VIAV Stock Analysis: Viavi Solutions | NASDAQ

Network Testers, Monitoring Software, Optical Coatings, Security

Total Rating 65

Safety 39

Buy Signal 1.60

Communication Equipment
Industry Rotation: +3.1

Market Cap: 8.60B
Avg Turnover: 145M

Risk 3d forecast

Volatility81.7%

VaR 5^th Pctl12.1%

VaR vs Median-7.45%

Reward TTM

Sharpe Ratio1.94

Rel. Str. IBD96.2

Rel. Str. Peer Group85

Character TTM

Beta1.938

Beta Downside1.409

Hurst Exponent0.356

Drawdowns 3y

Max DD41.75%

CAGR/Max DD1.43

CAGR/Mean DD4.06

EPS (Earnings per Share)

EPS CAGR: 36.65%
EPS Trend: 81.6%

Last SUE: 3.07
Qual. Beats: 7

Revenue

Rev. CAGR: 13.78%
Rev. Trend: 83.7%

Last SUE: 2.09
Qual. Beats: 5

Warnings

Altman Z'' In Financial Distress Zone

Tailwinds

Rs Leader

Idiosyncratic Leader

Confidence

Seasonality 11.6 years of data

Jan +0.4% 19

Feb +2.0% 18

Mar +0.1% 7

Apr -3.0% 30

May +2.0% 5

Jun -1.5% 8

Jul +0.3% 5

Aug -1.1% 14

Sep -5.6% 30

Oct +1.5% 14

Nov -0.8% 13

Dec -0.9% 11

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: VIAV Viavi Solutions

Viavi Solutions Inc. (NASDAQ: VIAV) is a Chandler, Arizona-based provider of network test, monitoring, and assurance solutions serving telecommunications, cloud, enterprises, first responders, military, aerospace, and critical infrastructure customers across the Americas, Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Network and Service Enablement (NSE), which delivers testing, monitoring, assurance, and AIOps-related software and instruments for wireless, wireline, cloud, satellite, and public safety networks, and Optical Security and Performance Products (OSP), which applies the companys optical coating and volume manufacturing capabilities to anti-counterfeiting, 3D sensing, government, aerospace, automotive, and industrial markets.

Viavi also maintains a strategic partnership with QuNu Labs focused on quantum security and advanced network intelligence technologies, and offers recurring product support and professional services such as repair, calibration, and software support alongside its perpetual license software business. Originally founded in 1923, the company was formerly known as JDS Uniphase Corporation and is classified within the Communications Equipment sub-industry of the Information Technology sector, a category that includes vendors of networking hardware, test and measurement gear, and related optical components sold to carriers and large enterprises.

Headlines to Watch Out For

5G and fiber buildouts fuel NSE network test demand
Apple 3D sensing orders lift OSP segment revenue
Telecom capex cycles expose revenue to operator spending
Cloud and data center expansion drives assurance solutions growth

Piotroski VR-10 (Strict) 5.0

Net Income: -30.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.05 > 1.0
NWC/Revenue: 37.94% < 20% (prev 27.25%; Δ 10.68% < -1%)
CFO/TA 0.04 > 3% & CFO 113.9m > Net Income -30.4m
Net Debt (105.4m) to EBITDA (158.6m): 0.66 < 3
Current Ratio: 1.85 > 1.5 & < 3
Outstanding Shares: last quarter (229.5m) vs 12m ago 1.10% < -2%
Gross Margin: 57.66% > 18% (prev 56.84%; Δ 0.82% > 0.5%)
Asset Turnover: 64.62% > 50% (prev 54.38%; Δ 10.23% > 0%)
Interest Coverage Ratio: 1.28 > 6 (EBIT TTM 60.6m / Interest Expense TTM 47.4m)

Altman Z'' -15.00

A: 0.21 (Total Current Assets 1.26b - Total Current Liabilities 680.5m) / Total Assets 2.71b
B: -25.76 (Retained Earnings -69.7b / Total Assets 2.71b)
C: 0.03 (EBIT TTM 60.6m / Avg Total Assets 2.35b)
D: 1.15 (Book Value of Equity 1.45b / Total Liabilities 1.26b)
Altman-Z'' = -81.19 = D

Beneish M -2.83

DSRI: 0.86 (Receivables 351.3m/293.2m, Revenue 1.52b/1.08b)
GMI: 0.99 (GM 56.84% / 57.66%)
AQI: 1.07 (AQ_t 0.45 / AQ_t-1 0.42)
SGI: 1.40 (Revenue 1.52b / 1.08b)
TATA: -0.05 (NI -30.4m - CFO 113.9m) / TA 2.71b)
Beneish M = -2.83 (Cap -4..+1) = A

What is the price of VIAV shares?

