Insider Selling: Viavi Solutions (NASDAQ:VIAV) CEO Sells 74,315 Shares of Stock

Viavi Solutions Inc. (NASDAQ:VIAV) CEO Oleg Khaykin sold 74,315 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $26.48, for a total value of $1,967,861.20. Following the completion of the sale, the chief executive officer directly owned 1,849,437 shares of the company’s stock, valued at $48,973,091.76. This trade represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Oleg Khaykin also recently made the following trade(s):

• On Tuesday, December 2nd, Oleg Khaykin sold 68,810 shares of Viavi Solutions stock. The stock was sold at an average price of $17.77, for a total transaction of $1,222,753.70.
• On Monday, December 1st, Oleg Khaykin sold 85,836 shares of Viavi Solutions stock. The shares were sold at an average price of $17.63, for a total value of $1,513,288.68.

Viavi Solutions Price Performance

NASDAQ VIAV traded up $1.41 during trading hours on Thursday, reaching $25.91. 1,928,805 shares of the stock traded hands, compared to its average volume of 4,984,848. Viavi Solutions Inc. has a 1 year low of $8.10 and a 1 year high of $26.84. The company has a market cap of $5.99 billion, a price-to-earnings ratio of -143.91 and a beta of 0.96. The stock has a 50 day simple moving average of $19.01 and a two-hundred day simple moving average of $15.04. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The firm had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.25 million. During the same period last year, the company posted $0.13 EPS. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, analysts predict that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 18th. Needham & Company LLC boosted their price objective on shares of Viavi Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Stifel Nicolaus lifted their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Susquehanna upped their price objective on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Finally, UBS Group boosted their target price on Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.13.

Hedge Funds Weigh In On Viavi Solutions

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Viavi Solutions by 33.6% in the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 825 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Viavi Solutions during the third quarter worth $44,000. Covestor Ltd grew its stake in Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 676 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Viavi Solutions by 32.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after buying an additional 898 shares during the last quarter. Finally, Strs Ohio acquired a new position in Viavi Solutions in the 4th quarter valued at $159,000. 95.54% of the stock is owned by institutional investors and hedge funds.

About Viavi Solutions

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.