VIAV Stock Analysis: Viavi Solutions | NASDAQ

Network Testers, Monitoring Software, Optical Coatings, Security

Total Rating 64

Safety 43

Buy Signal 0.96

Communication Equipment
Industry Rotation: +21.3

Market Cap: 10.0B
Avg Turnover: 192M

Risk 3d forecast

Volatility89.6%

VaR 5^th Pctl13.2%

VaR vs Median-7.77%

Reward TTM

Sharpe Ratio2.03

Rel. Str. IBD94.6

Rel. Str. Peer Group80.4

Character TTM

Beta1.925

Beta Downside1.418

Hurst Exponent0.344

Drawdowns 3y

Max DD41.75%

CAGR/Max DD1.28

CAGR/Mean DD3.67

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

Below Avwap Earnings

Tailwinds

Rs Leader

Pead

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) 4.0

Net Income: -30.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA -1.63 > 1.0
NWC/Revenue: 37.94% < 20% (prev 27.25%; Δ 10.68% < -1%)
CFO/TA 0.03 > 3% & CFO 71.0m > Net Income -30.4m
Net Debt (487.0m) to EBITDA (186.2m): 2.62 < 3
Current Ratio: 1.85 > 1.5 & < 3
Outstanding Shares: last quarter (261.0m) vs 12m ago 14.98% < -2%
Gross Margin: 57.76% > 18% (prev 56.84%; Δ 0.92% > 0.5%)
Asset Turnover: 64.62% > 50% (prev 54.38%; Δ 10.23% > 0%)
Interest Coverage Ratio: 2.20 > 6 (EBIT TTM 90.6m / Interest Expense TTM 41.1m)

Altman Z'' -15.00

A: 0.21 (Total Current Assets 1.26b - Total Current Liabilities 680.5m) / Total Assets 2.71b
B: -25.77 (Retained Earnings -69.7b / Total Assets 2.71b)
C: 0.04 (EBIT TTM 90.6m / Avg Total Assets 2.35b)
D: 1.15 (Book Value of Equity 1.45b / Total Liabilities 1.26b)
Altman-Z'' = -81.14 = D

Beneish M -2.83

DSRI: 0.86 (Receivables 351.3m/293.2m, Revenue 1.52b/1.08b)
GMI: 0.98 (GM 56.84% / 57.76%)
AQI: 1.07 (AQ_t 0.45 / AQ_t-1 0.42)
SGI: 1.40 (Revenue 1.52b / 1.08b)
TATA: -0.04 (NI -30.4m - CFO 71.0m) / TA 2.71b)
Beneish M = -2.83 (Cap -4..+1) = A

What is the price of VIAV shares?

As of August 11, 2026, the stock is trading at USD 37.20 with a total of 4,372,005 shares traded. Over the past week, the price has changed by -1.46%, over one month by -13.65%, over three months by -32.28% and over the past year by +242.54%.

Current recommended Stop Loss: 33.10 (which is 11% or 1.2 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	65.1%

Viavi Solutions (VIAV) - Fundamental Data Overview as of 08 August 2026

Market Cap USD = 10.0b (10.0b USD * 1.0 USD.USD)
P/E Forward = 32.2581
P/S = 6.5949
P/B = 11.7529
P/EG = 1.3402
Revenue TTM = 1.52b USD
EBIT TTM = 90.6m USD
EBITDA TTM = 186.2m USD
Long Term Debt = 836.3m USD (from longTermDebt, two quarters ago)
Short Term Debt = 244.8m USD (from shortTermDebt, last quarter)
Debt = 1.14b USD (corrected: LT Debt 836.3m + ST Debt 244.8m) + Leases 55.7m
Net Debt = 487.0m USD (calculated: Debt 1.14b - CCE 649.8m)
Enterprise Value = 10.5b USD (10.0b + Debt 1.14b - CCE 649.8m)
Interest Coverage Ratio = 2.20 (Ebit TTM 90.6m / Interest Expense TTM 41.1m)
EV/FCF = 230.8x (Enterprise Value 10.5b / FCF TTM 45.5m)
FCF Yield = 0.43% (FCF TTM 45.5m / Enterprise Value 10.5b)
FCF Margin = 3.00% (FCF TTM 45.5m / Revenue TTM 1.52b)
Net Margin = -2.00% (Net Income TTM -30.4m / Revenue TTM 1.52b)
Gross Margin = 57.76% ((Revenue TTM 1.52b - Cost of Revenue TTM 641.4m) / Revenue TTM)
Gross Margin QoQ = 62.83% (prev 55.73%)
Tobins Q-Ratio = 3.88 (Enterprise Value 10.5b / Total Assets 2.71b)
Interest Expense / Debt = 3.62% (Interest Expense 41.1m / Debt 1.14b)
Taxrate = 26.21% (11.4m / 43.5m)
NOPAT = 66.9m (EBIT 90.6m * (1 - 26.21%))
Current Ratio = 1.85 (Total Current Assets 1.26b / Total Current Liabilities 680.5m)
Debt / Equity = 0.78 (Debt 1.14b / totalStockholderEquity, last quarter 1.45b)
Debt / EBITDA = 2.62 (Net Debt 487.0m / EBITDA 186.2m)
Debt / FCF = 10.70 (Net Debt 487.0m / FCF TTM 45.5m)
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 = 5.03% (EBIT 90.6m / Capital Employed (Equity 963.3m + L.T.Debt 836.3m))
RoIC = 3.05% (NOPAT 66.9m / Invested Capital 2.19b)
WACC = 11.72% (E(10.0b)/V(11.1b) * Re(12.75%) + D(1.14b)/V(11.1b) * Rd(3.62%) * (1-Tc(0.26)))
Discount Rate = 12.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 72.41 | Cagr: 7.24%
[DCF] Terminal Value 61.63% ; FCFF base≈53.7m ; Y1≈47.1m ; Y5≈38.1m
[DCF] Fair Price = N/A (negative equity: EV 394.5m - Net Debt 487.0m = -92.5m; debt exceeds intrinsic value)
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=+25% | Analysts=7
EPS next Quarter (2026-12-31): EPS=0.40 | Chg30d=+28.16% | Revisions=+25% | Analysts=7
EPS current Year (2027-06-30): EPS=1.64 | Chg30d=+32.17% | Revisions=+25% | GrowthEPS=+64.3% | GrowthRev=+24.3%
EPS next Year (2028-06-30): EPS=1.96 | Chg30d=+6.03% | Revisions=+25% | GrowthEPS=+19.1% | GrowthRev=+13.4%
[Analyst] Revisions Ratio: +57% (up=4, down=0)