(VIAV) Viavi Solutions - NASDAQ
Sector: Technology | Industry: Communication Equipment | Exchange: NASDAQ (USA) | Market Cap: 11.732m USD | Total Return: 436.2% in 12m
Avg Turnover: 307M
EPS Trend: 55.0%
Qual. Beats: 3
Rev. Trend: 66.9%
Qual. Beats: 4
Warnings
Altman Z'' -15.00 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Rs Leader, Idiosyncratic Leader, Confidence
Viavi Solutions Inc. (NASDAQ: VIAV), formerly JDS Uniphase, provides testing, monitoring, and assurance solutions for global telecommunications, enterprise, and aerospace sectors. The company operates through two primary segments: Network and Service Enablement (NSE) and Optical Security and Performance Products (OSP).
The NSE segment focuses on optimizing network systems through hardware and software licenses, serving the transition to 5G and cloud-based infrastructures. This sector is characterized by high barriers to entry due to the specialized technical expertise required for high-frequency signal testing and network security.
The OSP segment utilizes thin-film optical coating technologies for anti-counterfeiting features in currency and 3D sensing applications. This business model relies on long-term government contracts and intellectual property related to light management and material science.
A deeper look at the performance metrics on ValueRay can provide further context for these segments. Viavi maintains a strategic focus on quantum security and advanced network intelligence through partnerships to address evolving cybersecurity requirements.
- Telecommunications service provider capital expenditure cycles dictate demand for network testing equipment
- Anti-counterfeiting pigment sales for global banknotes drive high-margin optical security revenue
- 5G network densification and 6G development accelerate adoption of wireless testing solutions
- 3D sensing technology integration in consumer electronics impacts optical segment growth trajectory
| 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 (207.0m): 3.34 < 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: 2.70 > 6 (EBIT TTM 111.4m / 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: 0.05 (EBIT TTM 111.4m / Avg Total Assets 2.23b) |
| D: 0.50 (Book Value of Equity 846.5m / Total Liabilities 1.68b) |
| Altman-Z'' = -88.01 = D |
| DSRI: 0.95 (Receivables 345.0m/279.0m, Revenue 1.37b/1.05b) |
| GMI: 1.03 (GM 57.24% / 55.69%) |
| AQI: 1.15 (AQ_t 0.50 / 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 = -2.74 (Cap -4..+1) = A |
As of June 12, 2026, the stock is trading at USD 50.24 with a total of 3,842,449 shares traded.
Over the past week, the price has changed by -5.58%,
over one month by -8.54%,
over three months by +66.97% and
over the past year by +436.18%.
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 | 64.4 | 28.2% |
P/E Forward = 42.3729
P/S = 8.8274
P/B = 15.4102
P/EG = 1.3402
Revenue TTM = 1.37b USD
EBIT TTM = 111.4m USD
EBITDA TTM = 207.0m 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 = 12.4b USD (11.7b + Debt 1.19b - CCE 500.8m)
Interest Coverage Ratio = 2.70 (Ebit TTM 111.4m / Interest Expense TTM 41.2m)
EV/FCF = 273.0x (Enterprise Value 12.4b / FCF TTM 45.5m)
FCF Yield = 0.37% (FCF TTM 45.5m / Enterprise Value 12.4b)
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 = 4.91 (Enterprise Value 12.4b / Total Assets 2.53b)
Interest Expense / Debt = 3.46% (Interest Expense 41.2m / Debt 1.19b)
Taxrate = 11.22% (4.40m / 39.2m)
NOPAT = 98.9m (EBIT 111.4m * (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 = 3.34 (Net Debt 691.4m / EBITDA 207.0m)
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 = 6.82% (EBIT 111.4m / Capital Employed (Equity 796.2m + L.T.Debt 836.3m))
RoIC = 4.79% (NOPAT 98.9m / Invested Capital 2.06b)
WACC = 10.78% (E(11.7b)/V(12.9b) * Re(11.56%) + D(1.19b)/V(12.9b) * Rd(3.46%) * (1-Tc(0.11)))
Discount Rate = 11.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 35.96 | Cagr: 5.01%
[DCF] Terminal Value 64.61% ; FCFF base≈53.7m ; Y1≈47.1m ; Y5≈38.1m
[DCF] Fair Price = N/A (negative equity: EV 437.5m - Net Debt 691.4m = -253.9m; debt exceeds intrinsic value)
EPS Correlation: 54.97 | EPS CAGR: 19.26% | SUE: 2.65 | # QB: 3
Revenue Correlation: 66.85 | Revenue CAGR: 7.61% | SUE: 2.89 | # QB: 4
EPS next Quarter (2026-09-30): EPS=0.28 | Chg30d=+20.06% | Revisions=+64% | Analysts=7
EPS current Year (2026-06-30): EPS=0.94 | Chg30d=+12.13% | Revisions=+67% | GrowthEPS=+99.4% | GrowthRev=+39.1%
EPS next Year (2027-06-30): EPS=1.28 | Chg30d=+23.41% | Revisions=+67% | GrowthEPS=+36.6% | GrowthRev=+18.6%
[Analyst] Revisions Ratio: +67%