Short Interest in Viavi Solutions Inc. (NASDAQ:VIAV) Expands By 34.7%

Viavi Solutions Inc. (NASDAQ:VIAV) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totaling 10,590,000 shares, a growth of 34.7% from the July 31st total of 7,860,000 shares. Based on an average trading volume of 2,500,000 shares, the days-to-cover ratio is presently 4.2 days. Approximately 4.8% of the shares of the company are sold short. Approximately 4.8% of the shares of the company are sold short. Based on an average trading volume of 2,500,000 shares, the days-to-cover ratio is presently 4.2 days.

Insiders Place Their Bets

In other news, SVP Luke M. Scrivanich sold 11,873 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $11.18, for a total value of $132,740.14. Following the sale, the senior vice president directly owned 66,836 shares of the company’s stock, valued at approximately $747,226.48. This represents a 15.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin Christopher Siebert sold 13,115 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $11.18, for a total transaction of $146,625.70. Following the completion of the sale, the senior vice president owned 71,159 shares of the company’s stock, valued at $795,557.62. This trade represents a 15.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,873 shares of company stock valued at $605,095. 1.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Viavi Solutions

A number of institutional investors have recently bought and sold shares of the business. Family Legacy Financial Solutions LLC bought a new position in shares of Viavi Solutions during the second quarter worth approximately $43,000. USA Financial Formulas acquired a new stake in Viavi Solutions during the first quarter worth approximately $53,000. AlphaQuest LLC acquired a new stake in Viavi Solutions during the first quarter worth approximately $55,000. First Horizon Advisors Inc. increased its stake in Viavi Solutions by 29.1% during the 1st quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider’s stock worth $56,000 after acquiring an additional 1,138 shares during the period. Finally, Quarry LP raised its holdings in Viavi Solutions by 481.2% in the 1st quarter. Quarry LP now owns 9,450 shares of the communications equipment provider’s stock valued at $106,000 after acquiring an additional 7,824 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $11.69 on Wednesday. The stock has a 50 day simple moving average of $10.63 and a 200 day simple moving average of $10.27. The stock has a market cap of $2.61 billion, a P/E ratio of 73.07 and a beta of 0.91. Viavi Solutions has a 1-year low of $7.91 and a 1-year high of $12.91. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $290.50 million for the quarter, compared to analyst estimates of $285.19 million. Viavi Solutions had a return on equity of 8.02% and a net margin of 3.21%.The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. Research analysts anticipate that Viavi Solutions will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VIAV has been the topic of several research analyst reports. Morgan Stanley upgraded Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 price objective on the stock in a research note on Tuesday, September 2nd. Rosenblatt Securities reissued a “buy” rating and set a $13.50 target price on shares of Viavi Solutions in a report on Friday, June 20th. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 13th. B. Riley lifted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Finally, UBS Group upped their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Viavi Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.