Intel stock spikes after report of possible US government stake
Luke M. Scrivanich, Senior Vice President and General Manager of Optical Security and Performance Products at Viavi Solutions Inc. (NASDAQ:VIAV), has sold a significant portion of his company stock. According to a recent SEC filing, Scrivanich sold 14,323 shares of Viavi Solutions common stock on March 3, 2025. The transaction was executed at a price of $11.24 per share, totaling approximately $160,990. The sale comes amid a strong performance period for VIAV, with the stock showing a notable 35.5% gain over the past six months.
The sale was conducted under a Rule 10b5-1 Stock Trading Plan, which was established on September 11, 2024. Following this transaction, Scrivanich holds 55,877 shares of Viavi Solutions common stock. According to InvestingPro analysis, VIAV currently trades at high EBIT and EBITDA multiples, with 8 analysts recently revising their earnings expectations upward. Discover more insights and 7 additional exclusive ProTips for VIAV in the comprehensive Pro Research Report, available with an InvestingPro subscription.
In other recent news, Viavi Solutions Inc. reported a strong performance for its fiscal second quarter of 2025, with earnings per share (EPS) of $0.13, surpassing analysts’ expectations of $0.10. The company’s revenue reached $270.8 million, exceeding the forecast of $259.99 million, marking a 6.4% year-over-year increase. In addition to this robust earnings report, Viavi announced plans to acquire the high-speed ethernet and network security business lines of Spirent (LON:SPT) Communications from Keysight Technologies (NYSE:KEYS) for $425 million. This acquisition is expected to add approximately $180 million to Viavi’s annual revenue in the first 12 months post-closing.
However, the acquisition plan has led S&P Global Ratings to place Viavi’s credit ratings under CreditWatch with negative implications, indicating a potential downgrade. The acquisition is set to be financed through a new $425 million term loan B, which is expected to increase the company’s leverage. Despite the potential financial strain, Argus analysts have lifted Viavi’s stock target to $16 and maintained a Buy rating, reflecting confidence in the company’s long-term growth potential. Viavi’s recent strategic moves, including the acquisition of Inertial Labs, are part of its broader efforts to enhance its market position and drive future growth.
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