Viavi Solutions (NASDAQ:VIAV) CEO Oleg Khaykin Sells 70,000 Shares

Viavi Solutions Inc. (NASDAQ:VIAV) CEO Oleg Khaykin sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $24.50, for a total transaction of $1,715,000.00. Following the completion of the transaction, the chief executive officer owned 1,779,437 shares of the company’s stock, valued at $43,596,206.50. This trade represents a 3.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 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 stock was sold at an average price of $17.63, for a total value of $1,513,288.68.

Viavi Solutions Trading Up 3.3%

NASDAQ:VIAV opened at $25.32 on Friday. The company has a market cap of $5.86 billion, a P/E ratio of -140.66 and a beta of 0.96. Viavi Solutions Inc. has a twelve month low of $8.10 and a twelve month high of $26.84. The business has a 50 day moving average price of $19.16 and a two-hundred day moving average price of $15.11. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $369.30 million for the quarter, compared to analyst estimates of $365.25 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 36.4% on a year-over-year basis. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Viavi Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its stake in Viavi Solutions by 431.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock valued at $84,258,000 after purchasing an additional 5,389,435 shares in the last quarter. Aberdeen Group plc bought a new position in Viavi Solutions in the 3rd quarter valued at about $20,110,000. Schroder Investment Management Group increased its stake in Viavi Solutions by 16.6% in the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock valued at $82,709,000 after acquiring an additional 1,166,547 shares during the last quarter. Tributary Capital Management LLC lifted its stake in Viavi Solutions by 92.9% during the third quarter. Tributary Capital Management LLC now owns 2,207,642 shares of the communications equipment provider’s stock worth $28,015,000 after purchasing an additional 1,063,330 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Viavi Solutions by 772.9% in the 3rd quarter. Millennium Management LLC now owns 1,163,336 shares of the communications equipment provider’s stock valued at $14,763,000 after purchasing an additional 1,030,071 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VIAV shares. Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 18th. Susquehanna raised their price objective on Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research report on Thursday, January 29th. Argus lifted their target price on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Needham & Company LLC upped 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. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and an average price target of $22.13.

Viavi Solutions Company Profile

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.