
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About


Viavi Solutions Inc (VIAV)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
07/11/2025: VIAV (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $12.26
1 Year Target Price $12.26
4 | Strong Buy |
1 | Buy |
3 | Hold |
0 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 6.19% | Avg. Invested days 41 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.29B USD | Price to earnings Ratio 513.5 | 1Y Target Price 12.26 |
Price to earnings Ratio 513.5 | 1Y Target Price 12.26 | ||
Volume (30-day avg) 9 | Beta 0.86 | 52 Weeks Range 7.03 - 12.91 | Updated Date 07/12/2025 |
52 Weeks Range 7.03 - 12.91 | Updated Date 07/12/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.02 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 0.49% | Operating Margin (TTM) 10.26% |
Management Effectiveness
Return on Assets (TTM) 1.55% | Return on Equity (TTM) 0.71% |
Valuation
Trailing PE 513.5 | Forward PE 17.79 | Enterprise Value 2587140436 | Price to Sales(TTM) 2.19 |
Enterprise Value 2587140436 | Price to Sales(TTM) 2.19 | ||
Enterprise Value to Revenue 2.47 | Enterprise Value to EBITDA 24.38 | Shares Outstanding 223236992 | Shares Floating 219593432 |
Shares Outstanding 223236992 | Shares Floating 219593432 | ||
Percent Insiders 1.51 | Percent Institutions 97.09 |
Upturn AI SWOT
Viavi Solutions Inc

Company Overview
History and Background
Viavi Solutions Inc. was founded in 1923 as W.L. Pritchard. It became part of JDS Uniphase in 2000. In 2015, JDS Uniphase split into two independent publicly traded companies: Viavi Solutions (VIAV) and Lumentum Holdings (LITE). Viavi focuses on network and service enablement and optical security and performance products.
Core Business Areas
- Network Enablement: Provides test and measurement solutions for network infrastructure development, deployment, and maintenance. Includes products for fiber optic testing, wireless testing, and Ethernet testing.
- Optical Security and Performance Products: Offers anti-counterfeiting solutions for currency, brand protection, and government applications. Also includes optical filters and components for various industries.
Leadership and Structure
The CEO of Viavi Solutions is Oleg Khaykin. The company has a functional organizational structure with departments such as sales, marketing, engineering, and operations.
Top Products and Market Share
Key Offerings
- ONT (Optical Network Tester) Family: Used for testing optical networks. Viavi is a major player in the optical test equipment market. Competitors: EXFO (EXFO), Anritsu (6752.T), Keysight Technologies (KEYS). Market share varies by specific product line but is estimated to be around 20-25% overall in the fiber optic testing market.
- CellAdvisor 5G: A 5G network testing solution. It competes with Keysight Technologies (KEYS), Rohde & Schwarz, and Anritsu (6752.T). The 5G testing market is growing rapidly. Market share is difficult to determine but is estimated to be around 10-15% in this niche.
- Flex Fusion: This is one of their security offerings used for anti-counterfeiting. Competitors include OpSec Security, De La Rue. Market share varies significantly by region and application.
Market Dynamics
Industry Overview
The test and measurement industry is driven by increasing network complexity, growing bandwidth demand, and the need for network security. The anti-counterfeiting market is driven by the global trade in counterfeit goods.
Positioning
Viavi is a key player in the network enablement and optical security markets. The company differentiates itself through its comprehensive product portfolio and strong customer relationships. They focus on innovation and adapting to new technologies.
Total Addressable Market (TAM)
The total addressable market for network test and measurement equipment is estimated to be over $10 billion. The anti-counterfeiting market is also a multi-billion dollar market. Viavi is positioned to address a significant portion of these markets with its diverse product portfolio.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Comprehensive product portfolio
- Global sales and support network
- Established relationships with major telecom operators
- Innovative technology
Weaknesses
- Reliance on telecom industry spending
- Exposure to economic cycles
- Intense competition
- Relatively small scale compared to some major competitors
Opportunities
- Growth in 5G deployments
- Increasing demand for fiber optic networks
- Expansion into emerging markets
- Development of new technologies such as network function virtualization (NFV) and software-defined networking (SDN)
- Growth of anti-counterfeiting market
Threats
- Economic downturns
- Technological obsolescence
- Increased competition from low-cost providers
- Changes in government regulations
- Disruptive technologies
Competitors and Market Share
Key Competitors
- KEYS
- EXFO
- ANRITSU (6752.T)
Competitive Landscape
Viavi competes with larger players like Keysight and Anritsu. Viavi is more specialized and nimble than some of its larger competitors. They also compete on product innovation and customer service.
Major Acquisitions
Cobham AvComm and Wireless Test and Measurement Business
- Year: 2018
- Acquisition Price (USD millions): 455
- Strategic Rationale: Expanded Viavi's portfolio of test and measurement solutions for wireless and avionics applications.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been influenced by the cyclical nature of the telecom industry and technology adoption rates. Check latest earnings calls for details.
Future Projections: Analyst estimates vary, but generally expect continued growth driven by 5G, fiber optic deployments, and security.
Recent Initiatives: Focus on 5G testing solutions, expansion in Asia-Pacific, and strategic acquisitions.
Summary
Viavi Solutions is a key player in the network enablement and optical security markets. While they face competition from larger companies, their focused approach and innovative technologies position them well for future growth, especially in 5G and fiber optic deployments. The lack of dividends might deter some investors, but the potential for capital appreciation exists. The cyclical nature of the telecom industry and technological obsolescence remain threats to consider.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Website
- Financial News Outlets
- Analyst Reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market conditions and company performance can change rapidly. Financial data may be delayed.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Viavi Solutions Inc
Exchange NASDAQ | Headquaters Chandler, AZ, United States | ||
IPO Launch date 1993-11-17 | President, CEO & Director Mr. Oleg Khaykin | ||
Sector Technology | Industry Communication Equipment | Full time employees 3600 | Website https://www.viavisolutions.com |
Full time employees 3600 | Website https://www.viavisolutions.com |
Viavi Solutions Inc. provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP). The NE segment offers testing solutions that access the network to perform build-out and maintenance tasks. Its solutions include instruments, software, and services to design, build, activate, certify, troubleshoot, and optimize networks; and test and measurement instrumentation for aviation, aerospace, government, defense, communication and safety. It also offers support and professional services, such as repair, calibration, software support, and technical assistance for the products; and system integration projects, including project management, installation, and implementation, as well as product and technology training, and consulting services. The SE segment provides embedded systems and enterprise performance management solutions for communication service providers, enterprises, and cloud operators with visibility into network, service, and application data. Its solutions include instruments, microprobes, and software, which monitor, collect, and analyze network data to reveal the actual customer experience and to identify opportunities for new revenue streams and network optimization. The OSP segment offers optical products for anti-counterfeiting, consumer electronics, industrial, government, automotive, and industrial markets. It offers NITRO wireless test and optimization suite, including 6G testbed to validate AI-RAN, 5G, 6G, and quantum technologies. The company was formerly known as JDS Uniphase Corporation. Viavi Solutions Inc. was founded in 1923 and is headquartered in Chandler, Arizona.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.