On September 13, 2024, Paul Mcnab, the Executive Vice President, Chief Marketing & Strategy Officer of Viavi Solutions Inc (VIAV, Financial), sold 5,920 shares of the company. The transaction was executed at a price of $8.45 per share, as detailed in the SEC Filing. Following this sale, the insider now owns 34,545 shares of Viavi Solutions Inc.
Viavi Solutions Inc is a global provider of network test, monitoring, and assurance solutions to communications service providers, enterprises, and their ecosystems. The company operates through multiple segments, including Network Enablement, Service Enablement, and Optical Security and Performance Products.
Over the past year, the insider has sold a total of 57,477 shares and has not made any purchases. This recent transaction continues a trend observed over the past year at Viavi Solutions Inc, where there have been 18 insider sells and no insider buys.
Shares of Viavi Solutions Inc were trading at $8.45 on the day of the sale, giving the company a market cap of approximately $1.85 billion. According to GF Value, the stock is currently modestly undervalued, with a price-to-GF-Value ratio of 0.88, suggesting potential for price appreciation.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on the company's past performance and estimated future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of potential future stock performance, particularly in the context of the company's valuation metrics and market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
