Viavi Solutions Inc (VIAV) : Moisand Fitzgerald Tamayo has sold out all of its stake in Viavi Solutions Inc during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 154 shares of Viavi Solutions Inc which is valued at $1,101.
Other Hedge Funds, Including , Sg Americas Securities boosted its stake in VIAV in the latest quarter, The investment management firm added 141,461 additional shares and now holds a total of 1,058,670 shares of Viavi Solutions Inc which is valued at $7,569,491. Viavi Solutions Inc makes up approx 0.06% of Sg Americas Securities’s portfolio. Spectrum Management Group sold out all of its stake in VIAV during the most recent quarter. The investment firm sold 6 shares of VIAV which is valued $43. Old Mutual Global Investors (uk) Ltd. sold out all of its stake in VIAV during the most recent quarter. The investment firm sold 105,232 shares of VIAV which is valued $749,252. Kanaly Trust Co sold out all of its stake in VIAV during the most recent quarter. The investment firm sold 6 shares of VIAV which is valued $43.Creative Planning boosted its stake in VIAV in the latest quarter, The investment management firm added 2,104 additional shares and now holds a total of 5,886 shares of Viavi Solutions Inc which is valued at $40,849.
On the company’s financial health, Viavi Solutions Inc reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.08. The company had revenue of $220.40 million for the quarter, compared to analysts expectations of $218.38 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.
Many Wall Street Analysts have commented on Viavi Solutions Inc. Company shares were Reiterated by MKM Partners on Jun 6, 2016 to “Buy”, Firm has raised the Price Target to $ 8.50 from a previous price target of $8 .
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). The NSE business provides network and service enablement solutions which enable the design development deployment and maintenance of communication equipment and networks. The CCOP business segment provides optical communications products used by NEMs for telecommunications and enterprise data center communications. The OSP segment provides optical security and performance products targeted to customers in the anti-counterfeiting consumer electronics government healthcare and other markets.