Viavi Solutions director Barnes sells $931k in stock

Published 04/11/2025, 20:56
Viavi Solutions director Barnes sells $931k in stock

Director Keith Barnes of Viavi Solutions (NASDAQ:VIAV) sold 53,933 shares of common stock on November 3, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as VIAV shares have delivered a remarkable 83% return over the past year, according to InvestingPro data.

The sales were executed in two separate transactions. In the first, Barnes sold 40,363 shares at a price of $17.25 per share. The second transaction involved the sale of 13,570 shares at $17.34 per share. The total value of shares sold amounts to $931,565, with prices ranging from $17.25 to $17.34. These transaction prices sit near VIAV’s 52-week high of $17.99, with InvestingPro analysis indicating the stock is currently trading above its Fair Value, placing it among stocks on the most overvalued list.

Following these transactions, Barnes directly owns 125,151 shares of Viavi Solutions, which reflects an administrative adjustment.

In other recent news, Viavi Solutions reported impressive fiscal first-quarter 2026 results, with revenue reaching $299 million, marking a 25.6% increase from the previous year. This figure surpassed both management guidance and consensus estimates of $294 million. The company’s earnings per share also exceeded expectations, coming in at $0.15 compared to the anticipated $0.13. The Network and Service Enablement segment contributed significantly to this growth, generating $216 million, driven by strong demand in the data center ecosystem. Analysts responded positively, with Stifel raising its price target for Viavi Solutions to $18 while maintaining a Buy rating due to the strong results. B.Riley also upgraded the company’s stock rating from Neutral to Buy, highlighting the potential growth from artificial intelligence and data centers. The company’s recent acquisition of Inertial Labs also played a role in boosting revenue figures. Viavi’s non-GAAP operating margin improved to 15.7%, up 570 basis points from the previous year, showcasing operational efficiency.

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