Viavi Solutions Target of Unusually High Options Trading (NASDAQ:VIAV)

Viavi Solutions Inc. (NASDAQ:VIAV) was the target of unusually large options trading activity on Monday. Stock investors acquired 13,471 call options on the company. This represents an increase of 64% compared to the typical daily volume of 8,207 call options.

Wall Street Analysts Forecast Growth

VIAV has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. B. Riley Financial dropped their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Susquehanna boosted their target price on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research report on Wednesday, July 1st. Weiss Ratings downgraded shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Finally, Zacks Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.88.

Insider Transactions at Viavi Solutions

In other news, EVP Paul Mcnab sold 1,595 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $37.37, for a total value of $59,605.15. Following the completion of the sale, the executive vice president directly owned 13,876 shares of the company’s stock, valued at $518,546.12. This trade represents a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

A number of hedge funds have recently added to or reduced their stakes in VIAV. BlackRock Inc. purchased a new position in Viavi Solutions in the second quarter valued at $1,228,529,000. Arrowstreet Capital Limited Partnership increased its position in shares of Viavi Solutions by 431.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock valued at $84,258,000 after purchasing an additional 5,389,435 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Viavi Solutions during the second quarter worth $134,922,000. Allspring Global Investments Holdings LLC purchased a new position in Viavi Solutions in the first quarter valued at $75,294,000. Finally, Invesco Ltd. lifted its holdings in Viavi Solutions by 116.0% during the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after buying an additional 2,045,702 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Price Performance

VIAV traded up $2.96 on Monday, reaching $46.49. 757,731 shares of the company’s stock were exchanged, compared to its average volume of 6,258,551. The stock has a market cap of $10.88 billion, a PE ratio of -309.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. Viavi Solutions has a twelve month low of $10.44 and a twelve month high of $60.43. The stock’s fifty day moving average price is $43.23 and its 200-day moving average price is $39.87.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company’s revenue was up 52.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. Sell-side analysts expect that Viavi Solutions will post 1.32 EPS for the current year.

About Viavi Solutions

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.