VIAV Stock Analysis: Viavi Solutions | NASDAQ

Test Instruments, Optical Coatings, Anti-Counterfeiting, Network Monitoring

Total Rating 46

Safety 33

Buy Signal 0.46

Communication Equipment
Industry Rotation: -46.1

Market Cap: 6.47B
Avg Turnover: 181M

Risk 3d forecast

Volatility112%

VaR 5^th Pctl17.2%

VaR vs Median-5.34%

Reward TTM

Sharpe Ratio0.96

Rel. Str. IBD23.8

Rel. Str. Peer Group44.2 pctl

Character TTM

Beta2.028

Beta Downside1.512

Hurst Exponent0.412

Choppyness62.1%

Drawdowns 3y

Max DD52.47%

CAGR/Max DD1.04

CAGR/Mean DD3.56

EPS (Earnings per Share)

EPS CAGR: 55.70%
EPS Trend: 90.3%

Last SUE: 4.00
Qual. Beats: 8

Revenue

Rev. CAGR: 19.94%
Rev. Trend: 90.1%

Last SUE: 2.92
Qual. Beats: 6

Warnings

P/E Ratio 101.2

Strong Share Dilution

Altman Z'' In Financial Distress Zone

Below Sma 200d

Tailwinds

Pead

Confidence

Seasonality 11.7 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 -1.7% 18

Sep -4.5% 18

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 U.S.-based communications equipment provider headquartered in Chandler, Arizona, that delivers test and measurement and optical technologies to military, aerospace, railway, and first-responder communications markets across the Americas, EMEA, and Asia-Pacific. Founded in 1923 and formerly known as JDS Uniphase Corporation, the company has been public since 1993 and carries a large-cap market capitalization of roughly $10.1 billion. Its diversified revenue base spans two operating segments: Network and Service Enablement (NSE), which offers test, monitoring, assurance, and resilient positioning, navigation, and timing (PNT) solutions for critical infrastructure, along with instruments, software, and lifecycle services; and Optical Security and Performance Products (OSP), which applies proprietary optical coating and high-volume manufacturing capabilities to anti-counterfeiting, 3D sensing, government/aerospace, automotive, and industrial end markets. The dual-segment model blends recurring service and software support revenue with component-level optical sales, positioning Viavi across both telecom infrastructure workflows and broader industrial sensing applications.

Headlines to Watch Out For

5G and fiber capex cycle drives NSE test equipment demand
3D sensing revenue from consumer electronics anchors OSP segment
Defense and aerospace optical orders offset telecom cyclicality

Piotroski VR-10 (Strict) 6.0

Net Income: 67.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.22 > 1.0
NWC/Revenue: 26.54% < 20% (prev 43.03%; Δ -16.49% < -1%)
CFO/TA 0.04 > 3% & CFO 113.9m > Net Income 67.0m
Net Debt (170.1m) to EBITDA (273.0m): 0.62 < 3
Current Ratio: 1.65 > 1.5 & < 3
Outstanding Shares: last quarter (266.2m) vs 12m ago 19.43% < -2%
Gross Margin: 58.94% > 18% (prev 56.65%; Δ 2.29% > 0.5%)
Asset Turnover: 72.30% > 50% (prev 55.00%; Δ 17.29% > 0%)
Interest Coverage Ratio: 3.27 > 6 (EBIT TTM 164.7m / Interest Expense TTM 50.3m)

Altman Z'' -15.00

A: 0.17 (Total Current Assets 1.14b - Total Current Liabilities 687.2m) / Total Assets 2.59b
B: -26.92 (Retained Earnings -69.7b / Total Assets 2.59b)
C: 0.07 (EBIT TTM 164.7m / Avg Total Assets 2.34b)
D: 1.05 (Book Value of Equity 1.32b / Total Liabilities 1.26b)
Altman-Z'' = -85.04 = D

Beneish M -2.75

DSRI: 0.83 (Receivables 335.0m/273.8m, Revenue 1.69b/1.15b)
GMI: 0.96 (GM 56.65% / 58.94%)
AQI: 1.20 (AQ_t 0.47 / AQ_t-1 0.39)
SGI: 1.47 (Revenue 1.69b / 1.15b)
TATA: -0.02 (NI 67.0m - CFO 113.9m) / TA 2.59b)
Beneish M = -2.75 (Cap -4..+1) = A

What is the price of VIAV shares?

As of November 09, 2026, the stock is trading at USD 28.47 with a total of 13,125,680 shares traded. Over the past week, the price has changed by -4.85%, over one month by -40.86%, over three months by -29.86% and over the past year by +62.31%.

