Insider Selling: Viavi Solutions (NASDAQ:VIAV) CEO Sells 42,767 Shares of Stock

Viavi Solutions Inc. (NASDAQ:VIAV) CEO Oleg Khaykin sold 42,767 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $27.50, for a total transaction of $1,176,092.50. Following the transaction, the chief executive officer directly owned 1,592,854 shares in the company, valued at approximately $43,803,485. This represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, February 10th, Oleg Khaykin sold 20,000 shares of Viavi Solutions stock. The shares were sold at an average price of $27.51, for a total value of $550,200.00.
• On Monday, February 9th, Oleg Khaykin sold 73,250 shares of Viavi Solutions stock. The shares were sold at an average price of $26.25, for a total value of $1,922,812.50.
• On Friday, February 6th, Oleg Khaykin sold 70,566 shares of Viavi Solutions stock. The shares were sold at an average price of $26.27, for a total value of $1,853,768.82.
• On Thursday, February 5th, Oleg Khaykin sold 70,000 shares of Viavi Solutions stock. The stock was sold at an average price of $24.50, for a total value of $1,715,000.00.
• On Wednesday, February 4th, Oleg Khaykin sold 74,315 shares of Viavi Solutions stock. The stock was sold at an average price of $26.48, for a total transaction of $1,967,861.20.
• On Tuesday, December 2nd, Oleg Khaykin sold 68,810 shares of Viavi Solutions stock. The shares were sold at an average price of $17.77, for a total value 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 transaction of $1,513,288.68.

Viavi Solutions Stock Performance

Shares of NASDAQ:VIAV traded down $0.42 during trading on Wednesday, hitting $26.91. 2,053,035 shares of the company were exchanged, compared to its average volume of 4,911,381. The stock has a 50 day moving average of $19.72 and a 200 day moving average of $15.53. The company has a market cap of $6.23 billion, a PE ratio of -149.35 and a beta of 0.96. 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 Inc. has a 52-week low of $8.10 and a 52-week high of $27.90.

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

Institutional Trading of Viavi Solutions

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in Viavi Solutions by 11.5% during the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after acquiring an additional 18,910 shares during the period. AQR Capital Management LLC lifted its position in Viavi Solutions by 110.5% in the first quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after purchasing an additional 17,673 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Viavi Solutions by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock valued at $1,467,000 after purchasing an additional 5,775 shares during the period. Millennium Management LLC grew its holdings in shares of Viavi Solutions by 205.4% in the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock worth $5,335,000 after purchasing an additional 320,662 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in shares of Viavi Solutions in the first quarter worth $165,000. 95.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VIAV. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a research report on Monday, December 29th. Stifel Nicolaus raised their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. B. Riley Financial lifted their target price on shares of Viavi Solutions from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Susquehanna increased their price target on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Finally, Needham & Company LLC raised their price objective on shares of Viavi Solutions from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and an average price target of $22.13.

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.