VIAV Stock Analysis: Viavi Solutions | NASDAQ

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

Total Rating 66

Safety 40

Buy Signal 1.25

Communication Equipment
Industry Rotation: +17.7

Market Cap: 11.8B
Avg Turnover: 221M

Risk 3d forecast

Volatility77.6%

VaR 5^th Pctl12.1%

VaR vs Median-4.79%

Reward TTM

Sharpe Ratio1.99

Rel. Str. IBD97.9

Rel. Str. Peer Group87.9

Character TTM

Beta1.994

Beta Downside1.420

Hurst Exponent0.377

Drawdowns 3y

Max DD41.75%

CAGR/Max DD1.92

CAGR/Mean DD5.60

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

Volatile

Tailwinds

Rs Leader

Idiosyncratic Leader

Confidence

Tailwind

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 -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 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) 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 October 10, 2026, the stock is trading at USD 45.46 with a total of 2,778,948 shares traded. Over the past week, the price has changed by -3.48%, over one month by +16.03%, over three months by +6.02% and over the past year by +259.08%.

Current recommended Stop Loss: 42.40 (which is 6.7% 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	61.4	35.1%

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

Market Cap USD = 11.8b (11.8b USD * 1.0 USD.USD)
P/E Forward = 22.0751
P/S = 7.7973
P/B = 6.2058
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 = 11.9b USD (11.8b + Debt 755.2m - CCE 649.8m)
Interest Coverage Ratio = 1.28 (Ebit TTM 60.6m / Interest Expense TTM 47.4m)
EV/FCF = 144.3x (Enterprise Value 11.9b / FCF TTM 82.8m)
FCF Yield = 0.69% (FCF TTM 82.8m / Enterprise Value 11.9b)
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 = 4.41 (Enterprise Value 11.9b / 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 = 12.50% (E(11.8b)/V(12.6b) * Re(13.0%) + D(755.2m)/V(12.6b) * Rd(6.28%) * (1-Tc(0.26)))
Discount Rate = 13.0% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 55.82 | Cagr: 1.29%
[DCF] Terminal Value 65.76% ; FCFF base≈74.5m ; Y1≈85.4m ; Y5≈125.7m
[DCF] Fair Price = 3.99 (EV 1.09b - Net Debt 105.4m = Equity 981.6m / Shares 245.9m; r=12.50% [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=-0.10% | Revisions=+67% | Analysts=6
EPS next Quarter (2026-12-31): EPS=0.40 | Chg30d=-1.09% | Revisions=+67% | Analysts=6
EPS current Year (2027-06-30): EPS=1.64 | Chg30d=-0.07% | Revisions=-25% | GrowthEPS=+64.2% | GrowthRev=+24.6%
EPS next Year (2028-06-30): EPS=1.95 | Chg30d=+0.00% | Revisions=+17% | GrowthEPS=+18.8% | GrowthRev=+13.2%
[Analyst] Revisions Ratio: +63% (up=14, down=2)