Viavi Solutions (NASDAQ:VIAV) CEO Oleg Khaykin Sells 34,024 Shares

Key Points

• CEO Oleg Khaykin sold 34,024 shares on May 6 at an average price of $54.07 for about $1.84 million, leaving him with 1,448,678 shares (a 2.29% reduction, ~ $78.33 million value).
• Clustered insider selling is notable: Khaykin and other senior executives sold large blocks in early May (including a 104,552‑share sale at ~$54.61), a near‑term bearish signal that likely pressured the stock.
• Fundamentals remain strong: Viavi beat Q1 estimates (EPS $0.27 vs. $0.24; revenue $406.8M, up 42.8% YoY), set FY guidance (Q4 2026: $0.290–0.310 EPS), and received several analyst upgrades, yielding a MarketBeat average rating of “Moderate Buy”.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) CEO Oleg Khaykin sold 34,024 shares of the firm's stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $54.07, for a total value of $1,839,677.68. Following the completion of the sale, the chief executive officer directly owned 1,448,678 shares in the company, valued at approximately $78,330,019.46. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, May 5th, Oleg Khaykin sold 20,238 shares of Viavi Solutions stock. The stock was sold at an average price of $54.77, for a total value of $1,108,435.26.
• On Tuesday, May 5th, Oleg Khaykin sold 104,552 shares of Viavi Solutions stock. The stock was sold at an average price of $54.61, for a total value of $5,709,584.72.
• On Tuesday, February 10th, Oleg Khaykin sold 20,000 shares of Viavi Solutions stock. The stock was sold at an average price of $27.51, for a total value of $550,200.00.
• On Tuesday, February 10th, Oleg Khaykin sold 42,767 shares of Viavi Solutions stock. The stock was sold at an average price of $27.50, for a total value of $1,176,092.50.
• On Monday, February 9th, Oleg Khaykin sold 73,250 shares of Viavi Solutions stock. The stock was 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 stock was sold at an average price of $26.27, for a total value of $1,853,768.82.

Viavi Solutions Stock Performance

VIAV stock traded down $1.97 during trading on Thursday, reaching $51.03. 5,021,086 shares of the stock were exchanged, compared to its average volume of 5,907,206. Viavi Solutions Inc. has a twelve month low of $8.87 and a twelve month high of $60.43. The company has a market capitalization of $11.94 billion, a P/E ratio of -212.61 and a beta of 1.22. The stock has a 50 day simple moving average of $37.32 and a 200-day simple moving average of $25.55. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. The firm had revenue of $406.80 million during the quarter, compared to analysts' expectations of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The company's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.71 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Phocas Financial Corp. acquired a new position in Viavi Solutions during the fourth quarter worth $3,772,000. Knights of Columbus Asset Advisors LLC boosted its holdings in Viavi Solutions by 39.7% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 224,014 shares of the communications equipment provider's stock worth $2,843,000 after purchasing an additional 63,605 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Viavi Solutions by 14.2% during the third quarter. Fisher Asset Management LLC now owns 469,354 shares of the communications equipment provider's stock worth $5,956,000 after purchasing an additional 58,364 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Viavi Solutions by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 400,886 shares of the communications equipment provider's stock worth $5,087,000 after purchasing an additional 72,930 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Viavi Solutions by 59.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,558,253 shares of the communications equipment provider's stock worth $27,768,000 after purchasing an additional 583,347 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VIAV has been the subject of several recent research reports. B. Riley Financial upped their target price on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, April 24th. Stifel Nicolaus upped their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Susquehanna upped their target price on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a "positive" rating in a research report on Thursday, April 30th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Viavi Solutions in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded shares of Viavi Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $39.25.

Key Headlines Impacting Viavi Solutions

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: Q1 results and guidance: Viavi beat consensus on EPS and revenue for Q1 and set FY guidance above prior expectations, supporting the fundamental case that AI/data‑center demand is driving top‑line growth. Read More.
• Positive Sentiment: Analyst support: Multiple firms raised targets/ratings recently (e.g., Susquehanna to $65, B. Riley higher target), and at least one shop raised FY26 EPS — these upgrades underpin buy‑side interest. Read More.
• Positive Sentiment: Momentum/product story: A Zacks feature highlights Viavi as a momentum buy tied to AI/data‑center demand, and Viavi announced a test platform for security in inference/AI data centers — product relevance that can sustain demand. Read More. Read More.
• Neutral Sentiment: Media/earnings recaps: Coverage from Globe & Mail and Q&A summaries (MSN) provide color from the Q1 call but are informational rather than fresh catalysts. Read More.
• Negative Sentiment: Clustered insider selling: CEO Oleg Khaykin sold large blocks (including ~104,552 shares at ~\$54.61) and other senior execs/directors (Doug Gilstrap, Luke Scrivanich, Paul McNab) also sold material positions in early May — a strong near‑term bearish signal that likely pressured the share price. Read More. Read More.
• Negative Sentiment: Market commentary flagged the insider activity as a focal point, amplifying uncertainty about timing/valuation despite strong demand signals. Read More.
• Negative Sentiment: Critical analysis: A Seeking Alpha piece warns that AI/data‑center hype may outpace sustainable profitability and highlights GAAP weaknesses and cyclical risk in key segments — a cautionary read for longer‑term valuation. Read More.

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.

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