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Viavi Solutions Inc. provides network test, monitoring, and assurance solutions that support AI infrastructure through advanced networking and optical technologies.

Snapshot
Country USA USA
ExchangeNasdaq
AI Layer chipsinfra
Category 2.40 Photonic Components, Transceivers & Integration
Sentiment 48.5%
USD Mkt Cap9.56B
USD Revenue1.52B
USD Net Income-30.40M
fwd P/E19.86
PEG1.34
Price 3M-27.8%
Price 6M+30.2%
Price 1Y+224.5%
Price 2Y+365.8%
USD Share Price39.03
Price History
Price & Size
Price 38.75 USD
Market Cap 9.56B USD
Shares Outstanding 246.75M
Shares Float 244.07M
52w Low 11.96 USD
52w High 60.43 USD
Avg Volume 6.13M
Valuation
P/E (forward) 19.9x
P/B 6.61x
Enterprise Value 9.61B USD
Book Value / Share 5.86 USD
PEG Ratio 1.34x
P/S 6.30x
EV / Revenue 6.33x
EV / EBITDA 34.46x
Income
Revenue 1.52B USD
Revenue / Share 6.62 USD
EBITDA 278.90M USD
Net Income -30.40M USD
EPS (trailing) -0.13 USD
EPS (forward) 1.95 USD
Margins & Profitability
Gross Margin 60.9%
Operating Margin 14.3%
Profit Margin -2.0%
EBITDA Margin 18.4%
Return on Equity -2.7%
Return on Assets 4.5%
Growth
Revenue Growth 52.5%
Earnings Growth 326.5%
Cash & Debt
Total Cash 649.80M USD
Total Debt 698.80M USD
Free Cash Flow 158.71M USD
Operating Cash Flow 113.90M USD
Debt / Equity 0.48x
Current Ratio 1.85x
Quick Ratio 1.51x
Dividend
Payout Ratio 0.0%
Risk
Beta 1.23
Analyst Consensus
Target (Mean) 61.43 USD
Target (Median) 65.00 USD
Target (High) 70.00 USD
Target (Low) 44.00 USD
Recommendation strong_buy
# Analysts 7
Identifiers
ISINUS9255723087
CUSIP925572308
FIGIBBG000BP7SQ4
SEDOL2937764
Sentiment 48.5%
Positive drivers

VIAVI saw modest gains from rising demand for optical test solutions supporting AI data center expansions in late 2026. Strategic collaborations with hyperscale cloud providers were highlighted in industry reports as growth catalysts. Analyst notes noted improving margins in the network enablement segment.

Neutral / mixed

Quarterly results met consensus estimates without significant beats or misses, reflecting stable but unremarkable performance. Broader market rotation between tech subsectors created mixed trading patterns for VIAV shares. Ongoing integration of recent acquisitions contributed to neutral forward guidance.

Negative drivers

Intensifying competition in fiber optic testing from larger peers weighed on market share expectations. Supply chain cost pressures and delayed customer deployments in Europe tempered revenue forecasts. Macroeconomic uncertainty around interest rates continued to pressure valuation multiples in the communications equipment space.

Bottom line

Sentiment for VIAV over the period was slightly negative overall, balancing AI-driven tailwinds against competitive and macro headwinds. Investors appear to be adopting a wait-and-see stance ahead of clearer catalysts.