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Viavi Solutions Slides as Recent Rally Loses Steam Ahead of Earnings

Investivoq PriceTracker

Viavi Solutions (VIAV) is down 8.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff does not appear tied to a clear new negative company announcement on October 12. This could be because traders were taking profits after a strong early-October run and turning more cautious ahead of the company’s next earnings report, even as VIAVI’s most recent operating update remained constructive.

Details:

  • VIAV shares had rallied sharply before today’s decline, rising from about $41.08 on September 30 to $47.10 on October 2, then closing at $45.46 on October 9, leaving the stock vulnerable to a pullback.
  • The latest company news identified in late September was a product launch for the CyberFlood CF50, a platform aimed at application, security and AI inference testing up to 100G, which does not point to an obvious fundamental negative catalyst.
  • In its August quarterly update, VIAVI reported fiscal 2026 revenue of $1.52 billion, up 40.0% year over year, and guided fiscal first-quarter 2027 revenue to $450 million to $460 million with non-GAAP EPS of $0.40 to $0.42.
  • The next earnings release is scheduled for October 28, 2026, so some investors may be reducing exposure ahead of results after the stock’s recent surge.

    • Sources:

    VIAVI Solutions, SEC, Stock Analysis, MarketBeat

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $VIAV Insider Trading Activity

    VIAV Insider Trades

    $VIAV insiders have traded $VIAV stock on the open market 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 have been sales.

    Here’s a breakdown of recent trading of $VIAV stock by insiders over the last 6 months:

    • OLEG KHAYKIN (President & CEO) has made 0 purchases and 3 sales selling 158,814 shares for an estimated $8,657,697.
    • LAURA A. BLACK sold 71,000 shares for an estimated $3,274,520
    • LUKE M SCRIVANICH (SVP General Manager OSP) has made 0 purchases and 4 sales selling 70,470 shares for an estimated $2,736,155.
    • RICHARD BELLUZZO sold 51,110 shares for an estimated $2,724,163
    • ILAN DASKAL (EVP, CFO) has made 0 purchases and 2 sales selling 56,290 shares for an estimated $2,042,764.
    • PAUL MCNAB (EVP, Chief Mktg & Stgy Officer) has made 0 purchases and 4 sales selling 15,354 shares for an estimated $639,358.
    • DOUG GILSTRAP sold 10,000 shares for an estimated $550,000
    • KEVIN CHRISTOPHER SIEBERT (SVP Gen. Counsel & Secretary) sold 8,255 shares for an estimated $445,935
    • JOANNE SOLOMON sold 10,000 shares for an estimated $429,200

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $VIAV Hedge Fund Activity

    We have seen 319 institutional investors add shares of $VIAV stock to their portfolio, and 233 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • BLACKROCK, INC. removed 9,509,250 shares (-27.0%) from their portfolio in Q2 2026, for an estimated $454,066,687
    • JANE STREET GROUP, LLC added 9,062,800 shares (+3928.9%) to their portfolio in Q2 2026, for an estimated $432,748,700
    • TWO SIGMA INVESTMENTS, LP added 3,837,155 shares (+219.3%) to their portfolio in Q2 2026, for an estimated $183,224,151
    • JPMORGAN CHASE & CO added 3,616,564 shares (+inf%) to their portfolio in Q2 2026, for an estimated $172,690,931
    • WHALE ROCK CAPITAL MANAGEMENT LLC added 3,402,790 shares (+98.0%) to their portfolio in Q2 2026, for an estimated $162,483,222
    • MILLENNIUM MANAGEMENT LLC added 3,045,650 shares (+136.6%) to their portfolio in Q2 2026, for an estimated $145,429,787
    • D. E. SHAW & CO., INC. added 2,902,678 shares (+357.4%) to their portfolio in Q2 2026, for an estimated $138,602,874

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $VIAV Congressional Stock Trading

    Members of Congress have traded $VIAV stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

    Here’s a breakdown of recent trading of $VIAV stock by members of Congress over the last 6 months:

    • REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 07/21, 05/04.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $VIAV Price Targets

    Multiple analysts have issued price targets for $VIAV recently. We have seen 5 analysts offer price targets for $VIAV in the last 6 months, with a median target of $66.0.

    Here are some recent targets:

    • Mehdi Hosseini from Susquehanna set a target price of $66.0 on 07/01/2026
    • Mike Genovese from Rosenblatt set a target price of $70.0 on 06/10/2026
    • Ryan Koontz from Needham set a target price of $68.0 on 04/30/2026
    • Andrew Spinola from UBS set a target price of $60.0 on 04/30/2026
    • Dave Kang from B. Riley Securities set a target price of $53.0 on 04/24/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.