Viavi Solutions Inc.
VIAV · NASDAQ
Company research
Viavi Solutions Inc. (NASDAQ: VIAV) is a global provider of network test, monitoring, and assurance solutions headquartered in Chandler, Arizona, serving a diverse customer base that includes telecommunications service providers, cloud operators, enterprises, government agencies, military, aerospace, and railway organizations. The company operates through two core business segments: Network and Service Enablement (NSE), which delivers instruments, software, and analytics tools used to build, maintain, and optimize wired and wireless networks; and Optical Security and Performance (OSP), which leverages advanced optical coating technologies to produce anti-counterfeiting solutions, 3D sensing filters, and light management products for consumer electronics, automotive, and industrial markets. Founded in 1923 and formerly known as JDS Uniphase Corporation, Viavi adopted its current name in August 2015 following a corporate spin-off, and today employs approximately 3,600 people across 22 countries with annual revenues of approximately $1.0–$1.1 billion. Under the leadership of CEO Oleg Khaykin, Viavi continues to expand its footprint in critical technology areas such as 5G, Open RAN, fiber optic testing, and optical security, competing with industry peers including Keysight Technologies, Anritsu, and EXFO.
Research reports
Trading‑oriented analysis highlighting VIAV’s inclusion in the S&P MidCap 400, a 5G non‑terrestrial network partnership with Square Peg Communications, launch of the microPNT GDO‑1000, and NITRO AI “AI Experts” tools as near‑term catalysts, recommending buy‑on‑pullbacks around 51 with medium‑term upside toward 60 while flagging elevated leverage, thin EBIT margins, negative free cash flow, and balance‑sheet risk as key constraints.
Trefis · May 21, 2026Viavi Solutions Stock To $34?Post‑selloff note arguing that VIAV’s drop from 55.33 to 48.10 in under a month could extend further, framing a downside target of 34 based on the stock’s history after 20%+ “dip” events and emphasizing that, despite decent growth and quality metrics, the current correction fits an “Unattractive” view with a meaningful risk of additional declines.
StockStory · March 30, 2026Viavi Solutions (VIAV) Research Report: Q4 CY2025 UpdateComprehensive equity research piece rating VIAV “Underperform,” citing sluggish 5‑year revenue CAGR, declining EPS and ROIC, and a rich forward P/E multiple relative to industrial peers, while acknowledging strong gross margins, improving recent revenue growth, and positive EPS guidance but concluding that other stocks offer superior fundamentals and risk‑reward.
StockStory · January 28, 2026VIAV Q4 Deep Dive: Data Center Demand and Segment Shift Drive Guidance UpsidePost‑earnings deep dive describing Q4 CY2025 as a strong quarter in which revenue and non‑GAAP EPS beat expectations and guidance for Q1 CY2026 came in well above consensus, highlighting AI‑driven data‑center demand, growing aerospace and defense contributions, acquisition benefits, and anti‑counterfeiting recovery as key drivers while noting operating‑margin compression and the need for successful restructuring and integration.
Zacks Investment Research · January 4, 2026Viavi Solutions Inc. (VIAV) Equity Research ReportClassic broker‑style equity research report assigning a long‑term Neutral recommendation and a 6–12 month price target of 21.00, arguing that VIAV’s diversified NSE and OSP segments are well positioned for 5G, fiber, 3D sensing, and the Spirent Ethernet/network‑security acquisition, but balancing this with concerns about near‑term demand softness, macro uncertainty, supply‑chain and Sino‑U.S. trade risks, currency exposure, and ongoing margin headwinds.