Viavi Solutions Inc. (VIAV) Stock

Viavi Solutions Inc. (VIAV) is a Technology stock trading at $38.49 (as of 2026-08-20), with a market capitalization of $9.00B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Viavi Solutions Inc. provides network testing, monitoring, and assurance solutions for communications service providers, enterprises, network equipment and original equipment manufacturers, government, and avionics customers. It operates in the Network Enablement, Service Enablement, and Optical Security and Performance Products segments, serving uses such as network design, build, activation, certification, troubleshooting, and performance visibility.

Understand Viavi Solutions Inc.: how it makes money

Viavi Solutions provides network test, monitoring, and assurance solutions, selling instruments, software, and services to help customers build, maintain, and protect communications networks.

Viavi’s results are driven by customer demand for network build-out and maintenance testing (Network Enablement), plus the related monitoring and assurance plus optical security and performance offerings delivered across its three reporting segments.

Revenue by segment (latest quarter)
NE$0.3B
SE$0.0B
OSP$0.1B

Business quality (Mixed): Segmented exposure to network testing and assurance supports a focused business model, with the latest quarter showing high gross margin (57.5%) but a comparatively modest operating margin (6.1%), so operating performance is sensitive to expenses and mix.

Bull case

  • Strong gross profitability in the latest quarter: Gross margin was 57.5% in the period ending 2026-03-28.
  • Large revenue contribution from Network Enablement: Network Enablement Revenue is listed at 0.32B, indicating the core engine of the revenue mix.

Bear case

  • Operating margin is relatively low: Operating margin was 6.1% in the period ending 2026-03-28, so cost levels and mix can materially affect operating results.
  • Smaller scale outside the core Network Enablement line: Based on the segment revenue figures provided, Service Enablement Revenue (0.02B) and Optical Sensing and Protection Revenue (0.09B) are smaller than Network Enablement Revenue (0.32B).
Valuation — source: SEC EDGAR (first-party)
Price$38.49
Market Cap$9.00B
EV / EBITDA59.0
Price / Book6.22
Price / Sales5.93
FCF Yield0.9%
DCF Value (model)$5.03
DCF Upside vs Price-86.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.52B
Net Margin-2.0%
Revenue Growth (YoY)40.0%
EPS Growth (YoY)-181.3%
FCF Growth (YoY)33.5%
Financial Health — source: SEC EDGAR
Altman Z-Score-30.58 (distress)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($1.17B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryElectronic Equipment
CEOOleg Khaykin
Employees3,600
CountryUS
IPO Date1993-11-17

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VIAV earnings history · VIAV institutional & insider holders · VIAV KPIs & operating metrics · VIAV financials · VIAV investor presentations & press releases · VIAV SEC filings · VIAV peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.