Viavi Solutions Inc. (NASDAQ:VIAV) was the target of some unusual options trading on Monday. Stock traders acquired 1,698 put options on the stock. This represents an increase of approximately 1,687% compared to the average volume of 95 put options.
Shares of Viavi Solutions (NASDAQ:VIAV) opened at $8.73 on Thursday. Viavi Solutions has a 12 month low of $8.13 and a 12 month high of $11.89. The stock has a market capitalization of $2,030.87, a P/E ratio of 29.77, a PEG ratio of 1.46 and a beta of 1.19. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.20.
Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. Viavi Solutions had a return on equity of 8.99% and a net margin of 10.57%. The company had revenue of $195.20 million for the quarter, compared to analysts’ expectations of $183.89 million. During the same quarter in the prior year, the business posted $0.09 EPS. The business’s revenue was down 7.4% compared to the same quarter last year. research analysts forecast that Viavi Solutions will post 0.31 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in VIAV. Creative Planning raised its stake in shares of Viavi Solutions by 177.9% during the 2nd quarter. Creative Planning now owns 11,302 shares of the communications equipment provider’s stock worth $119,000 after purchasing an additional 7,235 shares in the last quarter. Aperio Group LLC raised its stake in shares of Viavi Solutions by 12.3% during the 2nd quarter. Aperio Group LLC now owns 90,782 shares of the communications equipment provider’s stock worth $956,000 after purchasing an additional 9,964 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Viavi Solutions by 4.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 54,370 shares of the communications equipment provider’s stock worth $573,000 after purchasing an additional 2,080 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Viavi Solutions by 2.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 326,773 shares of the communications equipment provider’s stock worth $3,437,000 after purchasing an additional 7,222 shares in the last quarter. Finally, Suffolk Capital Management LLC increased its holdings in shares of Viavi Solutions by 4.4% during the 2nd quarter. Suffolk Capital Management LLC now owns 153,191 shares of the communications equipment provider’s stock worth $1,613,000 after acquiring an additional 6,496 shares during the last quarter. Institutional investors own 92.49% of the company’s stock.
VIAV has been the topic of several research reports. Zacks Investment Research cut Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. BidaskClub cut Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Thursday, October 12th. Stifel Nicolaus restated a “hold” rating on shares of Viavi Solutions in a research note on Tuesday, October 24th. Finally, B. Riley restated a “buy” rating and issued a $12.50 target price on shares of Viavi Solutions in a research note on Sunday, August 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.78.
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About Viavi Solutions
Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.
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