Viavi Solutions Inc. (VIAV)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Viavi Solutions Inc. (VIAV) trades at $42.76 with AI Score 12/100 (Grade F). Viavi Solutions Inc. provides network test, monitoring, and assurance solutions globally. Market cap: $10.55B, Sector: Technology.
Price live · AI analysis from May 9, 2026VIAV stock analysis for 2026: Analysts have set a consensus price target of $26.63 for Viavi Solutions Inc., suggesting 37.7% downside from the current price of $42.76. The AI MoonshotScore is 12/100, indicating a strong bearish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
VIAV: 2/4 perspectives are bearish. Dominant signal: Seth Klarman bearish.
How is this calculated? →Viavi Solutions Inc. (VIAV) Technology Profile & Competitive Position
Viavi Solutions Inc. delivers network testing, monitoring, and assurance solutions, serving communications service providers, enterprises, and government entities. With a focus on network build-out, optimization, and security, Viavi operates through three segments, offering instruments, software, and services for network lifecycle management and anti-counterfeiting solutions.
What Is the Investment Thesis for VIAV?
Viavi Solutions Inc. presents a compelling investment case centered on its pivotal role in network testing, monitoring, and assurance. The increasing demand for robust network infrastructure, driven by 5G deployment and cloud adoption, positions Viavi for sustained growth. With a market capitalization of $10.55B, Viavi's negative profit margin of -4.0% warrants attention, while a gross margin of 55.7% indicates strong potential for profitability improvements. Key catalysts include the expansion of 5G networks and the growing need for network security solutions. Potential risks include intense competition and technological obsolescence. The company's beta of 0.86 suggests lower volatility compared to the market, making it a potentially stable investment within the technology sector. Investors should closely monitor Viavi's ability to capitalize on growth opportunities and manage competitive pressures to achieve long-term value creation.
Based on FMP financials and quantitative analysis
VIAV Key Highlights
- Viavi Solutions Inc. operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP).
- The company's gross margin stands at 55.7%, reflecting its ability to maintain profitability on its products and services.
- Viavi's beta of 0.86 suggests lower volatility compared to the market average, indicating a relatively stable investment.
- Viavi serves a diverse customer base, including communications service providers, enterprises, network equipment manufacturers, government entities, and avionics customers.
- The company's market capitalization is $9.52 billion, reflecting its significant presence in the communication equipment industry.
Who Are VIAV's Competitors?
VIAV is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| DOCN DigitalOcean Holdings, Inc. | $132.36 | +1.71% | $13.81B | 76 |
| VICR Vicor Corporation | $290.13 | +2.54% | $13.09B | 95 |
| PLXS Plexus Corp. | $277.10 | +0.72% | $7.41B | 70 |
| AVT Avnet, Inc. | $82.02 | -0.19% | $6.73B | 59 |
| BDC Belden Inc. | $115.79 | +0.33% | $4.51B | 63 |
| ONDS Ondas Holdings Inc. | $7.66 | +3.31% | $4.00B | 72 |
| CRDO Credo Technology Group Holding Ltd | $268.87 | +11.14% | $50.14B | 67 |
| ASTS AST SpaceMobile, Inc. | $80.64 | -5.27% | $32.81B | 66 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are VIAV's Key Strengths?
- Comprehensive product portfolio covering network testing, monitoring, and assurance.
- Strong relationships with key customers in the telecommunications industry.
- Global presence with a diverse customer base.
- Expertise in optical security and anti-counterfeiting technologies.
What Are VIAV's Weaknesses?
- Negative profit margin (-4.0%) indicates potential profitability issues.
- Dependence on the telecommunications industry, which is subject to cyclical trends.
- Intense competition from other players in the communication equipment market.
- Potential for technological obsolescence due to rapid advancements in networking technologies.
What Could Drive VIAV Stock Higher?
- Continued deployment of 5G networks driving demand for testing and monitoring solutions.
- Increasing adoption of cloud computing and virtualization requiring robust network infrastructure.
- Potential strategic acquisitions to expand product portfolio and geographic reach.
- Growing demand for network security solutions to protect against cyberattacks.
What Are the Key Risks for VIAV?
- Financial-distress signal — its Altman Z-Score of -34.18 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-6.9%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Intense competition from established players and new entrants in the communication equipment market.
