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Viavi Solutions Inc. (VIAV)

Technology | Communication Equipment | Chandler, United States | NasdaqGS
36.54 USD -1.91 (-4.967%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 36.96 +0.42 (1.149%) ⇧ (Aug. 28, 2026, 7:56 p.m. EDT)

Short-term:★★★⯪☆Long-term:★★⯪☆☆Dividends:☆☆☆☆☆
Hot Take | Aug. 22, 2026, 2:58 a.m. EDT

The immediate catalyst here is undeniable: institutional capital is flowing in aggressively, with major firms like Bowen Hanes and Jennison Associates accumulating shares while the stock rallies off its lows. This insider-like buying coincides with a rebound in revenue growth (+52%) and a turnaround in quarterly earnings, suggesting the market is finally pricing in a recovery from the multi-year slump. However, the long-term investment case remains fragile; despite the recent price surge, the company still reports negative earnings per share and negative return on equity, meaning the current valuation relies entirely on the expectation of future profitability rather than current cash generation. The options market confirms this sentiment, with traders betting big on a continuation of the rally toward the $60 target, yet the lack of a dividend and the lingering fundamental deficits prevent this from being a core holding yet. It is a high-conviction momentum play for the near term, but a speculative hold for the long haul.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.215470
AutoETS0.225580
MSTL0.226977
AutoTheta0.231690

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 36%
H-stat 1.71
Ljung-Box p 0.000
Jarque-Bera p 0.953
Excess Kurtosis 0.17
Attribute Value
Sector Technology
Debt to Equity Ratio 48.243
Revenue per Share 6.616
Market Cap 9,016,239,104
Forward P/E 18.73
Beta 1.23
Profit Margins -2.00%
Website https://www.viavisolutions.com

As of Aug. 22, 2026, 2:58 a.m. EDT: Speculators are positioning for a significant upside move, evidenced by massive open interest walls at $50 and $60 strikes in calls, while put activity remains concentrated near the money ($33-$43) without establishing deep out-of-the-money protection. The skew suggests a bullish bet on a rally toward the analyst mean rather than a hedge against a crash.


