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Viavi Solutions Inc(VIAV)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for VIAV
11/13/2026: VIAV (4-star) is currently NOT-A-BUY. Pass it for now.
Viavi Solutions is a specialized provider of network test and assurance solutions, along with high-performance optical security and light management products. The company benefits from deep ties with major global network operators and a defensive revenue stream from its security pigments business. Its growth story is tied to the global expansion of 5G and fiber networks, though it faces risks related to cyclical carrier spending and intense competition from larger technology peers. While valuation is often moderate, the absence of a dividend means the stock is best suited for growth-oriented investors monitoring network investment cycles. Investors should closely watch software-driven revenue growth and industry-wide capital expenditure trends.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Viavi offers exposure to secular trends like 5G and fiber, but growth is tempered by the cyclical nature of the telecommunications industry. |
| Momentum investor | Weak fit | The stock often lacks sustained, strong price momentum, frequently trading in ranges tied to industry capital expenditure cycles. |
| Value investor | Strong fit | The stock often trades at moderate valuation multiples, making it potentially attractive for value-oriented investors seeking technology exposure. |
| Dividend investor | Weak fit | Viavi does not pay a regular dividend, which makes it unsuitable for income-focused portfolios. |
| Low-risk investor | Mixed fit | While the business has stable segments like OSP, the volatility in its core telecom business limits its suitability for very low-risk mandates. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock is subject to sector-wide swings related to global carrier spending patterns. |
| Valuation risk | Medium | Valuation is sensitive to changes in growth expectations for the telecommunications and optical markets. |
| Competition risk (Test & Measurement) | High | Intense competition from established players like Keysight can pressure margins and market share. |
| Business quality | Medium | The business has a solid, defensive OSP segment, but the cyclicality of the NE segment prevents a higher quality rating. |
| Dividend income | Low / none | The absence of a dividend means investors rely entirely on capital appreciation. |
| Execution risk | Medium | Successful integration of acquisitions and transition to software-centric business models are critical for long-term growth. |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.60B USD | Price to earnings Ratio 118.85 | 1Y Target Price 56 |
Price to earnings Ratio 118.85 | 1Y Target Price 56 | ||
Volume (30-day avg) 6.2M shares | Beta 1.31 | 52 Weeks Range 15.51 - 60.43 | Updated Date 11/13/2026 |
52 Weeks Range 15.51 - 60.43 | Updated Date 11/13/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.26 |
Sector & Industry Intelligence
Sector
Technology
Caution- Sentiment
- Near Bearish
- Momentum
- Rapid Breadth Deterioration
- BUY participation
- 30.1%
- Active BUY / eligible
- 37 / 123
- 30-Day BUY Count Change
- -42
- Market state
- Weak Bullish / Near Bearish
BUY participation is falling rapidly, suggesting elevated market vulnerability.
Industry
Communication Equipment
- BUY participation
- 23.1%
- Active BUY / eligible
- 3 / 13
- 30-Day BUY Count Change
- -2
Sector signal summarizes BUY breadth conditions for the sector. It does not override this stock’s BUY, SELL, or PASS advisory.
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit 213.69% | Avg. Invested days 50 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/13/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Network Enablement | Test, assurance, and monitoring solutions for 5G, fiber, and cloud networks. | This segment tracks how much telecom companies spend on maintaining and upgrading their networks. |
| Optical Security and Performance | Optical coatings for currency security and light management in industrial and automotive fields. | This is a more stable, niche business that provides reliable income through high-barrier-to-entry security products. |
| Geography: North America | Largest market for sales of network test equipment and services. | North American carrier infrastructure budgets are the primary driver of the company's short-term revenue performance. |
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 2026-11-04 | When After Market | Estimate 0.35 | Actual 0.43 |
Profitability
Profit Margin 3.97% | Operating Margin (TTM) 14.88% |
Management Effectiveness
Return on Assets (TTM) 6.73% | Return on Equity (TTM) 6.54% |
Valuation
Trailing PE 118.85 | Forward PE 17.76 | Enterprise Value 8.17B | Price to Sales(TTM) 4.5 |
Enterprise Value 8.17B | Price to Sales(TTM) 4.5 | ||
Enterprise Value to Revenue 4.91 | Enterprise Value to EBITDA 31.01 | Shares Outstanding 245.92M | Shares Floating 242.65M |
Shares Outstanding 245.92M | Shares Floating 242.65M | ||
Percent Insiders 1.2 | Percent Institutions 100.82 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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