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Viavi Solutions Inc (VIAV)



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Upturn Advisory Summary
10/14/2025: VIAV (4-star) is a STRONG-BUY. BUY since 76 days. Simulated Profits (27.80%). Updated daily EoD!
1 Year Target Price $14.29
1 Year Target Price $14.29
4 | Strong Buy |
1 | Buy |
3 | Hold |
0 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 32.14% | Avg. Invested days 52 | 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 2.81B USD | Price to earnings Ratio 83.93 | 1Y Target Price 14.29 |
Price to earnings Ratio 83.93 | 1Y Target Price 14.29 | ||
Volume (30-day avg) 9 | Beta 0.9 | 52 Weeks Range 8.10 - 12.99 | Updated Date 10/14/2025 |
52 Weeks Range 8.10 - 12.99 | Updated Date 10/14/2025 | ||
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 - | When - | Estimate - | Actual - |
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 83.93 | Forward PE 20.62 | Enterprise Value 3117850334 | Price to Sales(TTM) 2.59 |
Enterprise Value 3117850334 | Price to Sales(TTM) 2.59 | ||
Enterprise Value to Revenue 2.88 | Enterprise Value to EBITDA 24.19 | Shares Outstanding 223198857 | Shares Floating 219035497 |
Shares Outstanding 223198857 | Shares Floating 219035497 | ||
Percent Insiders 1.79 | Percent Institutions 99.6 |
Upturn AI SWOT
Viavi Solutions Inc

Company Overview
History and Background
Viavi Solutions Inc. was founded in 1923 as Wandel & Goltermann. It evolved through acquisitions and restructurings, becoming JDS Uniphase (JDSU) in 1999 and later splitting into Viavi Solutions in 2015, focusing on network and service enablement.
Core Business Areas
- Network Enablement: Provides testing, measurement, and assurance solutions for network infrastructure, covering fiber optics, wireless, and enterprise networks. This is their core business
- Service Enablement: Offers performance management and optimization solutions for communications service providers, ensuring network and service quality.
- Optical Security and Performance Products (OSP): Delivers anti-counterfeiting and authentication solutions for banknotes and high-value documents, and optical filters and components.
Leadership and Structure
The company is led by the CEO, Oleg Khaykin. The organizational structure includes business units focused on network enablement, service enablement, and optical security. There is a board of directors too that oversees the company's financials and direction
Top Products and Market Share
Key Offerings
- Fiber Optic Testing: Offers comprehensive testing solutions for fiber optic networks, including OTDRs, power meters, and inspection tools. Viavi holds a significant market share in this area, estimated around 30%. Competitors include Keysight Technologies and EXFO.
- 5G Testing: Provides test and measurement solutions for 5G network deployment and optimization, including base station analyzers and network emulators. Market share is growing, estimated around 20%. Competitors include Keysight Technologies and Rohde & Schwarz.
- Optical Filters: Produces optical thin film filters used in various applications like 3D sensing, AR/VR, and medical devices. This is a relatively small part of the business. Competitors include Materion and Iridian Spectral Technologies.
Market Dynamics
Industry Overview
The network testing and measurement industry is driven by the increasing demand for bandwidth, the rollout of 5G networks, and the need for reliable network performance. The Optical Security and Performance segment follows the demand for authentication systems. The industry is quite competitive
Positioning
Viavi is positioned as a key player in the network testing and measurement market, with a strong focus on fiber optic and 5G testing. Its competitive advantages include its comprehensive product portfolio, global presence, and strong customer relationships.
Total Addressable Market (TAM)
The total addressable market is estimated to be around $10 billion. Viavi is well-positioned to capture a significant share of this market, leveraging its product portfolio and customer base.
Upturn SWOT Analysis
Strengths
- Strong product portfolio
- Global presence
- Strong customer relationships
- Innovation in fiber optic and 5G testing
- Brand Recognition
Weaknesses
- Dependence on telecom spending cycles
- Relatively smaller scale compared to some competitors
- Exposure to currency fluctuations
- Highly competitive market
Opportunities
- Expansion in emerging markets
- Growing demand for 5G testing
- Increasing adoption of fiber optic networks
- Development of new testing solutions for IoT and cloud infrastructure
- Expansion to software solutions instead of hardware
Threats
- Intense competition
- Technological obsolescence
- Economic downturns
- Changes in government regulations
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- KEYS
- EXFO
- ADTN
Competitive Landscape
Viavi benefits from a diverse product range and established relationships. Competitors like Keysight have greater scale. EXFO focuses on testing. ADTRAN focuses on telecommunications networking equipment.
Major Acquisitions
Network Critical
- Year: 2018
- Acquisition Price (USD millions): 75
- Strategic Rationale: Expanded network visibility solutions for enterprise and data center customers.
Growth Trajectory and Initiatives
Historical Growth: Viavi has experienced moderate growth in recent years, driven by the adoption of 5G and fiber optic technologies.
Future Projections: Analysts project continued growth for Viavi, driven by the ongoing deployment of 5G networks and the increasing demand for fiber optic testing solutions.
Recent Initiatives: Recent initiatives include expanding its 5G testing portfolio, investing in R&D for new technologies, and strategic acquisitions to strengthen its market position.
Summary
Viavi is a key player in network and service enablement, especially in fiber and 5G testing. The company is well-positioned for growth with its strategic acquisitions, growing product portfolio, and innovation. Viavi is highly dependent on the telecom spend cycles and needs to diversify its offerings and customers to improve long term revenue stability. The company competes in a highly competitive industry.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q)
- Investor Presentations
- Analyst Reports
- Industry Research Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and past performance is not indicative of future results. The AI-based rating is a generalized assessment and may not reflect all specific investment considerations.
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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