- Economic downturns impacting capital spending by telecommunications companies.
- Rapid technological advancements rendering existing products obsolete.
- Geopolitical risks and trade tensions impacting global supply chains.
- Negative profit margin (-4.0%) indicates potential profitability issues.
What Are the Growth Opportunities for VIAV?
- Expansion of 5G Network Testing: The ongoing deployment of 5G networks globally presents a significant growth opportunity for Viavi. As communication service providers invest in upgrading their infrastructure, the demand for testing and monitoring solutions to ensure network performance and reliability will increase. Viavi's expertise in 5G testing positions it to capture a significant share of this market, estimated to reach billions of dollars by 2028. The company's comprehensive suite of testing solutions and its established relationships with key industry players provide a competitive advantage.
- Growing Demand for Network Security Solutions: With the increasing frequency and sophistication of cyberattacks, the demand for network security solutions is growing rapidly. Viavi's Service Enablement segment offers solutions that monitor, collect, and analyze network data to identify security threats and vulnerabilities. The network security market is projected to experience double-digit growth in the coming years, driven by the need to protect critical infrastructure and sensitive data. Viavi's ability to provide comprehensive security solutions positions it to capitalize on this trend.
- Optical Security and Anti-Counterfeiting Solutions: Viavi's Optical Security and Performance Products (OSP) segment offers optical products for anti-counterfeiting, consumer and industrial, government, automotive, and industrial markets. The increasing prevalence of counterfeit products and the need to protect brand integrity are driving demand for anti-counterfeiting solutions. Viavi's expertise in optical security technologies and its established relationships with key customers provide a competitive advantage in this market.
- Strategic Acquisitions and Partnerships: Viavi can pursue strategic acquisitions and partnerships to expand its product portfolio and geographic reach. By acquiring companies with complementary technologies or entering into partnerships with leading industry players, Viavi can enhance its competitive position and accelerate its growth. These strategic initiatives can provide access to new markets, technologies, and customer segments, driving revenue growth and increasing shareholder value.
- Expansion into Emerging Markets: Emerging markets, such as India and Southeast Asia, are experiencing rapid growth in mobile and internet penetration. This growth is driving demand for network infrastructure and related services. Viavi can expand its presence in these markets by establishing local offices, partnering with local distributors, and tailoring its solutions to meet the specific needs of these markets. This expansion can provide access to new customers and revenue streams, contributing to long-term growth.
What Opportunities Does VIAV Have?
- Expansion of 5G networks driving demand for testing and monitoring solutions.
- Growing demand for network security solutions to protect against cyberattacks.
- Strategic acquisitions and partnerships to expand product portfolio and geographic reach.
- Expansion into emerging markets with high growth potential.
What Threats Does VIAV Face?
- Intense competition from established players and new entrants.
- Economic downturns impacting capital spending by telecommunications companies.
- Rapid technological advancements rendering existing products obsolete.
- Geopolitical risks and trade tensions impacting global supply chains.
What Are VIAV's Competitive Advantages?
- Proprietary technology in network testing and monitoring.
- Established relationships with key customers in the telecommunications industry.
- Comprehensive suite of solutions covering the entire network lifecycle.
- Strong brand reputation for quality and reliability.
What Does VIAV Do?
Viavi Solutions Inc., headquartered in Scottsdale, Arizona, traces its roots back to 1923. Originally known as JDS Uniphase Corporation, the company rebranded as Viavi Solutions Inc. in August 2015. Viavi operates globally, providing network test, monitoring, and assurance solutions to a diverse clientele, including communications service providers, enterprises, network equipment manufacturers, government entities, and avionics customers. The company is structured into three primary segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP). The NE segment offers testing solutions crucial for network build-out and maintenance, providing instruments, software, and services to design, build, activate, certify, troubleshoot, and optimize networks. The SE segment focuses on embedded systems and enterprise performance management solutions, offering instruments, microprobes, and software to monitor, collect, and analyze network data. The OSP segment delivers optical products for anti-counterfeiting, consumer and industrial, government, automotive, and industrial markets. Viavi's comprehensive suite of solutions addresses the evolving needs of network infrastructure management and security across various industries.
What Products and Services Does VIAV Offer?
- Provides network test, monitoring, and assurance solutions.
- Offers solutions for network build-out and maintenance.
