VIAV
TechnologyViavi Solutions Inc. · Communication Equipment · $12B
What is Viavi Solutions Inc.?
Viavi Solutions Inc. is a global provider of network test, monitoring, and assurance technologies serving communications providers, enterprises, government agencies, and avionics customers. Founded in 1993 and headquartered in Scottsdale, the company operates across three distinct business segments.
Viavi generates revenue through three segments. Network Enablement delivers instruments, software, and services used to design, build, and maintain communications networks. Service Enablement provides embedded systems and performance management tools that give service providers and enterprises visibility into network and application data. The Optical Security and Performance Products segment rounds out the portfolio with optical technologies serving security and performance applications. Together, these segments serve a broad mix of commercial and government customers worldwide.
Viavi Solutions was founded in 1993 and is headquartered in Scottsdale, Arizona.
- Network test and certification instruments for communications infrastructure
- Service assurance and performance monitoring software platforms
- Optical security and performance products for government and commercial use
- Embedded microprobes and analytics for cloud and enterprise operators
- Professional services including calibration, repair, and system integration
Is VIAV a Good Stock to Buy?
UQS Score rates VIAV as Below Average overall, reflecting meaningful challenges across several key quality dimensions.
The Growth pillar stands out as the relative bright spot within VIAV's profile, suggesting the business has identifiable expansion drivers even amid broader headwinds. This growth potential is worth monitoring, particularly as network infrastructure investment cycles evolve.
The Quality, Moat, and Risk pillars all register as Weak, pointing to concerns around business durability, competitive positioning, and financial resilience. The Valuation pillar reads as Elevated, which compounds the risk profile for investors entering at current levels.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does VIAV pay dividends?
No — Viavi Solutions Inc. does not currently pay a dividend.
Viavi Solutions does not currently pay a dividend. For a company navigating competitive technology markets across multiple segments, retaining capital for product development, operational investment, and strategic flexibility is a common approach. Income-focused investors should factor this into their assessment of VIAV relative to dividend-paying peers.
When does VIAV report earnings?
Viavi Solutions reports earnings on a quarterly cadence, consistent with standard practice for US-listed technology companies.
Quarterly results reflect the dynamics across all three segments — Network Enablement, Service Enablement, and Optical Security and Performance Products — each subject to different demand cycles. Segment mix and customer spending patterns in communications infrastructure tend to drive variability in reported outcomes.
For the most recent quarter's results and guidance, visit Viavi Solutions' investor relations page directly.
VIAV Price History
+152.5% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Viavi Solutions Inc.?
Based on Viavi Solutions Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
VIAV Long-term Outlook
VIAV's Growth pillar rating of Good suggests there are credible expansion pathways ahead, particularly as global network infrastructure buildout continues and demand for test and assurance solutions evolves. However, the Weak Risk pillar introduces meaningful uncertainty around execution, and an Elevated Valuation pillar means the market may already be pricing in an optimistic scenario. Investors weighing the long-term trajectory should balance the growth opportunity against the structural concerns flagged by the Quality and Moat pillars.
Growth drivers
- Ongoing global network infrastructure investment and 5G buildout cycles
- Growing enterprise and cloud operator demand for service assurance tools
- Government and avionics customer relationships providing recurring revenue
Key risks
- Weak competitive moat leaves VIAV exposed to displacement by larger rivals
- Elevated valuation limits margin of safety if growth disappoints
- Weak Risk pillar signals potential financial or operational fragility
VIAV vs Peers
Viavi Solutions competes across network technology and optical markets alongside several diversified technology peers.
Zebra focuses on enterprise asset intelligence and tracking solutions, competing in adjacent enterprise technology markets with a broader hardware and software ecosystem.
Viasat operates in satellite communications and secure networking, overlapping with Viavi in government and defense connectivity markets.
Belden provides signal transmission and network infrastructure solutions, competing with Viavi in the communications and industrial connectivity space.
Frequently Asked Questions
What does Viavi Solutions do?
Viavi Solutions provides network test, monitoring, and assurance technologies across three segments: Network Enablement, Service Enablement, and Optical Security and Performance Products. Its customers include communications service providers, enterprises, government agencies, and avionics operators worldwide.
Does VIAV pay dividends?
Viavi Solutions does not currently pay a dividend. The company retains capital to support its technology segments and operational needs rather than distributing cash to shareholders. Investors seeking income should consider this when evaluating VIAV.
When does VIAV report earnings?
