Viavi Solutions Inc.

Description

Viavi Solutions Inc. provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP). The NE segment offers testing solutions that access the network to perform build-out and maintenance tasks. Its solutions include instruments, software, and services to design, build, activate, certify, troubleshoot, and optimize networks; and test and measurement instrumentation for aviation, aerospace, government, defense, communication and safety. It also offers support and professional services, such as repair, calibration, software support, and technical assistance for the products; and system integration projects, including project management, installation, and implementation, as well as product and technology training, and consulting services. The SE segment provides embedded systems and enterprise performance management solutions for communication service providers, enterprises, and cloud operators with visibility into network, service, and application data. Its solutions include instruments, microprobes, and software, which monitor, collect, and analyze network data to reveal the actual customer experience and to identify opportunities for new revenue streams and network optimization. The OSP segment offers optical products for anti-counterfeiting, consumer electronics, industrial, government, 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.

About

CEO
Mr. Oleg Khaykin
Employees
3,600
Instrument type
Common Stock
Sector
Technology
Industry
Communication Equipment
MIC code
XNGS
Address
1445 South Spectrum Boulevard, Chandler, AZ 85286, United States
Phone
408 404 3600
Website
Chart Image
× Enlarged Chart
Oscillators
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Summary
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Moving Averages
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Oct 30, 2025
Aug 7, 2025
Apr 30, 2025
Jan 31, 2025 0.10
Nov 1, 2024 0.06 0.06 0.00 0.00%

Earnings estimate

Current Quarter
(Mar 2025)
Next Quarter
(Jun 2025)
Current Year
(Jun 2025)
Next Year
(Jun 2026)
Number of analysts 8 8 9 8
Average estimate 0.10 0.13 0.41 0.53
Low estimate 0.09 0.12 0.37 0.47
High estimate 0.12 0.15 0.45 0.57
Last year EPS 0.06 0.08 0.33 0.41
[stock_revenue_estimate]

Growth estimates

Current qtr (Mar 2025)
97.520%
Next qtr. (Jun 2025)
71.000%
Current year (Jun 2025)
32.630%
Next year (Jun 2026)
25.400%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 31, 2025
Stifel
Ruben Roy
Reiterates Buy ▲ Raises $12 → $13
Jan 31, 2025
UBS
Andrew Spinola
Maintains Neutral ▲ Raises $10.6 → $11.5
Jan 31, 2025
B. Riley Securities
Dave Kang
Maintains Neutral ▲ Raises $10 → $12
Jan 31, 2025
Morgan Stanley
Meta Marshall
Maintains Underweight ▲ Raises $9.5 → $10
Jan 31, 2025
Northland Capital Markets
Tim Savageaux
Reiterates Outperform ▲ Raises $13 → $14
Jan 31, 2025
Needham
Ryan Koontz
Upgrade Buy Announces $15
Dec 17, 2024
Morgan Stanley
Meta Marshall
Downgrade Underweight ▲ Raises $8 → $9.5
Dec 16, 2024
Needham
Ryan Koontz
Reiterates Hold
Dec 16, 2024
Stifel
Ruben Roy
Maintains Buy ▲ Raises $10.5 → $12
Nov 19, 2024
UBS
Andrew Spinola
Initiates Neutral Announces $10.6
Nov 1, 2024
Rosenblatt
Mike Genovese
Maintains Neutral ▲ Raises $8.25 → $10.5
Nov 1, 2024
Northland Capital Markets
Tim Savageaux
Maintains Outperform ▲ Raises $11 → $13
Nov 1, 2024
Needham
Ryan Koontz
Reiterates Hold
Aug 9, 2024
B. Riley Securities
Dave Kang
Maintains Neutral ▼ Lowers $9 → $8.5
Aug 9, 2024
Needham
Ryan Koontz
Reiterates Hold
Aug 6, 2024
Stifel
Ruben Roy
Maintains Buy ▼ Lowers $13 → $10.5
Jun 26, 2024
Rosenblatt
Mike Genovese
Downgrade Neutral ▼ Lowers $10 → $8.25
May 3, 2024
Needham
Ryan Koontz
Reiterates Hold
May 3, 2024
Rosenblatt
Mike Genovese
Maintains Buy ▼ Lowers $13 → $10
Apr 3, 2024
Rosenblatt
Mike Genovese
Maintains Buy ▼ Lowers $15 → $13
Apr 1, 2024
Stifel
Ruben Roy
Maintains Buy Maintains $13
Apr 1, 2024
Needham
Alex Henderson
Reiterates Hold
Mar 7, 2024
Susquehanna
Mehdi Hosseini
Maintains Positive ▲ Raises $12 → $14
Mar 6, 2024
Morgan Stanley
Meta Marshall
Maintains Equal-Weight ▲ Raises $9 → $11
Mar 6, 2024
Rosenblatt
Mike Genovese
Maintains Buy ▲ Raises $13 → $15
Mar 6, 2024
Northland Capital Markets
Tim Savageaux
Maintains Outperform ▲ Raises $12 → $17
Feb 12, 2024
Stifel
Ruben Roy
Upgrade Buy ▲ Raises $10 → $13
Dec 13, 2023
Rosenblatt
Mike Genovese
Maintains Buy ▲ Raises $10 → $12
Nov 3, 2023
Morgan Stanley
Connor Lynagh
Maintains Equal-Weight ▼ Lowers $10 → $9
Nov 3, 2023
Rosenblatt
Mike Genovese
Maintains Buy ▼ Lowers $14 → $10