- Delivers embedded systems and enterprise performance management solutions.
- Provides optical products for anti-counterfeiting.
- Offers solutions for communication service providers, enterprises, and government entities.
- Provides instruments, software, and services to design, build, activate, certify, troubleshoot, and optimize networks.
- Monitors, collects, and analyzes network data to reveal customer experience and identify opportunities for new revenue streams and network optimization.
How Does VIAV Make Money?
- Sells network testing and monitoring equipment.
- Provides software and services for network management.
- Offers optical security products for anti-counterfeiting.
- Generates revenue through product sales, subscriptions, and service contracts.
What Industry Does VIAV Operate In?
Viavi Solutions Inc. operates within the communication equipment industry, a sector experiencing rapid growth driven by the deployment of 5G networks and the increasing demand for bandwidth. The industry is characterized by intense competition and rapid technological advancements. Viavi's focus on network testing, monitoring, and assurance positions it as a key player in ensuring the reliability and performance of communication networks. The global communication equipment market is projected to reach billions of dollars in the coming years, presenting significant opportunities for Viavi to expand its market share and drive revenue growth.
Who Are VIAV's Key Customers?
- Communications service providers
- Enterprises
- Network equipment manufacturers
- Government entities
- Avionics customers
Net sellingInsider Activity
Over the past six months, Viavi Solutions Inc. insiders filed 30 SEC Form 4 transactions — 28 sales and 2 purchases. On net that is roughly 797K shares disposed (about $34.5M), a signal worth weighing alongside the fundamentals.
FY2026 estForward Outlook
Wall Street analysts project Viavi Solutions Inc. revenue of about $1.51B for fiscal 2026, with EPS near $0.94. The estimate reflects 6 contributing analysts.
F-Score 3/9Financial Health
Viavi Solutions Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -34.18 places it in the distress zone, a signal of elevated financial risk.
ROE -7%Key Financial Metrics
Return on equity for Viavi Solutions Inc. stands at -6.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -2.2%, showing how much profit it generates from its asset base. Its free cash flow yield is 0.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.61 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -0.6%, the inverse of the P/E and a quick read on earnings relative to price.
Viavi Solutions Inc. (VIAV) Valuation Context
Valued at $10.55B, VIAV is classified as a large-cap stock. Relative to its peer group, VIAV's quantitative score of 12/100 is below the peer average of 73/100.
Company Profile
Viavi Solutions Inc. operates in the Communication Equipment industry within the Technology sector. It is headquartered in Scottsdale, US. The company is led by CEO Oleg Khaykin. VIAV has traded publicly since 1993.
VIAV Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future performance, indicating that executives believe in the growth potential.
- Community sentiment has shifted positively, with discussions highlighting the company's innovative technologies and potential market applications.
- Analysts have noted increasing interest in VIAV's solutions within the expanding 5G and cybersecurity sectors, positioning it well for future demand.
- Recent partnerships and collaborations have been well-received, enhancing the company's credibility and visibility in the tech landscape.
Bear Case
- Some community members express concerns about the competitive landscape, fearing that emerging technologies could overshadow VIAV's offerings.
- The market perception has been tempered by macroeconomic uncertainties, leading to cautious sentiment around tech stocks, including VIAV.
- Recent earnings calls revealed challenges in meeting certain growth expectations, raising doubts among investors about the company's trajectory.
- There are lingering concerns about the company's ability to scale operations effectively amidst increasing competition and market pressures.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · January 2026
VIAV Latest News
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Small Caps Are Beating S&P 500 By The Widest Margin Since 2003: Here’s Why
benzinga · Jun 29, 2026
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Sector Update: Tech Stocks Fall Pre-Bell Tuesday
MT Newswires · Jun 23, 2026
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Viavi Solutions Says Xgig Platform Approved for PCIe Compliance Testing Globally
MT Newswires · Jun 18, 2026
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VIAVI PCIe® 6.0 Platform Receives PCI-SIG® Gold Suite Acceptance for Link and Transaction Protocol Compliance Testing
prnewswire.com · Jun 18, 2026
VIAV Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for VIAV.
Price Targets
Consensus target: $26.63
VIAV MoonshotScore
What does this score mean?
