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VIVIAV

Viavi Solutions Inc.

$VIAV·$9.1B·Communication Equipment·Technology
$36.29-0.7%YTD+78.6%1Y+215.8%
Mentions · last 7 days
2026-08-22: 13 posts145+8%
Price updated 3h ago·X counts updated 9d ago
VIVIAV
$VIAVViavi Solutions Inc.
$36.29-0.68%145 posts+8%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Today's AI verdict on what's driving $VIAV, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersAcceleratingAI verdict · as of 2026-08-30

The move is getting stronger, with heavier trading behind it.

AI optics testing name with an Nvidia partnership — the tape has caught up to the $500M/qtr goal.

Viavi Solutions makes network test and measurement equipment for optical and wireless communications, and it has quietly become one of the specific AI-optics testing beneficiaries. The stock is +79% YTD and +224% TTM at $37, with the run supported by a specific NVIDIA partnership.

  • Revenue and EPS are ramping cleanly: quarterly revenue ran $291M / $299M / $369M / $407M, gross margin at 56%, quarterly EPS moved $0.04 / $-0.10 / $-0.21 / $0.03 — analysts model $1.51B and $0.94 EPS for the fiscal year, so at $37 the stock is at roughly 39x forward, which the market defends on the AI-testing revenue vector.
  • The NVIDIA partnership is the specific driver: an NVIDIA partnership for 800G/1.6T AI-data-center testing platforms — that's the real customer credit that reprices VIAV from a legacy test-equipment name to an AI-optics beneficiary, and management's $500M quarterly-revenue goal now looks more like a base case than a stretch.
  • The setup is aligned: 22% projected next-year EPS growth, 20x fwd PE, 0.56 PEG, +269% EPS growth Q/Q, +52% sales growth Q/Q — that's the shape of a business the sell-side is now credibly modeling into a much bigger tape, and BlackRock's 25.7M-share buy is that thesis in action.

An Oct 28 fiscal Q1 print that shows AI-optics and CPO-testing revenue growth accelerating extends the run toward the $500M/qtr goal; a soft optical-testing print, a hyperscaler capex commentary that pulls back on testing spend, or a Keysight/Anritsu competitive move is what caps the multiple.

Agrees with X sentimentX's bullish framing tracks the mechanics — the NVIDIA partnership, the 20x forward PE/0.56 PEG framing, and the momentum-trader group grouping (BLZE/VIAV/AAOI) are all real inputs; there's no significant fundamental counter in the sample.

What to watch: The Oct 28 fiscal Q1 print — AI-optics revenue growth, CPO-testing progress, and any hyperscaler-capex commentary. A Keysight/Anritsu competitive announcement is what caps the tape.

On the calendar: 2026-10-28 — fiscal Q1 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment5 posts analyzed · as of 2026-08-14

Viavi Solutions is bullish. NVIDIA partnership for 800G/1.6T AI-data-center testing platforms, 20x fwd PE, 0.56 PEG, +269% EPS growth Q/Q, +52% sales growth Q/Q, 22% projected next-year EPS growth. All-in traders +40% total / +70% week going 3/3 with BLZE/VIAV/AAOI.

Read the AI verdict + X sentiment for $VIAV

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Network test and monitoring instruments for telecom and enterprise, plus optical anti-counterfeiting materials for currencies and documents.

Industry overviewAI analysisGenerated by AI from underlying data

Where Communication Equipment sits in its cycle right now — and what that implies for $VIAV.

Communication Equipment · Technology

AI networking — the Ethernet and InfiniBand infrastructure connecting GPU clusters — is the high-growth demand driver; CSCO's AI backlog and Arista's data center wins confirm the cycle. Traditional enterprise networking refresh is slower; AI infrastructure is where the incremental spending is.

What this means for $VIAV

Partial — software subscription economics provide some insulation from macro cycles; AI integration is the growth catalyst for this segment; Viavi Solutions Inc.

