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

Viavi Solutions Inc. (NASDAQ:VIAV) saw unusually large options trading on Monday. Stock traders purchased 13,471 call options on the stock. This represents an increase of approximately 64% compared to the average daily volume of 8,207 call options.

Viavi Solutions Price Performance

VIAV traded up $2.96 during midday trading 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 company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $43.23 and a two-hundred day simple moving average of $39.87. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of -309.70 and a beta of 1.22. Viavi Solutions has a one year low of $10.44 and a one year high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Viavi Solutions had a positive return on equity of 19.60% and a negative net margin of 2.00%.The business had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. During the same period in the prior year, the company earned $0.13 EPS. Viavi Solutions’s revenue for the quarter was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. As a group, research analysts predict that Viavi Solutions will post 1.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VIAV. B. Riley Financial decreased their target price on Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Susquehanna boosted their price objective on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research note on Wednesday, July 1st. Wall Street Zen raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings lowered shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Finally, Stifel Nicolaus lifted their target price on shares of Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $49.88.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Viavi Solutions in the 2nd quarter valued at approximately $1,228,529,000. Arrowstreet Capital Limited Partnership boosted its position in Viavi Solutions by 431.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after acquiring an additional 5,389,435 shares during the last quarter. Bank of America Corp DE acquired a new position in Viavi Solutions during the 2nd quarter worth approximately $134,922,000. Allspring Global Investments Holdings LLC bought a new position in shares of Viavi Solutions during the 1st quarter worth approximately $75,294,000. Finally, Invesco Ltd. grew its stake in shares of 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 acquiring an additional 2,045,702 shares in the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

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.