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

Viavi Solutions Inc. (NASDAQ:VIAV) was the recipient of unusually large options trading activity on Monday. Investors purchased 13,471 call options on the company. This represents an increase of approximately 64% compared to the average volume of 8,207 call options.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $46.26 on Tuesday. Viavi Solutions has a twelve month low of $10.44 and a twelve month high of $60.43. The firm has a 50-day moving average of $43.18 and a two-hundred day moving average of $40.05. The company has a market capitalization of $10.82 billion, a price-to-earnings ratio of -308.38 and a beta of 1.22. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.27.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same period last year, the company posted $0.13 earnings per share. The business’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, analysts expect that Viavi Solutions will post 1.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on VIAV. Susquehanna raised their price objective on 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 decreased their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Needham & Company LLC lowered their price objective on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Zacks Research upgraded shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings cut Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.88.

Insider Activity

In related news, EVP Paul Mcnab sold 1,595 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the completion of the sale, the executive vice president directly owned 13,876 shares in the company, valued at approximately $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VIAV. Jefferies Financial Group Inc. bought a new position in Viavi Solutions in the 2nd quarter worth $1,026,000. Public Employees Retirement System of Ohio bought a new position in shares of Viavi Solutions during the second quarter valued at $3,491,000. Ma Investment Partnership LP bought a new position in shares of Viavi Solutions in the second quarter valued at approximately $23,875,000. Corient Private Wealth LP bought a new position in shares of Viavi Solutions in the second quarter valued at about $268,000. Finally, Bank of America Corp DE acquired a new position in Viavi Solutions during the 2nd quarter worth $134,922,000. 95.54% of the stock is owned by institutional investors.

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.