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Viavi Solutions Inc (VIAV)



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Upturn Advisory Summary
08/14/2025: VIAV (3-star) is a STRONG-BUY. BUY since 34 days. Profits (8.00%). Updated daily EoD!
1 Year Target Price $13.41
1 Year Target Price $13.41
4 | Strong Buy |
1 | Buy |
3 | Hold |
0 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 11.67% | Avg. Invested days 45 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.41B USD | Price to earnings Ratio 72 | 1Y Target Price 13.41 |
Price to earnings Ratio 72 | 1Y Target Price 13.41 | ||
Volume (30-day avg) 9 | Beta 0.87 | 52 Weeks Range 7.80 - 12.91 | Updated Date 08/15/2025 |
52 Weeks Range 7.80 - 12.91 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.15 |
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 2025-08-07 | When - | Estimate 0.12 | Actual 0.13 |
Profitability
Profit Margin 3.21% | Operating Margin (TTM) 10.26% |
Management Effectiveness
Return on Assets (TTM) 2.56% | Return on Equity (TTM) 4.76% |
Valuation
Trailing PE 72 | Forward PE 17.42 | Enterprise Value 2678055882 | Price to Sales(TTM) 2.22 |
Enterprise Value 2678055882 | Price to Sales(TTM) 2.22 | ||
Enterprise Value to Revenue 2.47 | Enterprise Value to EBITDA 20.78 | Shares Outstanding 223246000 | Shares Floating 219620401 |
Shares Outstanding 223246000 | Shares Floating 219620401 | ||
Percent Insiders 1.5 | Percent Institutions 95.67 |
Upturn AI SWOT
Viavi Solutions Inc

Company Overview
History and Background
Viavi Solutions Inc. was formed in 2015 when JDS Uniphase (JDSU) split into two independent companies. JDSU itself was formed in 1999 through the merger of JDS Fitel and Uniphase Corporation. Viavi retained the network and service enablement, optical security and performance products divisions, while Lumentum Holdings Inc. took the optical components and commercial lasers businesses.
Core Business Areas
- Network Enablement: Provides testing and measurement solutions for network infrastructure, including 5G, broadband, and fiber optic networks. Includes instruments, software, and services for network deployment, maintenance, and optimization.
- Service Enablement: Offers solutions for monitoring and optimizing the performance of telecommunications networks and services. This includes network performance monitoring, service assurance, and customer experience analytics.
- Optical Security and Performance Products: Develops and manufactures optical filters, micro-optics, and other components for a variety of applications, including anti-counterfeiting, authentication, and brand protection.
Leadership and Structure
The CEO of Viavi Solutions is Oleg Khaykin. The company operates with a functional organizational structure, encompassing sales, marketing, product management, R&D, and operations.
Top Products and Market Share
Key Offerings
- ONT (Optical Network Tester): Comprehensive test solutions for fiber optic networks, used by service providers and network equipment manufacturers. Revenue from this product is a significant portion of Network Enablement revenue. Competitors include EXFO (EXFO), Keysight Technologies (KEYS), and Anritsu (6752.T).
- CellAdvisor: Provides testing and analysis capabilities for cellular networks, including 5G. Used for network deployment, troubleshooting, and optimization. Competitors include Keysight Technologies (KEYS), Rohde & Schwarz, and Anritsu (6752.T).
- Optical Thin Film Filters: Used in a wide range of applications, including anti-counterfeiting measures, consumer electronics, and industrial instruments. Market share in this segment varies depending on the specific application, but Viavi is a significant player. Competitors include Materion (MTRN) and Iridian Spectral Technologies.
Market Dynamics
Industry Overview
The telecommunications industry is experiencing rapid growth driven by the deployment of 5G networks, increased demand for bandwidth, and the expansion of fiber optic infrastructure. The optical security market is also growing due to increased concerns about counterfeiting and brand protection.
Positioning
Viavi Solutions Inc. is a leading provider of testing and measurement solutions for the telecommunications industry. Its competitive advantage lies in its comprehensive portfolio of products, its strong customer relationships, and its deep expertise in network technologies.
Total Addressable Market (TAM)
The TAM for Viavi's core markets (network testing, service enablement, and optical security) is estimated to be in the billions of dollars. Viavi is well-positioned to capture a significant portion of this market due to its leading market position and its innovative product offerings.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Comprehensive product portfolio
- Global customer base
- Deep expertise in network technologies
- Significant market share in key segments
Weaknesses
- Dependence on telecommunications industry cycles
- Exposure to intense competition
- Potential for product obsolescence
- Reliance on key suppliers
Opportunities
- Expansion into new markets, such as enterprise networks
- Development of new products for emerging technologies, such as 6G
- Strategic acquisitions to expand product portfolio
- Increased demand for network testing solutions driven by 5G deployment
Threats
- Economic downturns that could reduce capital spending by telecommunications companies
- Increased competition from new entrants and established players
- Technological changes that could render existing products obsolete
- Disruptions in the supply chain
Competitors and Market Share
Key Competitors
- KEYS
- EXFO
- ANRITSU CORP (6752.T)
Competitive Landscape
Viavi has a strong position in network and service enablement, facing competition from Keysight and EXFO. They need to continuously innovate to keep market share. Being privately held, EXFO is more nimble.
Major Acquisitions
Cobham AvComm and Wireless Test and Measurement businesses
- Year: 2018
- Acquisition Price (USD millions): 455
- Strategic Rationale: Expanded Viavi's portfolio of testing and measurement solutions for wireless networks.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is linked to telecommunication spending on 5G, fiber and other networking technologies.
Future Projections: Future projections are heavily dependent on investments and spending in new wireless technologies.
Recent Initiatives: Recent initiatives include new testing solutions for 5G Open RAN and cloud-native networks.
Summary
Viavi Solutions Inc. is a key player in the network testing and optical security markets, driven by 5G and related technology. Their strengths lie in the broad product portfolio, and expertise, but they are impacted by telecom cycles. Strategic acquisitions are important for growth. Continuous innovation is key to competing against larger companies.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and should not be construed as investment advice. Market share data are estimates and may vary. Financial data has been summarized.
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 telecommunications, cloud, enterprises, first responders, military, aerospace, and critical infrastructures in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. It operates in two segments, Network and Service Enablement (NSE) and Optical Security and Performance Products (OSP). The NSE segment provides testing, monitoring, assurance, and security solutions that address lab and production environments, network management, service assurance, and AIOps for wireless, wireline, cloud, satellite, public safety, military, and infrastructure networks. This segment also offers instruments, microprobes, and perpetual software licenses that support the development, production, maintenance, and optimization of network systems, as well as product support and professional services comprising repair, calibration, software support, and technical assistance for its products. Its OSP segment leverages its core optical coating technologies and volume manufacturing capability to design, manufacture, and sell technologies for the anti-counterfeiting, 3D sensing, government and aerospace, automotive, and industrial markets. The company was formerly known as JDS Uniphase Corporation. Viavi Solutions Inc. was founded in 1923 and is headquartered in Chandler, Arizona.

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