As of September 10, 2026, the stock is trading at USD 39.18 with a total of 5,122,414 shares traded. Over the past week, the price has changed by +12.55%, over one month by +5.32%, over three months by -15.61% and over the past year by +235.16%.

Current recommended Stop Loss: 34.70 (which is 11.4% or 1.7 ATR below the current price).

Is VIAV a buy, sell or hold?

Viavi Solutions has received a consensus analysts rating of 3.78. Therefore, it is recommended to hold VIAV.

StrongBuy: 4
Buy: 1
Hold: 3
Sell: 0
StrongSell: 1

What are the forecasts/targets for the VIAV price?

Analysts Target Price	61.4	56.8%

Viavi Solutions (VIAV) - Fundamental Data Overview as of 07 September 2026

Market Cap USD = 8.60b (8.60b USD * 1.0 USD.USD)
P/E Forward = 20.3666
P/S = 5.6653
P/B = 5.7271
P/EG = 1.3402
Revenue TTM = 1.52b USD
EBIT TTM = 60.6m USD
EBITDA TTM = 158.6m USD
Long Term Debt = 397.1m USD (from longTermDebt, last quarter)
Short Term Debt = 257.1m USD (from shortTermDebt, last quarter)
Debt = 755.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 56.4m
Net Debt = 105.4m USD (calculated: Debt 755.2m - CCE 649.8m)
Enterprise Value = 8.71b USD (8.60b + Debt 755.2m - CCE 649.8m)
Interest Coverage Ratio = 1.28 (Ebit TTM 60.6m / Interest Expense TTM 47.4m)
EV/FCF = 105.2x (Enterprise Value 8.71b / FCF TTM 82.8m)
FCF Yield = 0.95% (FCF TTM 82.8m / Enterprise Value 8.71b)
FCF Margin = 5.45% (FCF TTM 82.8m / Revenue TTM 1.52b)
Net Margin = -2.00% (Net Income TTM -30.4m / Revenue TTM 1.52b)
Gross Margin = 57.66% ((Revenue TTM 1.52b - Cost of Revenue TTM 642.9m) / Revenue TTM)
Gross Margin QoQ = 62.49% (prev 55.73%)
Tobins Q-Ratio = 3.22 (Enterprise Value 8.71b / Total Assets 2.71b)
Interest Expense / Debt = 6.28% (Interest Expense 47.4m / Debt 755.2m)
Taxrate = 25.85% (11.4m / 44.1m)
NOPAT = 44.9m (EBIT 60.6m * (1 - 25.85%))
Current Ratio = 1.85 (Total Current Assets 1.26b / Total Current Liabilities 680.5m)
Debt / Equity = 0.52 (Debt 755.2m / totalStockholderEquity, last quarter 1.45b)
Debt / EBITDA = 0.66 (Net Debt 105.4m / EBITDA 158.6m)
Debt / FCF = 1.27 (Net Debt 105.4m / FCF TTM 82.8m)
Total Stockholder Equity = 963.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.29% (Net Income -30.4m / Total Assets 2.71b)
RoE = -3.16% (Net Income TTM -30.4m / Total Stockholder Equity 963.3m)
RoCE = 4.45% (EBIT 60.6m / Capital Employed (Equity 963.3m + L.T.Debt 397.1m))
RoIC = 2.04% (NOPAT 44.9m / Invested Capital 2.21b)
WACC = 12.14% (E(8.60b)/V(9.36b) * Re(12.80%) + D(755.2m)/V(9.36b) * Rd(6.28%) * (1-Tc(0.26)))
Discount Rate = 12.80% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 55.82 | Cagr: 1.29%
[DCF] Terminal Value 66.72% ; FCFF base≈74.5m ; Y1≈85.4m ; Y5≈125.7m
[DCF] Fair Price = 4.15 (EV 1.13b - Net Debt 105.4m = Equity 1.02b / Shares 246.7m; r=12.14% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 81.63 | EPS CAGR: 36.65% | SUE: 3.07 | # QB: 7
Revenue Correlation: 83.67 | Revenue CAGR: 13.78% | SUE: 2.09 | # QB: 5
EPS current Quarter (2026-09-30): EPS=0.41 | Chg30d=+45.36% | Revisions=+67% | Analysts=7
EPS next Quarter (2026-12-31): EPS=0.40 | Chg30d=+28.16% | Revisions=+67% | Analysts=7
EPS current Year (2027-06-30): EPS=1.64 | Chg30d=+32.25% | Revisions=+67% | GrowthEPS=+64.4% | GrowthRev=+24.3%
EPS next Year (2028-06-30): EPS=1.95 | Chg30d=+5.75% | Revisions=+17% | GrowthEPS=+18.7% | GrowthRev=+13.4%
[Analyst] Revisions Ratio: +79% (up=20, down=1)