Viavi Solutions (NASDAQ:VIAV) CEO Sells $6,343,016.19 in Stock

Key Points

• Viavi Solutions CEO Oleg Khaykin sold shares repeatedly, including a $6.34 million sale of 123,333 shares on May 7. The article also notes several other sales in early May and February, reducing his stake by about 8.5% after the latest transaction.
• VIAV stock slipped slightly, closing down 0.3% at $50.88 in Friday trading. The company now has a market cap of about $11.9 billion, and its share price is near the top of its 52-week range.
• Viavi’s latest earnings beat expectations, with quarterly EPS of $0.27 versus estimates of $0.24 and revenue of $406.8 million, up 42.8% year over year. Analysts remain generally bullish, with a consensus rating of Moderate Buy and an average target price of $39.25.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) CEO Oleg Khaykin sold 123,333 shares of the company's stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $51.43, for a total value of $6,343,016.19. Following the completion of the transaction, the chief executive officer owned 1,325,345 shares of the company's stock, valued at approximately $68,162,493.35. This represents a 8.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, May 8th, Oleg Khaykin sold 136,547 shares of Viavi Solutions stock. The stock was sold at an average price of $51.82, for a total value of $7,075,865.54.
• On Wednesday, May 6th, Oleg Khaykin sold 34,024 shares of Viavi Solutions stock. The stock was sold at an average price of $54.07, for a total value of $1,839,677.68.
• On Tuesday, May 5th, Oleg Khaykin sold 20,238 shares of Viavi Solutions stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $26.25, for a total value of $1,922,812.50.

Viavi Solutions Stock Down 0.3%

Shares of Viavi Solutions stock traded down $0.17 on Friday, hitting $50.88. 3,961,170 shares of the company's stock traded hands, compared to its average volume of 5,900,248. The stock has a market cap of $11.90 billion, a P/E ratio of -212.37 and a beta of 1.22. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The firm's 50-day moving average is $37.76 and its 200 day moving average is $25.82. Viavi Solutions Inc. has a 52-week low of $8.87 and a 52-week high of $60.43.

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

Analyst Upgrades and Downgrades

VIAV has been the topic of several research analyst reports. Susquehanna raised their price objective on Viavi Solutions from $25.00 to $65.00 and gave the stock a "positive" rating in a research note on Thursday, April 30th. B. Riley Financial raised their price objective on Viavi Solutions from $26.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. Rosenblatt Securities raised their price objective on Viavi Solutions from $27.00 to $42.00 and gave the stock a "buy" rating in a research note on Wednesday, March 18th. Wall Street Zen upgraded Viavi Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Finally, Needham & Company LLC raised their target price on Viavi Solutions from $28.00 to $36.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Six 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $39.25.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VIAV. Hollencrest Capital Management grew its holdings in Viavi Solutions by 15,584.5% during the first quarter. Hollencrest Capital Management now owns 9,097 shares of the communications equipment provider's stock worth $303,000 after acquiring an additional 9,039 shares during the period. Swiss National Bank grew its holdings in Viavi Solutions by 0.6% during the first quarter. Swiss National Bank now owns 441,600 shares of the communications equipment provider's stock worth $14,696,000 after acquiring an additional 2,600 shares during the period. Jennison Associates LLC purchased a new position in Viavi Solutions in the 1st quarter worth about $22,779,000. Allspring Global Investments Holdings LLC purchased a new position in Viavi Solutions in the 1st quarter worth about $75,294,000. Finally, Maryland State Retirement & Pension System increased its holdings in shares of Viavi Solutions by 3.6% in the 1st quarter. Maryland State Retirement & Pension System now owns 33,756 shares of the communications equipment provider's stock valued at $1,123,000 after purchasing an additional 1,184 shares during the period. 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.

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