Viavi Solutions Sees Unusually Large Options Volume (NASDAQ:VIAV)

Viavi Solutions Inc. (NASDAQ:VIAV) was the recipient of unusually large options trading on Wednesday. Stock traders bought 5,815 call options on the stock. This represents an increase of approximately 209% compared to the average volume of 1,881 call options.

Insider Activity at Viavi Solutions

In other news, SVP Kevin Christopher Siebert sold 24,225 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $18.26, for a total value of $442,348.50. Following the completion of the transaction, the senior vice president owned 49,225 shares of the company’s stock, valued at $898,848.50. This represents a 32.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ilan Daskal sold 170,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $17.49, for a total value of $2,973,300.00. Following the transaction, the executive vice president directly owned 10,132 shares in the company, valued at approximately $177,208.68. This represents a 94.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 626,759 shares of company stock worth $10,923,963 over the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in VIAV. Vanguard Group Inc. boosted its holdings in Viavi Solutions by 1.8% during the first quarter. Vanguard Group Inc. now owns 30,440,070 shares of the communications equipment provider’s stock worth $340,624,000 after purchasing an additional 540,045 shares during the last quarter. Capital World Investors lifted its position in shares of Viavi Solutions by 3.5% during the 3rd quarter. Capital World Investors now owns 14,955,454 shares of the communications equipment provider’s stock worth $189,785,000 after buying an additional 500,000 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Viavi Solutions by 0.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,560,567 shares of the communications equipment provider’s stock valued at $118,173,000 after acquiring an additional 36,172 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Viavi Solutions by 16.6% in the second quarter. Schroder Investment Management Group now owns 8,213,451 shares of the communications equipment provider’s stock valued at $82,709,000 after acquiring an additional 1,166,547 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Viavi Solutions by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock valued at $86,875,000 after acquiring an additional 231,570 shares during the last quarter. 95.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VIAV shares. B. Riley upgraded Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, October 30th. Rosenblatt Securities boosted their target price on Viavi Solutions from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Morgan Stanley upgraded Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 price target for the company in a report on Tuesday, September 2nd. Needham & Company LLC lifted their target price on Viavi Solutions from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, UBS Group lifted their price target on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.89.

Viavi Solutions Trading Up 1.4%

NASDAQ VIAV opened at $19.20 on Thursday. Viavi Solutions has a one year low of $8.10 and a one year high of $19.73. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.99 and a quick ratio of 1.74. The firm has a market cap of $4.29 billion, a P/E ratio of 274.29 and a beta of 0.96. The stock’s 50-day moving average is $15.73 and its 200-day moving average is $12.38.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.70%. The company had revenue of $299.10 million during the quarter, compared to the consensus estimate of $294.35 million. During the same period in the prior year, the business posted $0.06 EPS. The company’s quarterly revenue was up 25.6% on a year-over-year basis. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. Sell-side analysts anticipate that Viavi Solutions will post 0.26 earnings per share for the current fiscal year.

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.