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

Viavi Solutions Inc. (NASDAQ:VIAV) saw some unusual options trading on Thursday. Stock investors acquired 4,540 call options on the stock. This represents an increase of 104% compared to the typical volume of 2,223 call options.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, CEO Oleg Khaykin sold 85,836 shares of Viavi Solutions stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $17.63, for a total value of $1,513,288.68. Following the transaction, the chief executive officer directly owned 2,025,005 shares of the company’s stock, valued at $35,700,838.15. The trade was a 4.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Christopher Siebert sold 24,225 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $18.26, for a total value of $442,348.50. Following the completion of 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 SEC filing for this sale provides additional information. Insiders sold 606,226 shares of company stock worth $10,714,820 over the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

A number of hedge funds have recently made changes to their positions in the stock. Covestor Ltd boosted its holdings in Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after acquiring an additional 676 shares in the last quarter. Lido Advisors LLC raised its position in shares of Viavi Solutions by 3.0% in the 3rd quarter. Lido Advisors LLC now owns 24,082 shares of the communications equipment provider’s stock worth $306,000 after purchasing an additional 697 shares during the last quarter. GAMMA Investing LLC boosted its stake in Viavi Solutions by 33.6% in the 3rd 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 in the last quarter. Nisa Investment Advisors LLC grew its position in Viavi Solutions by 32.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock valued at $47,000 after purchasing an additional 898 shares during the last quarter. Finally, Amalgamated Bank grew its position in Viavi Solutions by 1.8% during the 3rd quarter. Amalgamated Bank now owns 64,746 shares of the communications equipment provider’s stock valued at $822,000 after purchasing an additional 1,165 shares during the last quarter. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Stock Up 5.9%

Shares of NASDAQ:VIAV opened at $18.85 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.74 and a current ratio of 1.99. Viavi Solutions has a 52-week low of $8.10 and a 52-week high of $19.75. The firm has a market capitalization of $4.21 billion, a P/E ratio of 269.29 and a beta of 0.94. The stock has a 50 day moving average price of $17.79 and a 200-day moving average price of $13.92.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. B. Riley upgraded shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viavi Solutions in a research report on Monday, December 29th. Rosenblatt Securities increased their price objective on Viavi Solutions from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. UBS Group boosted their target price on Viavi Solutions from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Needham & Company LLC raised their price target on Viavi Solutions from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.44.

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.