Traders Buy Large Volume of Call Options on Viavi Solutions (NASDAQ:VIAV)

Viavi Solutions Inc. (NASDAQ:VIAV – Get Free Report) was the recipient of unusually large options trading activity on Friday. Investors acquired 17,135 call options on the company. This is an increase of 184% compared to the typical volume of 6,024 call options.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, EVP Ilan Daskal sold 56,290 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $36.29, for a total transaction of $2,042,764.10. Following the transaction, the executive vice president owned 10,132 shares in the company, valued at $367,690.28. The trade was a 84.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Laura A. Black sold 71,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the sale, the director directly owned 71,497 shares of the company’s stock, valued at $3,297,441.64. The trade was a 49.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 199,694 shares of company stock valued at $7,976,233 in the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HBK Investments L P bought a new stake in shares of Viavi Solutions in the 2nd quarter worth about $9,550,000. Tidal Investments LLC lifted its position in shares of Viavi Solutions by 697.1% during the second quarter. Tidal Investments LLC now owns 52,009 shares of the communications equipment provider’s stock worth $2,483,000 after purchasing an additional 45,484 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Viavi Solutions during the second quarter worth about $372,000. Integrated Wealth Concepts LLC bought a new position in shares of Viavi Solutions during the second quarter worth about $149,000. Finally, NewEdge Advisors LLC grew its stake in Viavi Solutions by 309.4% in the second quarter. NewEdge Advisors LLC now owns 1,130 shares of the communications equipment provider’s stock worth $54,000 after purchasing an additional 854 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on VIAV shares. Rosenblatt Securities reissued a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a research report on Wednesday, September 23rd. Wall Street Zen downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Susquehanna lifted their price objective on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research note on Wednesday, July 1st. B. Riley Financial reduced their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Needham & Company LLC decreased their target price on shares of Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and an average target price of $55.43.

Get Our Latest Stock Report on VIAV

Viavi Solutions Stock Up 7.6%

Shares of NASDAQ:VIAV traded up $3.41 during trading on Friday, hitting $48.19. The company’s stock had a trading volume of 3,825,545 shares, compared to its average volume of 6,047,133. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. Viavi Solutions has a fifty-two week low of $12.23 and a fifty-two week high of $60.43. The stock’s 50-day moving average price is $38.05 and its two-hundred day moving average price is $42.28. The company has a market capitalization of $11.89 billion, a PE ratio of -320.77 and a beta of 1.20.

Viavi Solutions (NASDAQ:VIAV – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating 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 firm had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. During the same quarter last year, the firm earned $0.13 EPS. Viavi Solutions’s quarterly revenue 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, sell-side analysts expect that Viavi Solutions will post 1.42 EPS for the current year.

About Viavi Solutions

(Get Free Report)

Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks, optical systems, and related industrial applications. Its solutions are used by network equipment manufacturers, communications service providers, contractors, and government organizations to install, validate, monitor, and maintain wired and wireless networks.

The company’s offerings include instruments and software for fiber-optic testing, network performance monitoring, service activation, troubleshooting, and assurance.

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