Viavi Solutions Inc. (VIAV) Hits New 52-Week High at $7.25
Viavi Solutions Inc. (NASDAQ:VIAV) hit a new 52-week high on Friday . The stock traded as high as $7.25 and last traded at $7.24, with a volume of 628,035 shares trading hands. The stock had previously closed at $7.14.
Several equities research analysts have recently weighed in on the stock. B. Riley downgraded shares of Viavi Solutions from a “buy” rating to a “neutral” rating and set a $6.75 target price on the stock. in a research note on Monday, June 27th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Viavi Solutions in a research note on Wednesday, May 4th. William Blair reissued a “buy” rating on shares of Viavi Solutions in a research note on Wednesday, May 4th. Finally, MKM Partners increased their target price on shares of Viavi Solutions from $8.00 to $8.50 and gave the company a “buy” rating in a research note on Monday, June 6th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Viavi Solutions currently has an average rating of “Hold” and a consensus target price of $7.00.
The company has a 50-day moving average of $6.93 and a 200-day moving average of $6.51. The company’s market cap is $1.69 billion.
In other Viavi Solutions news, EVP Paul Mcnab sold 62,131 shares of Viavi Solutions stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $6.69, for a total transaction of $415,656.39. Following the sale, the executive vice president now owns 34,194 shares of the company’s stock, valued at approximately $228,757.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ralph Rondinone sold 4,685 shares of Viavi Solutions stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $6.35, for a total transaction of $29,749.75. Following the sale, the senior vice president now directly owns 2,624 shares in the company, valued at approximately $16,662.40. The disclosure for this sale can be found here.
Viavi Solutions Inc, formerly JDS Uniphase Corporation, is a provider of network and service enablement solutions and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers (NEMs) and enterprises. The Company operates in three business segments: Network and Service Enablement (NSE), Communications and Commercial Optical Products (CCOP), and Optical Security and Performance Products (OSP).
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