavi Solutions Inc. The company has a current ratio of 2.20, a quick ratio of 2.10 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $2,020.00, a P/E ratio of 30.60, a P/E/G ratio of 1.50 and a beta of 1.89.

Viavi Solutions (NASDAQ VIAV) traded down $0.04 during mid-day trading on Tuesday, hitting $8.89. 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 Cmn (NASDAQ:VIAV)'s revenue estimates for the current quarter are $185.94 Million according to 7 number of analysts, for the current quarter the company has high revenue estimates of $189.5 Million in contradiction of low revenue estimates of $180.7 Million. During the same quarter in the prior year, the firm earned $0.09 EPS. Similarly, the company's SVP Global Operations NSE RONDINONE RALPH on 2017-11-22 Sell 1373 shares of the company at a price of $9.05.

According to Viavi Solutions Inc.'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 93.72%.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. 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. Following the completion of the sale, the senior vice president now owns 27,629 shares of the company's stock, valued at approximately $247,832.13. The disclosure for this sale can be found here.


The SMA20 for the stock is at -1.82 percent, SMA50 stands at -4.92 percent, while SMA200 is -14.6 Percent. Stifel Nicolaus reissued a "hold" rating and set a $11.00 price objective on shares of Viavi Solutions in a research report on Wednesday, August 16th.

In terms of Buy, Sell or Hold recommendations, Viavi Solutions Cmn (NASDAQ:VIAV) has analysts' mean recommendation of 2.3. Finally, Zacks Investment Research lowered Viavi Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 19th. 0 have given the stock a Hold rating, 0 as Underperform and 0 as Sell. (NASDAQ:VIAV) has "Hold" rating given on Thursday, October 12 by Needham.

COPYRIGHT VIOLATION WARNING: "Luke M. Scrivanich Sells 3,920 Shares of Viavi Solutions Inc".

According to 6 analysts Viavi Solutions Cmn (NASDAQ:VIAV)'s price will reach at $11.92 during 52 weeks.

About Viavi Solutions Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems.

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