Info Dump

Attribute Value
52 Week Change 2.346388
Address1 1,445 South Spectrum Boulevard
Address2 Suite 102
All Time High 698.1655
All Time Low 0.959898
Ask 36.54
Ask Size 1
Audit Risk 2
Average Analyst Rating 1.4 - Strong Buy
Average Daily Volume10 Day 3,872,980
Average Daily Volume3 Month 6,387,862
Average Volume 6,387,862
Average Volume10Days 3,872,980
Beta 1.234
Bid 35.24
Bid Size 1
Board Risk 2
Book Value 5.864
City Chandler
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 36.54
Current Ratio 1.846
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 38.43
Day Low 36.49
Debt To Equity 48.243
Display Name Viavi
Earnings Call Timestamp End 1,785,961,800
Earnings Call Timestamp Start 1,785,961,800
Earnings Growth 3.265
Earnings Quarterly Growth 3.088
Earnings Timestamp 1,785,960,000
Earnings Timestamp End 1,793,217,600
Earnings Timestamp Start 1,793,217,600
Ebitda 278,900,000
Ebitda Margins 0.18369
Enterprise To Ebitda 34.193
Enterprise To Revenue 6.281
Enterprise Value 9,536,530,432
Eps Current Year 1.64374
Eps Forward 1.95071
Eps Trailing Twelve Months -0.13
Esg Populated 0
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 41.5726
Fifty Day Average Change -5.0326004
Fifty Day Average Change Percent -0.1210557
Fifty Two Week Change Percent 234.63881
Fifty Two Week High 60.43
Fifty Two Week High Change -23.89
Fifty Two Week High Change Percent -0.39533344
Fifty Two Week Low 11.16
Fifty Two Week Low Change 25.380001
Fifty Two Week Low Change Percent 2.2741938
Fifty Two Week Range 11.16 - 60.43
Financial Currency USD
First Trade Date Milliseconds 753,546,600,000
Float Shares 244,348,952
Forward Eps 1.95071
Forward P E 18.731642
Free Cashflow 158,712,496
Full Exchange Name NasdaqGS
Full Time Employees 4,100
Fullday Change -1.91
Fullday Change Percent -4.96749
Fullday Price 36.96
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.6089
Gross Profits 924,499,968
Has Pre Post Market Data 1
Held Percent Insiders 0.00997
Held Percent Institutions 1.00068
Implied Shares Outstanding 246,749,828
Industry Communication Equipment
Industry Disp Communication Equipment
Industry Key communication-equipment
Ir Website http://phx.corporate-ir.net/phoenix.zhtml?c=105112&p=irol-irhome
Is Earnings Date Estimate 0
Language en-US
Last Fiscal Year End 1,782,518,400
Last Split Date 1,438,646,400
Last Split Factor 1,758:1000
Long Business Summary Viavi Solutions Inc. engages in the provision of test and measurement and optical technologies for military, aerospace, railway and first responder communications in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates in two segments, Network and Service Enablement (NSE) and Optical Security and Performance Products (OSP). The NSE segment provides integrated portfolio of test, monitoring, assurance, and resilient PNT solutions that enable and secure critical infrastructure. This segment also offers instruments, microprobes, and perpetual software licenses that support the development, production, maintenance, and optimization of network systems, as well as repair, calibration, extended warranty, software support, technical assistance, training, and consulting services. The 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.
Long Name Viavi Solutions Inc.
Market us_market
Market Cap 9,016,239,104
Market State CLOSED
Max Age 86,400
Message Board Id finmb_96079
Most Recent Quarter 1,782,518,400
Net Income To Common -30,400,000
Next Fiscal Year End 1,814,054,400
Non Diluted Market Cap 9,487,530,886
Number Of Analyst Opinions 7
Open 38.41
Operating Cashflow 113,900,000
Operating Margins 0.14308
Overall Risk 1
Payout Ratio 0.0
Peg Ratio 1.34
Phone 408 404 3600
Post Market Change 0.41999817
Post Market Change Percent 1.1494203
Post Market Price 36.96
Post Market Time 1,787,961,361
Previous Close 38.45
Price Eps Current Year 22.229794
Price Hint 2
Price To Book 6.2312417
Price To Sales Trailing12 Months 5.938378
Profit Margins -0.02002
Quick Ratio 1.507
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.375
Region US
Regular Market Change -1.91
Regular Market Change Percent -4.96749
Regular Market Day High 38.43
Regular Market Day Low 36.49
Regular Market Day Range 36.49 - 38.43
Regular Market Open 38.41
Regular Market Previous Close 38.45
Regular Market Price 36.54
Regular Market Time 1,787,947,200
Regular Market Volume 2,492,331
Return On Assets 0.04551
Return On Equity -0.02728
Revenue Growth 0.525
Revenue Per Share 6.616
Sand P52 Week Change 0.20504117
Sector Technology
Sector Disp Technology
Sector Key technology
Share Holder Rights Risk 2
Shares Outstanding 246,749,828
Shares Percent Shares Out 0.0359
Shares Short 8,849,135
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 12,069,921
Short Name Viavi Solutions Inc.
Short Percent Of Float 0.0497
Short Ratio 1.72
Source Interval 15
State AZ
Symbol VIAV
Target High Price 70.0
Target Low Price 44.0
Target Mean Price 61.42857
Target Median Price 65.0
Total Cash 649,800,000
Total Cash Per Share 2.633
Total Debt 698,800,000
Total Revenue 1,518,300,032
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.13
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 34.28225
Two Hundred Day Average Change 2.2577515
Two Hundred Day Average Change Percent 0.06585774
Type Disp Equity
Volume 2,492,331
Website https://www.viavisolutions.com
Zip 85,286