Viavi Solutions (VIAV)
Tests and secures communications networks while supplying anti-counterfeiting pigments and sensing optics.
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Sells instruments, systems and software for testing, monitoring, securing and assuring communications, data-center and mission-critical networks, plus optical pigments and filters for anti-counterfeiting and sensing. The network segment generates most revenue, with demand tied to infrastructure investment and product-development cycles.
Builds test, monitoring, assurance and security systems for communications and data networks. Network and Service Enablement spans lab and production validation, fiber and wireless field instruments, service assurance, network observability, and resilient positioning, navigation and timing for telecom, cloud, semiconductor, enterprise, public-safety, aerospace and defense customers.
Optical Security and Performance Products supplies color-shifting pigments for banknotes and high-value documents, plus optical filters, coatings and diffusers for sensing, aerospace, automotive and industrial applications. The network segment generates most revenue, while optical products remain a distinct business. Sales are global, with the Americas the largest region.
A broad portfolio links lab validation to field deployment and live-network operations. Demand follows customer infrastructure and product cycles; production also relies on some sole- or limited-source components and contract manufacturers in Asia.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Needham | Reiterate | Rating: —Target: $28 | Target: $60 |
| Jul 1, 2026 | Susquehanna | Reiterate | Rating: —Target: $18 | Target: $66 |
| Apr 20, 2026 | Northland Securities | Target | Target: $27.50 | Target: $50 |
| Jan 29, 2026 | Northland Securities | Target | Target: — | Target: $27.50 |
| Jan 29, 2026 | Stifel Nicolaus | Target | Target: $20 | Target: $24 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 27, 2026Cash & short-term investments $649.8M · Total debt $698.8M · Total assets $2.71B · Shareholders' equity $1.45B
- Revenue
- $443.1M
- Operating income
- $11.0M
- Net income
- $32.7M
No dividends on record.
| Institutions | ≈ 98.21% | 229.73M shares | |
|---|---|---|---|
| 595 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.57% | 1.33M shares | |
| 17 holders · as of Sep 11, 2026 | |||
| Other | ≈ 1.22% | 2.85M shares | |
| remainder | |||
233.91M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.00% | 25.73M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.82% | 13.62M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 4.76% | 11.13M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.66% | 10.90M | as of Jun 30, 2026 |
Jane Street Group, LLCInstitution | 3.97% | 9.29M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Paul McNab | officer: EVP, Chief Mktg & Stgy Officer | −11,032 | $38.97 |
| Aug 31, 2026 | Luke M. Scrivanich | officer: SVP General Manager OSP | −23,911 | $36.37 |
| Aug 31, 2026 | Ilan Daskal | officer: EVP, CFO | −56,290 | $36.29 |
| Aug 17, 2026 | Laura A. Black | director | −71,000 | $46.12 |
| Aug 14, 2026 | Joanne Solomon | director | −10,000 | $42.92 |
- Keysight Technologies
Dominant T&M peer; competes across all NSE end-markets after acquiring Spirent.
- NETSCOUT Systems
Deep-packet NPM and DDoS rival; nGeniusONE vs VIAVI Observer/NITRO.
- Crane NXT
Banknote micro-optics rival; competes with VIAVI OSP color-shift pigments.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Viavi Solutions | $35.44 | −2.10% | $8.93B | — | 22.1 | 5.9 | +52.5% |
| Keysight Technologies | $342.47 | +0.13% | $58.45B | 47.1 | 25.7 | 8.9 | +36.5% |
| NETSCOUT Systems | $38.97 | +0.06% | $2.83B | 23.6 | 14.3 | 3.2 | +12.7% |
| Crane NXT | $48.58 | +6.14% | $2.63B | 18.9 | 10.9 | 1.5 | +22.0% |
| Median | 23.6 | 14.3 | 3.2 | +22.0% |