Top industry ETF

$IYZiShares U.S. Telecommunications ETF
+27.1%YTD
+37.3%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-200.3How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
5.2%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
8.2%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
0.4%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
8.5Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-6.9%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
55.7%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
1.3Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 5, 2026$0.34$0.30+14.1%
Q1 2026Apr 29, 2026$0.27$0.24+12.5%
Q4 2025Jan 28, 2026$0.22$0.19+15.8%
Q3 2025Oct 29, 2025$0.15$0.13+15.4%
Next earningsWed, Oct 28·consensus EPS $0.37

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q3 FY26$406.8M+42.8%55.7%10.3%$0.03$-32.2M
Q2 FY26$369.3M+36.4%55.3%8.1%$-0.21$36.9M
Q1 FY26$299.1M+25.6%56.0%7.4%$-0.10$22.5M
Q4 FY25$290.5M+15.3%55.8%6.0%$0.04$18.3M

Forward consensus

3-year forecast · up to 6 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$1.5B$1.5B – $1.6B$0.94$0.93 – $0.966
FY27$1.8B$1.8B – $1.9B$1.29$1.22 – $1.346
FY28$2.1B$2.1B – $2.1B$1.84$0.63 – $2.773

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.5×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.52%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-11.6%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+6.3%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

β1.235-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellAug 17Laura A. BlackDirector71.0K sh$3.3MSellAug 14Joanne SolomonDirector10.0K sh$429KSellAug 10Paul McnabEVP, Chief Mktg & Stgy Officer1.6K sh$60KSellMay 8Oleg KhaykinCEO136.5K sh$7.1MSellMay 7Oleg KhaykinCEO123.3K sh$6.3MSellMay 6Oleg KhaykinCEO34.0K sh$1.8MSellMay 6Luke M ScrivanichSVP General Manager OSP10.7K sh$567KSellMay 5Doug GilstrapDirector10.0K sh$550KSellMay 5Oleg KhaykinCEO124.8K sh$6.8MSellMay 5Paul McnabEVP, Chief Mktg & Stgy Officer2.7K sh$150K
1–10 of 12
+ 3 other (1 exempt · 1 inkind · 1 gift) in window

See when $VIAV insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

424B5Prospectus supplement (offering)May 20424B5
AI summary

VIAVI Solutions Inc. (VIAV) priced a public offering of 11,111,111 shares of common stock at $45.00 per share for gross proceeds of approximately $500 million, per a 424B5 filed May 20, 2026; underwriting discount is $1.35/share ($15M total), with net proceeds of ~$485M before expenses, plus a 30-day option for 1,666,666 additional shares. The offer price represents a discount to the May 18 closing price of $49.75. This is a large primary equity raise for VIAVI and represents significant dilution; proceeds are expected to fund strategic initiatives for the network test and measurement company.

424B5Prospectus supplement (offering)May 19424B5
AI summary

VIAVI Solutions Inc. (VIAV) filed a preliminary 424B5 on May 19, 2026 for a $500 million common stock offering (exact share count and pricing blank), with a 30-day overallotment option for up to $75M additional shares, based on an August 2025 shelf. The closing price on May 18 was $49.75 per share. This preliminary filing precedes the final 424B5 filed May 20 at $45.00/share for 11,111,111 shares; the $4.75/share discount from the prior-day close reflects the typical overnight book-building process for a large secondary offering.

8-KOfficer or director changeMay 188-K — Item 5.02: Officer or director change
AI summary

Viavi Solutions Inc. (VIAV) disclosed two board governance changes effective May 12, 2026: Donald Colvin stepped down as Audit Committee Chair (remaining a committee member) and Joanne Solomon — an audit committee financial expert on the Audit Committee since February 2022 — was appointed as new Chair. Separately, independent director Doug Gilstrap was appointed to the Corporate Development Committee. These are routine governance rotation and board refreshment actions with no material operational impact.

+ 13 other (7 13Gs · 2 earnings 8-Ks · 1 10-K · 1 SD) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

VIAV Gains From Diverse Portfolio Offering: Will it Boost Prospects?zacks.com·4d agoShould VIAV Stock Be Part of Your Portfolio After Solid Q4 Results?zacks.com·5d agoBlackRock Inc. Buys Shares of 25,728,357 Viavi Solutions Inc. $VIAVdefenseworld.net·11d agoViavi Sees AI Optics, CPO Testing Driving Path Toward $500M Quarterly Revenuemarketbeat.com·12d agoViavi Solutions Director Laura Black Sells 71,000 Shares for $3.3 Millionfool.com·13d ago

In themes

Explore the broader themes this ticker is being talked about under.

AI Photonics & Co-Packaged Optics

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Voices on X · last 7 days

No standout posts about $VIAV on X in the last 7 days.

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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