Inside the research
Viavi Solutions Inc.
VIAV Research profile · latest available data
Price overview
$40.68
▲ +3.45 (+9.3%)
| 52w hi | $55.33 |
|---|---|
| 52w lo | $12.21 |
| Vol | 8.41M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.32
| Short | +0.14 |
|---|---|
| Medium | +0.45 |
| Long | +0.40 |
computed 2026-09-27
Key fundamentals
Viavi Solutions Inc.
Technology · Communication Equipment
| Market cap | $10.04B |
|---|---|
| Enterprise value | $10.09B |
| Forward P/E | 20.85x |
| EV / EBITDA | 36.17x |
| P / S (ttm) | 6.61x |
| Profit margin | -2.0% |
| Return on equity | -2.7% |
| Revenue growth | +52.5% |
| Earnings growth | +326.5% |
| Debt / equity | 48.24 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.20 | |
| Sector | +0.19 | |
| Technical | -0.21 | |
| Earnings | +0.00 | |
| Sentiment | +0.63 |
macro × 1.00 · 2026-09-27
Business overview
Viavi Solutions Inc. engages in the provision of test and measurement and optical technologies for military, aerospace, railway and first responder communications in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates in two segments, Network and Service Enablement (NSE) and Optical Security and Performance Products (OSP). The NSE segment provides integrated portfolio of test, monitoring, assurance, and resilient PNT solutions that enable and secure critical infrastructure. This segment also offers instruments, microprobes, and perpetual software licenses that support the development, production, maintenance, and optimization of network systems, as well as repair, calibration, extended warranty, software support, technical assistance, training, and consulting services. The OSP segment leverages its core optical coating technologies and volume manufacturing capability to design, manufacture, and sell technologies for the anti-counterfeiting, 3D sensing, government and aerospace, automotive, and industrial markets. The company was formerly known as JDS Uniphase Corporation. Viavi Solutions Inc. was founded in 1923 and is headquartered in Chandler, Arizona.
Risk Metrics
| Beta vs SPX | 1.32 |
|---|---|
| Corr SPX | 0.35 |
| Annual vol | 60.2% |
| Annual ret | +96.8% |
| Sharpe | 1.61 |
| Max DD | -41.7% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $64.43 |
|---|---|
| High / Low | $70.00 / $60.00 |
| Median | $65.00 |
| Analysts | 7 |
| Strong Buy | 1 | |
|---|---|---|
| Buy | 6 | |
| Hold | 1 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-04-30 | UBS | → Neutral |
| 2026-04-30 | Susquehanna | → Positive |
| 2026-04-30 | Needham | → Buy |
| 2026-04-24 | B. Riley Securities | → Buy |
| 2026-03-18 | Rosenblatt | → Buy |
| 2026-03-02 | Needham | → Buy |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-05 | Earnings Release, Exhibits | read |
| 2026-05-21 | Other Material Event, Exhibits | read |
| 2026-05-18 | Officer / Director Change | read |
| 2026-04-29 | Earnings Release, Exhibits | read |
| 2026-01-28 | Earnings Release, Restructuring… | read |
| 2025-12-16 | Material Agreement, Securities Issuance… | read |
| 2025-11-18 | Bylaws Amendment, Shareholder Vote | read |
| 2025-10-29 | Earnings Release, Exhibits | read |
| 2025-10-16 | Material Agreement, Material Obligation… | read |
| 2025-08-25 | Material Agreement, Material Obligation… | read |
| 2025-08-19 | Securities Issuance | read |
| 2025-08-14 | Material Agreement, Other Material Event… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-14 | Solomon Joanne | Sell | 10.00K | $429.20K | |
| 2026-08-10 | McNab Paul | EVP, Chief Mktg & Stgy Of | Sell | 1.59K | $59.61K |
| 2026-05-28 | Petrucci Anthony Michael | SVP, Chief Operations Off | Withheld for tax | 1.78K | $86.26K |
| 2026-05-28 | Petrucci Anthony Michael | SVP, Chief Operations Off | Withheld for tax | 2.20K | $106.48K |
| 2026-05-28 | Petrucci Anthony Michael | SVP, Chief Operations Off | Option exercise | 9.02K | — |
| 2026-05-28 | Petrucci Anthony Michael | SVP, Chief Operations Off | Option exercise | 7.30K | — |
| 2026-05-08 | KHAYKIN OLEG | President & CEO | Sell | 136.55K | $7.08M |
| 2026-05-07 | KHAYKIN OLEG | President & CEO | Sell | 123.33K | $6.34M |
| 2026-05-06 | KHAYKIN OLEG | President & CEO | Sell | 34.02K | $1.84M |
| 2026-05-06 | SCRIVANICH LUKE M | SVP General Manager OSP | Sell | 7.26K | $384.67K |
Flow & Concentration
| Insider 180d net | -$24.28M |
|---|---|
| Insider buys / sells | 0 / 12 |
| Insider bias | Sellers |
| 13F holders | 10 |
| Top-5 share | 95.7% |
| HHI | 2,699 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $370.65M | 7.76M |
| Millennium Management | $252.27M | 5.28M |
| Citadel Advisors | $97.95M | 2.05M |
| Fidelity / FMR LLC | $78.50M | 1.64M |
| Capital Research / Capital World | $68.40M | 1.43M |
| Renaissance Technologies | $15.68M | 328.30K |
| Norges Bank (Norway sovereign) | $10.17M | 212.90K |
| AQR Capital Management | $9.77M | 204.56K |
| Bridgewater Associates | $2.83M | 59.23K |
| T. Rowe Price Group | $531.54K | 11.13M |
As of 2026-06-30
SEC Filings
The Long Run
FY 2011–2025 · 15 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $1.11B | -3.4% | |
| Gross profit | $638.80M | +2.0% | |
| Operating income | $57.50M | +53.3% | |
| Net income | $25.50M | +99.9% | |
| Cash from ops | $114.10M | +0.5% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $37.89 | $40.88 | $37.43 | $40.68 | 8.41M |
| Sep 24 | $35.71 | $37.50 | $35.18 | $37.23 | 4.53M |
| Sep 23 | $36.54 | $37.65 | $35.58 | $36.43 | 6.83M |
| Sep 22 | $35.90 | $36.46 | $34.82 | $36.40 | 4.71M |
| Sep 21 | $35.89 | $36.48 | $34.97 | $36.20 | 4.46M |
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