Oleg Khaykin Sells 2,010 Shares of Viavi Solutions Inc. (NASDAQ:VIAV) Stock

Viavi Solutions Inc. (NASDAQ:VIAV) CEO Oleg Khaykin sold 2,010 shares of the stock in a transaction dated Tuesday, June 8th. The shares were sold at an average price of $17.50, for a total value of $35,175.00. Following the transaction, the chief executive officer now directly owns 551,236 shares in the company, valued at approximately $9,646,630. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, June 10th, Oleg Khaykin sold 20,000 shares of Viavi Solutions stock. The shares were sold at an average price of $17.50, for a total value of $350,000.00.
  • On Tuesday, June 1st, Oleg Khaykin sold 7,694 shares of Viavi Solutions stock. The shares were sold at an average price of $17.53, for a total value of $134,875.82.
  • On Friday, May 28th, Oleg Khaykin sold 20,000 shares of Viavi Solutions stock. The shares were sold at an average price of $17.50, for a total value of $350,000.00.
  • On Wednesday, April 28th, Oleg Khaykin sold 10,000 shares of Viavi Solutions stock. The shares were sold at an average price of $16.82, for a total value of $168,200.00.
  • On Monday, April 26th, Oleg Khaykin sold 20,000 shares of Viavi Solutions stock. The shares were sold at an average price of $16.86, for a total value of $337,200.00.
  • On Friday, April 23rd, Oleg Khaykin sold 20,000 shares of Viavi Solutions stock. The shares were sold at an average price of $16.63, for a total value of $332,600.00.
  • On Wednesday, April 21st, Oleg Khaykin sold 20,000 shares of Viavi Solutions stock. The shares were sold at an average price of $16.51, for a total value of $330,200.00.
  • On Monday, April 19th, Oleg Khaykin sold 20,000 shares of Viavi Solutions stock. The shares were sold at an average price of $16.54, for a total value of $330,800.00.

Viavi Solutions stock opened at $17.49 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.95 and a quick ratio of 3.62. The company has a market cap of $4.00 billion, a P/E ratio of 54.66 and a beta of 0.75. Viavi Solutions Inc. has a one year low of $11.36 and a one year high of $17.66. The stock’s 50 day moving average is $16.70.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Tuesday, May 4th. The communications equipment provider reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The business had revenue of $303.40 million during the quarter, compared to the consensus estimate of $290.53 million. Viavi Solutions had a return on equity of 18.68% and a net margin of 6.47%. Viavi Solutions’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. On average, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.65 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Schroder Investment Management Group raised its position in Viavi Solutions by 29.0% in the 1st quarter. Schroder Investment Management Group now owns 5,217,345 shares of the communications equipment provider’s stock valued at $81,912,000 after purchasing an additional 1,174,299 shares during the last quarter. Virtu Financial LLC bought a new position in Viavi Solutions in the 1st quarter valued at $254,000. Squarepoint Ops LLC bought a new position in Viavi Solutions in the 1st quarter valued at $1,577,000. Paloma Partners Management Co bought a new position in Viavi Solutions in the 1st quarter valued at $919,000. Finally, Millennium Management LLC bought a new position in Viavi Solutions in the 1st quarter valued at $5,800,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Separately, Northland Securities raised their target price on Viavi Solutions from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Wednesday, May 5th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $18.50.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, government, civil, military, and avionics customers worldwide. The company operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP) segments.

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