Viavi Solutions Inc. (NASDAQ:VIAV) reported a scheduled insider sale by President and Chief Executive Officer Oleg Khaykin on February 6, 2026, according to a recent SEC filing. Khaykin disposed of 70,566 shares in two tranches - 29,887 shares at $26.30 per share and 40,679 shares at a weighted average price of $26.25 - bringing total gross proceeds from the transactions to approximately $1.85 million.
The transaction was executed as Viavi's stock was trading close to its 52-week high of $26.84. The security has recorded a substantial advance over recent periods, rising 111.7% over the past year and 159.7% during the last six months, figures that underline significant upward momentum ahead of the sale.
Following the disposition, Khaykin is listed as directly owning 1,708,871 shares of Viavi Solutions. The SEC filing also discloses that Khaykin's spouse holds 40,238 shares. The specific filing provides a snapshot of the executive's remaining direct stake while signaling a material insider sale on the date indicated.
Market analytics from InvestingPro included in the public reporting indicate that VIAV was trading at $26.38 at the time of the evaluation and that the share price may be overvalued by those measures. Technical indicators in that dataset flagged the stock as being in overbought territory. Investors interested in expanded technical and fundamental context are directed to additional content available through the service, which lists 16 supplemental ProTips and a Pro Research Report covering Viavi and more than 1,400 other U.S. equities.
In corporate results that likely informed investor sentiment, Viavi Solutions reported second-quarter fiscal 2026 financials that topped consensus forecasts. The company posted earnings per share of $0.22, outpacing the $0.19 estimate and representing a 15.79% earnings surprise. Revenue for the quarter came in at $369.3 million, slightly exceeding the anticipated $365.25 million. The report was followed by a noticeable uptick in the company's share price, and the better-than-expected performance has attracted attention from several analyst firms.
The SEC filing details and the company's quarterly results together provide investors with both insider activity and recent operational outcomes to consider. The sale by Viavi's CEO, the disclosed remaining ownership, market positioning relative to technical indicators, and the quarter's financial beats are all documented in the filings and reported results.
Key points
- Oleg Khaykin sold 70,566 shares on Feb. 6, 2026, generating $1.85 million in proceeds.
- Viavi shares were trading near a 52-week high and have gained 111.7% year-over-year and 159.7% over six months.
- Viavi beat Q2 fiscal 2026 EPS and revenue estimates; EPS was $0.22 vs. $0.19 forecast and revenue was $369.3 million vs. $365.25 million expected.
Risks and uncertainties
- Insider selling may be interpreted variably by market participants, potentially affecting short-term investor sentiment in the technology and equipment sectors.
- Technical indicators cited by InvestingPro characterize the stock as overbought, suggesting elevated near-term volatility for Viavi shares.
- Valuation metrics in the referenced analytics flagged the shares as appearing overvalued at the evaluated price, which could influence trading decisions among equity investors.