Viavi Solutions Slides as Recent Rally Loses Steam Ahead of Earnings

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 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 Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$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 Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative 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 Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative 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 Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.