Viavi Solutions follows a quarterly earnings reporting schedule, standard for US-listed technology companies. For confirmed dates and the most recent results, check the investor relations section of Viavi's official website.
Is VIAV a good stock to buy?
UQS Score rates VIAV as Below Average overall. The Growth pillar shows relative strength, but Quality, Moat, and Risk pillars are all Weak, and Valuation is Elevated. Whether VIAV fits a portfolio depends on individual risk tolerance and investment goals — the full UQS breakdown is available to Pro members.
Is VIAV overvalued?
The UQS Valuation pillar for VIAV is rated Elevated, suggesting the current market price may not offer a wide margin of safety relative to the company's fundamental profile. This is particularly notable given the Weak readings across Quality, Moat, and Risk pillars.
How does VIAV compare to its competitors?
Viavi competes with companies like Zebra Technologies, Viasat, and Belden across network technology and optical markets. Each competitor brings a different focus — from enterprise tracking to satellite communications — making direct comparison dependent on which segment of Viavi's business is most relevant to an investor.
What is VIAV's market cap bracket?
Viavi Solutions is classified as a large-cap company. This places it among established technology businesses with meaningful scale, though large-cap status alone does not indicate quality or investment suitability.
Who founded Viavi Solutions?
Viavi Solutions traces its origins to 1993. The company was originally part of JDS Uniphase before becoming an independent entity. Detailed founding history is widely available through public sources and the company's own investor materials.
Is VIAV a long-term quality investment?
As a long-term quality indicator, VIAV's UQS profile raises caution. Weak scores across Quality, Moat, and Risk pillars suggest the business lacks the durable competitive advantages and financial resilience typically associated with high-conviction long-term holdings. The Good Growth rating offers some offset, but the overall picture warrants careful consideration.
What is the main competitive advantage of Viavi Solutions?
Viavi's presence across network test, service assurance, and optical security markets gives it exposure to multiple technology spending cycles. However, the UQS Moat pillar rates as Weak, indicating that durable competitive advantages — such as pricing power or switching costs — are not strongly evident in the current profile.
What sector does VIAV belong to?
Viavi Solutions operates in the Technology sector, specifically within network test, monitoring, and optical solutions. Its customer base spans communications service providers, enterprises, government, and avionics, giving it a cross-industry footprint within the broader tech landscape.
Is VIAV a growth stock or value stock?
Based on the UQS profile, VIAV shows a Good Growth rating but an Elevated Valuation, which makes it a nuanced case. It does not fit cleanly into either category — growth potential exists, but the current valuation does not suggest a classic value entry point.
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Pro Analysis
VIAV — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 32.3 | 14.8 | 26.0 | 69.4 | 21.7 | 32.8 | +0.1 |
| May 10, 2026 | 32.2 | 14.8 | 26.0 | 69.4 | 21.7 | 32.5 | -0.6 |
| May 7, 2026 | 32.8 | 14.8 | 26.0 | 69.4 | 25.9 | 32.0 | +0.1 |
| May 3, 2026 | 32.7 | 14.8 | 26.0 | 69.4 | 25.9 | 31.7 | -0.2 |
| May 2, 2026 | 32.9 | 14.8 | 26.0 | 69.4 | 25.9 | 32.8 | +0.8 |
| May 1, 2026 | 32.1 | 14.8 | 26.0 | 66.1 | 25.9 | 31.7 | +0.3 |
| Apr 26, 2026 | 31.8 | 14.8 | 26.0 | 64.8 | 25.9 | 31.5 | -0.1 |
| Apr 23, 2026 | 31.9 | 14.8 | 26.0 | 64.8 | 25.9 | 32.1 | +0.2 |
| Apr 19, 2026 | 31.7 | 14.8 | 26.0 | 64.1 | 25.9 | 31.9 | -0.1 |
| Apr 18, 2026 | 31.8 | 14.8 | 26.0 | 64.1 | 25.9 | 32.3 | -1.2 |
VIAV — Pillar Breakdown
Quality
— 14.8/100 (25%)Viavi Solutions Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 69.4/100 (20%)Viavi Solutions Inc. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 21.7/100 (15%)Viavi Solutions Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 32.7/100 (15%)Viavi Solutions Inc. appears expensively valued relative to its fundamentals and growth prospects.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 26/100 (25%)Viavi Solutions Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for VIAV.
Score Composition
Financial Data
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How is the VIAV UQS Score Calculated?
The UQS (Unified Quality Score) for Viavi Solutions Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Viavi Solutions Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Viavi Solutions Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.