Viavi Solutions (NASDAQ:VIAV) CEO Sells $1,513,288.68 in Stock

by · The Cerbat Gem

Viavi Solutions Inc. (NASDAQ:VIAV – Get Free Report) CEO Oleg Khaykin sold 85,836 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $17.63, for a total value of $1,513,288.68. Following the completion of the sale, the chief executive officer directly owned 2,025,005 shares in the company, valued at $35,700,838.15. This represents a 4.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • 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 value of $1,222,753.70.

Viavi Solutions Stock Down 0.3%

Shares of VIAV stock traded down $0.05 during trading hours on Tuesday, reaching $17.56. 4,168,892 shares of the stock were exchanged, compared to its average volume of 2,705,334. The business’s fifty day moving average is $14.92 and its two-hundred day moving average is $11.95. The firm has a market capitalization of $3.92 billion, a P/E ratio of 250.86 and a beta of 0.96. Viavi Solutions Inc. has a 12-month low of $8.10 and a 12-month high of $18.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.30.

Viavi Solutions (NASDAQ:VIAV – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.68%. The company had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $294.35 million. During the same quarter in the previous year, the business posted $0.06 EPS. The firm’s revenue was up 25.6% on a year-over-year basis. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. As a group, research analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley upgraded Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 price target on the stock in a research note on Tuesday, September 2nd. Needham & Company LLC increased their price objective on Viavi Solutions from $16.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, October 30th. B. Riley upgraded Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, October 30th. UBS Group upped their price target on Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, Rosenblatt Securities increased their price target on shares of Viavi Solutions from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.89.

Read Our Latest Stock Analysis on VIAV

Institutional Trading of Viavi Solutions

A number of institutional investors have recently modified their holdings of the business. Swiss Life Asset Management Ltd purchased a new position in Viavi Solutions in the third quarter worth $133,000. CIBC Bancorp USA Inc. acquired a new position in shares of Viavi Solutions during the 3rd quarter worth $300,000. Hancock Whitney Corp purchased a new position in shares of Viavi Solutions in the 3rd quarter valued at about $320,000. Caxton Associates LLP acquired a new stake in shares of Viavi Solutions in the third quarter valued at about $299,000. Finally, Worth Venture Partners LLC acquired a new stake in shares of Viavi Solutions in the third quarter valued at about $210,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Company Profile

(Get Free Report)

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.

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