Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is traded on the Nasdaq Global Select Market under the symbol (VIAV). The closing price on July 31, 2021, was $16.69.
As of July 31, 2021, we had 2,072 holders of record of our common stock. We have not paid cash dividends on our common stock and do not anticipate paying cash dividends in the foreseeable future.
During fiscal 2021, we repurchased and retired shares of our common stock pursuant to the stock repurchase program authorized by the Board of Directors. Refer to “Note 15. Stockholders' Equity” of Item 8 for more details.
STOCK PERFORMANCE GRAPH
The information contained in the following graph shall not be deemed to be “soliciting material” or to be “filed” with the Securities and Exchange Commission, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except to the extent that the Company specifically incorporates it by reference in such filing.
The following graph and table set forth the total cumulative return, assuming reinvestment of dividends, on an investment of $100 in June 2016 and ending June 2021 in: (i) our Common Stock, (ii) the S&P 500 Index, (iii) the Nasdaq Stock Market (U.S.) Index, and (iv) the Nasdaq Telecommunications Index. Historical stock price performance is not necessarily indicative of future stock price performance.
*$100 invested on 6/30/16 in stock or index.
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6/2016 6/2017 6/2018 6/2019 6/2020 6/2021
VIAVI $ 100.00 $ 158.82 $ 154.45 $ 200.45 $ 188.54 $ 263.50
S&P 500 $ 100.00 $ 115.46 $ 129.52 $ 140.16 $ 143.37 $ 207.37
Nasdaq Composite $ 100.00 $ 126.80 $ 155.09 $ 165.33 $ 201.48 $ 302.30
Nasdaq Telecommunications $ 100.00 $ 113.80 $ 134.59 $ 158.43 $ 161.18 $ 205.28
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ITEM 6. SELECTED FINANCIAL DATA
Pursuant to the amendments adopted to eliminate the requirements under Item 301 of Regulation S-K, we have omitted selected historical financial data for our business over the last five fiscal year periods.
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.