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

Viavi Solutions Inc. (NASDAQ:VIAV) was the recipient of some unusual options trading on Thursday. Traders bought 4,540 call options on the stock. This is an increase of 104% compared to the typical volume of 2,223 call options.

Insider Buying and Selling

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 24,225 shares of Viavi Solutions stock in a transaction on Monday, December 8th. The shares were sold at an average price of $18.26, for a total transaction of $442,348.50. Following the sale, the senior vice president owned 49,225 shares of the company’s stock, valued at $898,848.50. The trade was a 32.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donald A. Colvin sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $17.09, for a total transaction of $683,600.00. Following the sale, the director directly owned 148,524 shares of the company’s stock, valued at $2,538,275.16. The trade was a 21.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 606,226 shares of company stock worth $10,714,820 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VIAV. Capital World Investors grew its stake in shares of Viavi Solutions by 3.5% in the third quarter. Capital World Investors now owns 14,955,454 shares of the communications equipment provider’s stock valued at $189,785,000 after buying an additional 500,000 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Viavi Solutions by 16.6% during the 2nd 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 during the period. Dimensional Fund Advisors LP grew its position in Viavi Solutions by 3.5% in the 3rd 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Viavi Solutions by 431.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after purchasing an additional 5,389,435 shares during the period. Finally, Tributary Capital Management LLC lifted its position in shares of Viavi Solutions by 92.9% during the third quarter. Tributary Capital Management LLC now owns 2,207,642 shares of the communications equipment provider’s stock worth $28,015,000 after purchasing an additional 1,063,330 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on VIAV. Weiss Ratings reissued a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Stifel Nicolaus lifted their price objective on Viavi Solutions from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Argus boosted their price objective on Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. UBS Group raised their target price on Viavi Solutions from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Finally, B. Riley upgraded Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Viavi Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $17.44.

Viavi Solutions Trading Up 4.8%

VIAV traded up $0.85 on Thursday, hitting $18.65. The company had a trading volume of 640,872 shares, compared to its average volume of 3,581,375. The firm has a market cap of $4.16 billion, a P/E ratio of 267.86 and a beta of 0.94. Viavi Solutions has a 1 year low of $8.10 and a 1 year high of $19.75. The company’s fifty day moving average price is $17.76 and its 200 day moving average price is $13.88. The company has a current ratio of 1.99, a quick ratio of 1.74 and a debt-to-equity ratio of 0.88.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The company had revenue of $299.10 million during the quarter, compared to analyst estimates of $294.35 million. Viavi Solutions had a net margin of 1.33% and a return on equity of 10.70%. Viavi Solutions’s revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. As a group, equities analysts expect that Viavi Solutions will post 0.26 earnings per share 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.