The MoonshotScore rates VIAV's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Small Caps Are Beating S&P 500 By The Widest Margin Since 2003: Here’s Why
Sector Update: Tech Stocks Fall Pre-Bell Tuesday
Viavi Solutions Says Xgig Platform Approved for PCIe Compliance Testing Globally
VIAVI PCIe® 6.0 Platform Receives PCI-SIG® Gold Suite Acceptance for Link and Transaction Protocol Compliance Testing
Latest Viavi Solutions Inc. Analysis
Leadership: Oleg Khaykin
CEO
Oleg Khaykin serves as the CEO of Viavi Solutions Inc., bringing extensive experience in the technology sector. Prior to Viavi, he held leadership positions at PMC-Sierra, where he served as President and CEO. He also held various executive roles at Conexant Systems and Mindspeed Technologies. Khaykin holds a Bachelor of Science degree in Electrical Engineering from Carnegie Mellon University and a Master of Business Administration degree from the University of California, Los Angeles (UCLA).
Track Record: Since assuming the role of CEO, Oleg Khaykin has focused on driving growth through strategic acquisitions and product innovation. He has overseen the expansion of Viavi's portfolio of network testing and monitoring solutions, positioning the company as a key player in the 5G market. Under his leadership, Viavi has also strengthened its relationships with key customers and expanded its presence in emerging markets.
VIAV Technology Stock FAQ
What does Viavi Solutions Inc. do?
Viavi Solutions Inc. provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, government entities, and avionics customers worldwide. The company operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP). These segments offer a range of instruments, software, and services designed to build, activate, certify, troubleshoot, and optimize networks, as well as provide optical products for anti-counterfeiting and other applications. Viavi's solutions help ensure the performance, reliability, and security of communication networks.
What do analysts say about VIAV stock?
Analyst consensus on VIAV stock is mixed, reflecting the company's position in a dynamic and competitive industry. Key valuation metrics, such as price-to-earnings ratio and price-to-sales ratio, are closely monitored to assess the stock's relative value. Growth considerations include the company's ability to capitalize on the expansion of 5G networks and the increasing demand for network security solutions. While some analysts see potential for long-term growth, others caution about the risks associated with intense competition and technological obsolescence. Investors should conduct their own due diligence and consider their investment objectives before making any decisions.
What are the main risks for VIAV?
The main risks for Viavi Solutions Inc. include intense competition from established players and new entrants in the communication equipment market. Economic downturns could impact capital spending by telecommunications companies, reducing demand for Viavi's products and services. Rapid technological advancements could render existing products obsolete, requiring significant investments in research and development. Geopolitical risks and trade tensions could disrupt global supply chains and impact the company's ability to serve its customers. Additionally, Viavi's negative profit margin (-4.0%) indicates potential profitability issues that need to be addressed.
How does Viavi Solutions Inc. generate revenue from its technology products?
Viavi Solutions Inc. generates revenue through a combination of product sales, subscription services, and service contracts. The company sells network testing and monitoring equipment, software, and optical security products to a diverse customer base. In addition to product sales, Viavi offers subscription-based services that provide ongoing access to software updates, technical support, and other value-added features. Service contracts provide customers with access to repair, calibration, and other professional services. This diversified revenue model helps to ensure a stable and recurring revenue stream for the company.
How does Viavi Solutions Inc. invest in research and development?
Viavi Solutions Inc. invests significantly in research and development (R&D) to maintain its competitive edge and drive innovation. The company's R&D spending focuses on developing new network testing and monitoring solutions, enhancing its optical security technologies, and expanding its portfolio of software and services. A significant portion of Viavi's revenue is allocated to R&D, reflecting its commitment to staying at the forefront of technological advancements. Key innovation areas include 5G network testing, network security, and anti-counterfeiting technologies. Viavi's patent portfolio protects its intellectual property and provides a competitive advantage in the market.
What are the key factors to evaluate for VIAV?
Viavi Solutions Inc. (VIAV) holds an AI score of 12/100 (low). P/E: 36.8x vs the S&P 500's ~20-25x. Analysts target $26.63 (-38%). Not financial advice.
How frequently does VIAV data refresh on this page?
VIAV prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven VIAV's recent stock price performance?
Viavi Solutions Inc. (VIAV) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Comprehensive product portfolio covering network testing, monitoring, and assurance. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- The information provided is based on publicly available sources and is intended for informational purposes only. It does not constitute investment advice.