Viavi Solutions Inc. (VIAV)
Fair ValueFundamental
47
Price
$41.92
Market Cap
$10.34B
Part 1 · What the company is worth
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.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$1.52B
Trailing 12 months (through 6/27/2026)
Net Income
$-30M
Trailing 12 months (through 6/27/2026)
Free Cash Flow
$83M
Total Equity
$1.45B
Total Liabilities
$1.26B
Current Ratio
1.85
Interest Coverage
2.22
Debt/EBITDA
1.03
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$35.33
Current Price
$41.92
Margin of Safety
-18.7%
Fair Value Range
$22.96 - $47.70
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
-
ROE
-2.1%
P/B Ratio
7.14
P/FCF
124.92
Gross Margin
57.7%
ROIC
4.1%
Profitability Radar
Value Creation (Economic Moat)
ROIC
4.1%
WACC
11.5%
ROIC − WACC
-7.4 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (13)
- EPS shows upward trend
- Price CAGR 16.11%
- Gross Margin 57.7%
- Debt/Equity ratio
- Operating Margin 6.9%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Analyst Consensus 87% Buy
- Earnings Surprise avg 13.2%
- Share Dilution 0.8%
- Piotroski F-Score 7/9
Failed (10)
- ROIC 4.1%
- P/FCF 124.92
- P/B Ratio 7.14
- CapEx intensity
- Return on Tangible Assets
- Low reliance on intangibles
- DCF valuation (Overvalued)
- ROE -3.2%
- Revenue Growth 5Y 4.8%
- Net Margin Trend -2.0% vs 3.2%
Unavailable (4)
- Dividend Payout NaN%
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
Piotroski F-Score
Strong financial health
Earnings Quality
Low quality: investigate accounting
Share Dilution
Share count is stable
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Oleg Khaykin | President, CEO & Director | 60 |
| Mr. Ilan Daskal | Executive VP & CFO | 59 |
| Mr. Paul McNab | EVP, Chief Marketing & Strategy Officer | 62 |
| Mr. Luke M. Scrivanich | Senior VP and GM of Optical Security & Performance Products | 63 |
| Mr. Gary W. Staley | Senior Vice President of Global Sales, Network and Service Enablement | 58 |
| Mr. Mike Petrucci | Senior VP & Chief Operations Officer | 67 |
| Ms. Vibhuti Nayar | Director of Investor Relations | - |
| Mr. Kevin Christopher Siebert J.D. | Senior VP, General Counsel & Secretary | 56 |
| Ms. Petra Nagel | Senior Vice President of Human Resources | - |
| Mr. Michael Seidl | Senior Vice President of Business Management | - |
Audit Risk
2
Board Risk
2
Compensation Risk
2
Shareholder Rights Risk
2
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-08-13
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-04-30
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-05
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for VIAV, sourced from Markets Gazette.
- 3/3/2026NEGATIVEIs Viavi Solutions Stock a Buy or Sell After the CMO Dumped 3,551 Shares?
The market is closely watching the recent sale of 3,551 Viavi Solutions shares by its Chief Marketing Officer. Despite the strong stock performance of the company, which specializes in network solutions for telecom and enterprise clients, a significant divestment by a high-ranking executive can be interpreted as a cautionary signal. Investors might question whether insiders perceive the stock as overvalued or anticipate a slowdown in future prospects, suggesting potential downward pressure or diminished short-term confidence.
via Markets Gazette