Viavi Solutions (NASDAQ:VIAV) CEO Sells $7,075,865.54 in Stock

Key Points

• Viavi Solutions CEO Oleg Khaykin sold a large block of shares, unloading 136,547 shares for about $7.08 million at an average price of $51.82. After the sale, he still owned 1,188,798 shares, but his stake fell by 10.30%.
• The CEO has been actively trimming his position, with multiple additional sales over the prior week and earlier in the year. These transactions included two sizeable sales on May 7 and May 5, along with smaller February sales.
• Viavi’s business and stock have shown strong recent activity, with the company reporting Q3 earnings of $0.27 per share and revenue of $406.8 million, both above estimates. The stock traded around $50.88 and has drawn mixed analyst sentiment, though the consensus remains a Moderate Buy.

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) CEO Oleg Khaykin sold 136,547 shares of the business's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the completion of the sale, the chief executive officer directly owned 1,188,798 shares of the company's stock, valued at $61,603,512.36. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, May 7th, Oleg Khaykin sold 123,333 shares of Viavi Solutions stock. The shares were sold at an average price of $51.43, for a total transaction of $6,343,016.19.
• On Wednesday, May 6th, Oleg Khaykin sold 34,024 shares of Viavi Solutions stock. The shares were sold at an average price of $54.07, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $1,922,812.50.

Viavi Solutions Trading Down 0.3%

Shares of NASDAQ:VIAV traded down $0.17 during midday trading on Friday, hitting $50.88. 3,961,170 shares of the stock traded hands, compared to its average volume of 5,900,248. Viavi Solutions Inc. has a one year low of $8.87 and a one year high of $60.43. The stock has a market capitalization of $11.90 billion, a PE ratio of -212.37 and a beta of 1.22. The business's 50 day moving average is $37.76 and its two-hundred day moving average is $25.82. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VIAV shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Viavi Solutions in a report on Wednesday, April 29th. Needham & Company LLC increased their price target on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Rosenblatt Securities increased their price target on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, March 18th. Susquehanna increased their price target on shares of Viavi Solutions from $25.00 to $65.00 and gave the company a "positive" rating in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Viavi Solutions from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.25.

Institutional Investors Weigh In On Viavi Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in VIAV. Royal Bank of Canada boosted its holdings in Viavi Solutions by 11.5% in the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider's stock worth $2,051,000 after purchasing an additional 18,910 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Viavi Solutions by 110.5% during the 1st 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. increased its position in shares of Viavi Solutions by 4.6% during the 1st 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 last quarter. Millennium Management LLC increased its position in shares of Viavi Solutions by 205.4% during the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider's stock valued at $5,335,000 after purchasing an additional 320,662 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Viavi Solutions during the 1st quarter valued at about $165,000. Hedge funds and other institutional investors own 95.54% of the company's stock.

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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