Investors Purchase High Volume of Viavi Solutions Call Options (NASDAQ:VIAV)

Viavi Solutions Inc. (NASDAQ:VIAV) saw some unusual options trading activity on Wednesday. Investors acquired 8,808 call options on the company. This represents an increase of approximately 212% compared to the average volume of 2,823 call options.

Insider Activity at Viavi Solutions

In other news, SVP Gary W. Staley sold 24,237 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $23.93, for a total value of $579,991.41. Following the transaction, the senior vice president directly owned 136,267 shares in the company, valued at $3,260,869.31. This trade represents a 15.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Mcnab sold 3,551 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $32.89, for a total value of $116,792.39. Following the sale, the executive vice president owned 18,198 shares of the company’s stock, valued at $598,532.22. The trade was a 16.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 485,772 shares of company stock worth $12,736,803. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Wyoming acquired a new position in Viavi Solutions in the fourth quarter valued at approximately $34,000. GAMMA Investing LLC lifted its holdings in Viavi Solutions by 33.6% in the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 825 shares during the period. Johnson Financial Group Inc. bought a new position in Viavi Solutions in the 3rd quarter valued at about $44,000. Covestor Ltd increased its stake in Viavi Solutions by 22.9% during the 3rd quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock valued at $46,000 after buying an additional 676 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Viavi Solutions by 32.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after acquiring an additional 898 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on VIAV shares. B. Riley Financial upped their price target on Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Susquehanna upped their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Rosenblatt Securities raised their price target on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Needham & Company LLC lifted their price target on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Viavi Solutions Stock Up 4.4%

VIAV stock traded up $1.37 during midday trading on Wednesday, hitting $32.21. 1,637,336 shares of the company’s stock were exchanged, compared to its average volume of 5,201,612. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46. Viavi Solutions has a 12-month low of $8.10 and a 12-month high of $35.61. The firm has a 50 day moving average price of $25.27 and a 200-day moving average price of $18.81. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of -178.65 and a beta of 0.92.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.25 million. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The business’s revenue was up 36.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, analysts anticipate that Viavi Solutions will post 0.26 EPS for the current year.

Viavi Solutions Company Profile

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.