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

Viavi Solutions Inc. (NASDAQ:VIAV) was the target of unusually large options trading on Wednesday. Stock traders acquired 8,808 call options on the company. This represents an increase of 212% compared to the typical volume of 2,823 call options.

Viavi Solutions Stock Up 5.6%

Shares of VIAV opened at $34.25 on Friday. The company’s 50-day simple moving average is $25.89 and its 200-day simple moving average is $19.01. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.32 and a current ratio of 2.61. Viavi Solutions has a 1 year low of $8.10 and a 1 year high of $35.61. The stock has a market capitalization of $7.93 billion, a PE ratio of -190.27 and a beta of 0.92.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The firm had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.25 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. Analysts forecast that Viavi Solutions will post 0.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Viavi Solutions news, CEO Oleg Khaykin sold 74,315 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $26.48, for a total value of $1,967,861.20. Following the transaction, the chief executive officer owned 1,849,437 shares of the company’s stock, valued at $48,973,091.76. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Gary W. Staley sold 24,237 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $23.93, for a total transaction of $579,991.41. Following the transaction, the senior vice president directly owned 136,267 shares of the company’s stock, valued at approximately $3,260,869.31. This trade represents a 15.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 485,772 shares of company stock valued at $12,736,803. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

Large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of Viavi Solutions by 11.5% in the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after acquiring an additional 18,910 shares in the last quarter. AQR Capital Management LLC grew its stake in Viavi Solutions by 110.5% during the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock worth $377,000 after purchasing an additional 17,673 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Viavi Solutions by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock worth $1,467,000 after purchasing an additional 5,775 shares in the last quarter. Millennium Management LLC increased its holdings in Viavi Solutions by 205.4% during the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock worth $5,335,000 after purchasing an additional 320,662 shares during the period. Finally, United Services Automobile Association purchased a new stake in Viavi Solutions during the 1st quarter worth about $165,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Key Headlines Impacting Viavi Solutions

Here are the key news stories impacting Viavi Solutions this week:

• Positive Sentiment: New product: VIAVI launched “Observer Threat Forensics,” a NetSecOps-focused tool that provides retrospective (“look‑back”) analysis across packet, flow and log telemetry — a capability aimed at post‑detection breach investigations and faster triage. The release positions VIAV toward enterprise security visibility demand and will be demoed at RSA Conference next week, which can drive customer interest and short‑term investor attention. VIAVI Launches Observer Threat Forensics for NetSecOps with Advanced Retrospective Analysis
• Positive Sentiment: Analyst upgrade/price target boost: Rosenblatt raised its price target to $42 and kept a Buy rating, a sizable lift that likely attracted buyers and helped sentiment around growth opportunities tied to the new security offering. Benzinga
• Positive Sentiment: Bullish options flow: Unusually large call buying (≈8,800 calls, ~212% above average) suggests speculative or hedged bullish activity from traders expecting further upside near term — often correlated with event-driven moves like product launches or conferences.
• Neutral Sentiment: Market commentary/coverage: Multiple outlets and trade press (MSN, SDxCentral, The Fast Mode) are explaining and amplifying the product launch and RSAC demonstrations, which increases visibility but doesn’t guarantee adoption or revenue — useful for short‑term momentum. Why is Viavi Solutions (VIAV) stock soaring today?
• Neutral Sentiment: Third‑party analysis: QuiverQuant and industry writeups tie today’s price action to the Observer Threat Forensics announcement and RSA positioning; these pieces summarize catalysts but also note mixed institutional activity and variable analyst targets. Viavi Solutions shares rise on cybersecurity product launch and RSAC positioning
• Negative Sentiment: Heavy insider selling: Public filings and coverage show numerous insider sales over the last six months (multiple executives), which can be perceived as a cautionary signal about near‑term insider conviction even as company news is positive — worth monitoring for timing/context of sales. Viavi Solutions shares rise on cybersecurity product launch and RSAC positioning

Analysts Set New Price Targets

Several brokerages have recently commented on VIAV. Needham & Company LLC upped their price objective on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wall Street Zen downgraded shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Stifel Nicolaus boosted their target price on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Susquehanna upped their price target on Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Finally, Rosenblatt Securities raised their price target on Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

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.