Current recommended Stop Loss: 25.00 (which is 12.2% or 1.2 ATR below the current price).

Is VIAV a buy, sell or hold?

Viavi Solutions has received a consensus analysts rating of 4.63. Therefore, it is recommended to buy VIAV.

StrongBuy: 6
Buy: 1
Hold: 1
Sell: 0
StrongSell: 0

What are the forecasts/targets for the VIAV price?

Analysts Target Price	62.6	119.8%

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

Market Cap USD = 6.47b (6.47b USD * 1.0 USD.USD)
P/E Trailing = 101.1539
P/E Forward = 17.6367
P/S = 3.8305
P/B = 4.9881
P/EG = 1.3402
Revenue TTM = 1.69b USD
EBIT TTM = 164.7m USD
EBITDA TTM = 273.0m USD
Long Term Debt = 397.1m USD (from longTermDebt, last fiscal year)
Short Term Debt = 245.1m USD (from shortTermDebt, last quarter)
Debt = 698.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 56.4m
Net Debt = 170.1m USD (calculated: Debt 698.9m - CCE 528.8m)
Enterprise Value = 6.64b USD (6.47b + Debt 698.9m - CCE 528.8m)
Interest Coverage Ratio = 3.27 (Ebit TTM 164.7m / Interest Expense TTM 50.3m)
EV/FCF = 80.17x (Enterprise Value 6.64b / FCF TTM 82.8m)
FCF Yield = 1.25% (FCF TTM 82.8m / Enterprise Value 6.64b)
FCF Margin = 4.90% (FCF TTM 82.8m / Revenue TTM 1.69b)
Net Margin = 3.97% (Net Income TTM 67.0m / Revenue TTM 1.69b)
Gross Margin = 58.94% ((Revenue TTM 1.69b - Cost of Revenue TTM 693.3m) / Revenue TTM)
Gross Margin QoQ = 61.22% (prev 62.49%)
Tobins Q-Ratio = 2.56 (Enterprise Value 6.64b / Total Assets 2.59b)
Interest Expense / Debt = 7.20% (Interest Expense 50.3m / Debt 698.9m)
Taxrate = 38.19% (40.4m / 105.8m)
NOPAT = 101.8m (EBIT 164.7m * (1 - 38.19%))
Current Ratio = 1.65 (Total Current Assets 1.14b / Total Current Liabilities 687.2m)
Debt / Equity = 0.53 (Debt 698.9m / totalStockholderEquity, last quarter 1.32b)
Debt / EBITDA = 0.62 (Net Debt 170.1m / EBITDA 273.0m)
Debt / FCF = 2.05 (Net Debt 170.1m / FCF TTM 82.8m)
Total Stockholder Equity = 1.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.87% (Net Income 67.0m / Total Assets 2.59b)
RoE = 6.02% (Net Income TTM 67.0m / Total Stockholder Equity 1.11b)
RoCE = 10.90% (EBIT 164.7m / Capital Employed (Equity 1.11b + L.T.Debt 397.1m))
RoIC = 4.94% (NOPAT 101.8m / Invested Capital 2.06b)
WACC = 11.66% (E(6.47b)/V(7.17b) * Re(12.44%) + D(698.9m)/V(7.17b) * Rd(7.20%) * (1-Tc(0.38)))
Discount Rate = 12.44% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 69.53 | Cagr: 8.21%
[DCF] Terminal Value 68.04% ; FCFF base≈74.5m ; Y1≈85.4m ; Y5≈125.7m
[DCF] Fair Price = 4.15 (EV 1.19b - Net Debt 170.1m = Equity 1.02b / Shares 245.9m; r=11.66% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 90.29 | EPS CAGR: 55.70% | SUE: 4.0 | # QB: 8
Revenue Correlation: 90.11 | Revenue CAGR: 19.94% | SUE: 2.92 | # QB: 6
EPS current Quarter (2026-12-31): EPS=0.40 | Chg30d=+1.10% | Revisions=+67% | Analysts=7
EPS next Quarter (2027-03-31): EPS=0.40 | Chg30d=-0.47% | Revisions=+67% | Analysts=7
EPS current Year (2027-06-30): EPS=1.64 | Chg30d=+0.07% | Revisions=+0% | GrowthEPS=+64.4% | GrowthRev=+24.3%
EPS next Year (2028-06-30): EPS=1.95 | Chg30d=+0.00% | Revisions=+17% | GrowthEPS=+18.7% | GrowthRev=+13.5%
[Analyst] Revisions Ratio: +72% (up=14, down=1)