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). As of July 29, 2023, we had 1,747 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.
The following table provides stock repurchase activity during the three months ended July 1, 2023 (in millions, except per share amounts):
Total Number of Shares Purchased Average Price Paid per Share Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs (1)
Maximum Dollar Value of Shares that May Still Be Purchased Under the Plans or Programs (1)
Period
April 2 - April 29, 2023 — — — $ 244.8
April 30- May 27, 2023 0.3 $9.74 0.3 $ 242.2
May 28 - July 1, 2023 0.7 $10.02 0.7 $ 234.8
Total 1.0 1.0
(1) Share repurchases made under our 2022 Repurchase Plan for up to $300 million of our common stock, which was announced September 11, 2022. Refer to “Note 15. Stockholders' Equity” of Item 8 for more details.
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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 2018 and ending June 2023 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 6/30/18 in stock or index.
6/2018 6/2019 6/2020 6/2021 6/2022 6/2023
VIAVI $ 100.00 $ 129.79 $ 122.07 $ 170.61 $ 127.83 $ 110.64
S&P 500 $ 100.00 $ 110.42 $ 115.19 $ 169.29 $ 150.97 $ 178.66
Nasdaq Composite $ 100.00 $ 107.78 $ 132.70 $ 200.58 $ 153.53 $ 191.93
Nasdaq Telecommunications $ 100.00 $ 117.72 $ 137.47 $ 190.00 $ 201.30 $ 214.56
ITEM 6. [RESERVED]
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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.