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

Viavi Solutions Inc. (NASDAQ:VIAV) was the target of some unusual options trading on Wednesday. Investors purchased 8,808 call options on the stock. This is an increase of approximately 212% compared to the average volume of 2,823 call options.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock opened at $32.44 on Thursday. The company has a 50 day moving average price of $25.54 and a 200 day moving average price of $18.90. The firm has a market capitalization of $7.51 billion, a P/E ratio of -180.21 and a beta of 0.92. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46. Viavi Solutions has a 52 week low of $8.10 and a 52 week high of $35.61.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VIAV. Wall Street Zen downgraded shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Needham & Company LLC increased their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Stifel Nicolaus raised their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Susquehanna upped their price target on Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Six 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.com, Viavi Solutions currently has an average rating of “Moderate Buy” and an average price target of $25.00.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Kevin Christopher Siebert sold 7,264 shares of Viavi Solutions stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $34.78, for a total value of $252,641.92. Following the transaction, the senior vice president directly owned 28,384 shares in the company, valued at approximately $987,195.52. This trade represents a 20.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Belluzzo sold 15,775 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $26.85, for a total value of $423,558.75. Following the completion of the transaction, the director directly owned 211,850 shares of the company’s stock, valued at approximately $5,688,172.50. The trade was a 6.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 485,772 shares of company stock worth $12,736,803. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Viavi Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIAV. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Viavi Solutions by 39.7% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 224,014 shares of the communications equipment provider’s stock worth $2,843,000 after purchasing an additional 63,605 shares during the period. Fisher Asset Management LLC increased its holdings in Viavi Solutions by 14.2% in the 3rd quarter. Fisher Asset Management LLC now owns 469,354 shares of the communications equipment provider’s stock worth $5,956,000 after buying an additional 58,364 shares during the period. Cookson Peirce & Co. Inc. acquired a new position in Viavi Solutions in the 3rd quarter worth approximately $1,187,000. Oak Ridge Investments LLC purchased a new position in Viavi Solutions during the 3rd quarter worth approximately $3,855,000. Finally, Assenagon Asset Management S.A. raised its position in Viavi Solutions by 29.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 974,906 shares of the communications equipment provider’s stock worth $12,372,000 after buying an additional 221,949 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

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.