VIAV Stock Analysis: Viavi Solutions | NASDAQ
Communication Equipment | NASDAQ, USA | Market Cap: 10.277m USD | 12M Return: 314.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 315M
EPS Trend: 51.1%
Qual. Beats: 6
Rev. Trend: 66.9%
Qual. Beats: 4
Warnings
Tailwinds
Seasonality 10.5 years of data
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.
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.
- 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
| Net Income: -55.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -1.62 > 1.0 |
| NWC/Revenue: 29.38% < 20% (prev 27.80%; Δ 1.58% < -1%) |
| CFO/TA 0.03 > 3% & CFO 71.0m > Net Income -55.1m |
| Net Debt (691.4m) to EBITDA (120.0m): 5.76 < 3 |
| Current Ratio: 1.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (249.5m) vs 12m ago 9.96% < -2% |
| Gross Margin: 55.69% > 18% (prev 57.24%; Δ -1.55% > 0.5%) |
| Asset Turnover: 61.23% > 50% (prev 54.10%; Δ 7.13% > 0%) |
| Interest Coverage Ratio: 0.59 > 6 (EBIT TTM 24.4m / Interest Expense TTM 41.2m) |
| A: 0.16 (Total Current Assets 1.05b - Total Current Liabilities 652.5m) / Total Assets 2.53b |
| B: -27.58 (Retained Earnings -69.7b / Total Assets 2.53b) |
| C: 0.01 (EBIT TTM 24.4m / Avg Total Assets 2.23b) |
| D: 0.50 (Book Value of Equity 846.5m / Total Liabilities 1.68b) |
| Altman-Z'' = -88.27 = D |
| DSRI: 0.95 (Receivables 345.0m/279.0m, Revenue 1.37b/1.05b) |
| GMI: 1.03 (GM 57.24% / 55.69%) |
| AQI: 1.11 (AQ_t 0.48 / AQ_t-1 0.43) |
| SGI: 1.31 (Revenue 1.37b / 1.05b) |
| TATA: -0.05 (NI -55.1m - CFO 71.0m) / TA 2.53b) |
| Beneish M = -2.77 (Cap -4..+1) = A |
As of July 12, 2026, the stock is trading at USD 43.08 with a total of 3,325,005 shares traded. Over the past week, the price has changed by +3.41%, over one month by -7.99%, over three months by +3.09% and over the past year by +314.63%.
Current recommended Stop Loss: 35.20 (which is 18.3% or 2 ATR below the current price).
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
| Analysts Target Price | 64.6 | 49.9% |
P/E Forward = 33.3333
P/S = 7.525
P/B = 12.1347
P/EG = 1.3402
Revenue TTM = 1.37b USD
EBIT TTM = 24.4m USD
EBITDA TTM = 120.0m USD
Long Term Debt = 836.3m USD (from longTermDebt, last quarter)
Short Term Debt = 256.0m USD (from shortTermDebt, last quarter)
Debt = 1.19b USD (from shortLongTermDebtTotal, last quarter) + Leases 55.7m
Net Debt = 691.4m USD (calculated: Debt 1.19b - CCE 500.8m)
Enterprise Value = 11.0b USD (10.3b + Debt 1.19b - CCE 500.8m)
Interest Coverage Ratio = 0.59 (Ebit TTM 24.4m / Interest Expense TTM 41.2m)
EV/FCF = 241.1x (Enterprise Value 11.0b / FCF TTM 45.5m)
FCF Yield = 0.41% (FCF TTM 45.5m / Enterprise Value 11.0b)
FCF Margin = 3.33% (FCF TTM 45.5m / Revenue TTM 1.37b)
Net Margin = -4.03% (Net Income TTM -55.1m / Revenue TTM 1.37b)
Gross Margin = 55.69% ((Revenue TTM 1.37b - Cost of Revenue TTM 605.2m) / Revenue TTM)
Gross Margin QoQ = 55.73% (prev 55.32%)
Tobins Q-Ratio = 4.34 (Enterprise Value 11.0b / Total Assets 2.53b)
Interest Expense / Debt = 3.46% (Interest Expense 41.2m / Debt 1.19b)
Taxrate = 11.22% (4.40m / 39.2m)
NOPAT = 21.7m (EBIT 24.4m * (1 - 11.22%))
Current Ratio = 1.61 (Total Current Assets 1.05b / Total Current Liabilities 652.5m)
Debt / Equity = 1.41 (Debt 1.19b / totalStockholderEquity, last quarter 846.5m)
Debt / EBITDA = 5.76 (Net Debt 691.4m / EBITDA 120.0m)
Debt / FCF = 15.20 (Net Debt 691.4m / FCF TTM 45.5m)
Total Stockholder Equity = 796.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.47% (Net Income -55.1m / Total Assets 2.53b)
RoE = -6.92% (Net Income TTM -55.1m / Total Stockholder Equity 796.2m)
RoCE = 1.49% (EBIT 24.4m / Capital Employed (Equity 796.2m + L.T.Debt 836.3m))
RoIC = 1.05% (NOPAT 21.7m / Invested Capital 2.06b)
WACC = 10.65% (E(10.3b)/V(11.5b) * Re(11.53%) + D(1.19b)/V(11.5b) * Rd(3.46%) * (1-Tc(0.11)))
Discount Rate = 11.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 35.96 | Cagr: 5.01%
[DCF] Terminal Value 65.02% ; FCFF base≈53.7m ; Y1≈47.1m ; Y5≈38.1m
[DCF] Fair Price = N/A (negative equity: EV 444.0m - Net Debt 691.4m = -247.4m; debt exceeds intrinsic value)
EPS Correlation: 51.10 | EPS CAGR: 16.66% | SUE: 2.53 | # QB: 6
Revenue Correlation: 66.85 | Revenue CAGR: 7.61% | SUE: 2.89 | # QB: 4
EPS current Quarter (2026-09-30): EPS=0.28 | Chg30d=+0.50% | Revisions=+70% | Analysts=7
EPS current Year (2026-06-30): EPS=0.94 | Chg30d=+0.00% | Revisions=+73% | GrowthEPS=+99.4% | GrowthRev=+39.1%
EPS next Year (2027-06-30): EPS=1.29 | Chg30d=+0.39% | Revisions=+73% | GrowthEPS=+37.1% | GrowthRev=+19.1%
[Analyst] Revisions Ratio: +88% (up=23, down=0)