Income statement

2024 2023 2022 2021 2020
Fiscal date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total reported revenue 1.00B 1.11B 1.29B 1.20B 1.14B
Cost of revenue 424.50M 467.30M 518.90M 484.50M 471.00M
Gross profit 575.90M 638.80M 773.50M 714.40M 665.30M
Operating expense
Research & development 201.90M 206.90M 213.20M 203.00M 193.60M
Selling general and admin 333.30M 328.70M 365.70M 337.50M 315.00M
Other operating expenses
Operating income 34.40M 94.50M 184.90M 140.60M 121.60M
Non operating interest income
Income 18.90M 10.20M 3.40M 2.90M 7.10M
Expense 28.30M 24.60M 20.50M 12.40M 11.60M
Other income expense -10.80M -16.90M -99.90M 2.00M -1.00M
Pretax income 11.60M 60.70M 65.10M 130.80M 114.30M
Tax provision 37.40M 35.20M 49.60M 63.30M 65.30M
Net income -25.80M 25.50M 15.50M 67.50M 49.00M
Basic EPS -0.12 0.11 0.07 0.20 0.12
Diluted EPS -0.12 0.11 0.07 0.20 0.12
Basic average shares 222.60M 224.70M 230.90M 228.70M 229.40M
Diluted average shares 222.60M 224.70M 230.90M 228.70M 229.40M
EBITDA 108.00M 171.30M 261.30M 243.90M 235.20M
Net income from continuing op. -25.80M 25.50M 15.50M 67.50M 49.00M
Minority interests
Preferred stock dividends

Balance sheet

2024 2023 2022 2021 2020
Fiscal date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 1.74B 1.85B 1.83B 1.96B 1.78B
Current assets
Cash
Cash equivalents
Cash and cash equivalents 471.30M 506.50M 559.90M 697.80M 539.00M
Other short term investments 19.90M 14.60M 1.40M 1.60M 1.50M
Accounts receivable 213.10M 231.20M 260.90M 256.50M 235.50M
Other receivables
Inventory 96.50M 116.10M 110.10M 94.90M 83.30M
Prepaid assets 24.20M 26.30M 27.80M 23.50M 18.20M
Restricted cash 5.00M 4.50M 3.60M 4.30M 3.50M
Assets held for sale 2.50M 2.50M 2.50M 6.50M 2.50M
Hedging assets 1.70M 3.50M 3.80M
Other current assets 10.50M 7.10M 10.20M 7.90M 8.70M
Non current assets
Properties 35.80M 40.40M
Land and improvements 19.50M 19.60M 19.20M 19.90M 16.80M
Machinery furniture equipment 449.30M 439.30M 390.70M 399.60M 372.80M
Construction in progress 20.00M 24.50M 71.20M 30.10M 15.60M
Leases 73.00M 70.70M 69.80M 69.50M 66.80M
Accumulated depreciation -408.50M -386.00M -363.70M -357.90M -322.40M
Goodwill 944.00M 969.00M 829.40M 881.00M 910.90M
Investment properties
Financial assets
Intangible assets 38.20M 58.60M 54.20M 88.00M 148.10M
Investments and advances
Other non current assets 102.30M 106.00M 152.10M 168.80M 160.70M
Total liabilities 1.05B 1.16B 1.16B 1.20B 1.06B
Current liabilities
Accounts payable 50.40M 47.20M 58.30M 63.20M 53.00M
Accrued expenses 96.10M 87.20M 114.30M 107.50M 85.10M
Short term debt 9.80M 106.30M 78.50M 468.20M 14.50M
Deferred revenue 65.70M 78.60M 81.00M 70.10M 55.10M
Tax payable 9.30M 8.70M 21.10M 27.50M 13.90M
Pensions
Other current liabilities 15.80M 15.50M 16.10M 10.90M 11.20M
Non current liabilities
Long term debt 677.40M 674.70M 666.00M 271.00M 645.20M
Provision for risks and charges 17.00M 15.80M 12.90M 18.30M 11.60M
Deferred liabilities 11.70M 13.90M 9.50M 24.30M 23.90M
Derivative product liabilities
Other non current liabilities 16.80M 26.60M 9.60M 14.30M 23.90M
Shareholders equity
Common stock 200,000 200,000 200,000 200,000 200,000
Retained earnings -69.65B -69.60B -69.54B -69.32B -69.40B
Other shareholders equity -144.00M -136.00M -156.40M -97.20M -165.90M
Total shareholders equity 681.60M 690.80M 671.70M 763.90M 711.40M
Additional paid in capital 70.47B 70.43B 70.37B 70.18B 70.27B
Treasury stock
Minority interest

Cash flow statement

202420232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992
Operating Activities
Net Income-25.80M25.50M15.50M67.50M49.00M5.40M-48.60M160.20M-99.20M-88.10M-17.80M57.00M-55.60M71.60M-61.80M-909.50M-21.70M-26.30M-151.20M-261.30M-115.50M-933.80M-8.74B-56.12B-904.70M-171.10M-19.60M-17.80M2.80M700,0002.20M-800,0001.10M
Depreciation58.70M69.50M75.40M102.30M107.80M112.20M83.40M57.70M70.60M140.00M131.50M144.60M157.80M153.20M136.70M163.40M196.10M161.90M133.20M62.00M57.70M130.10M1.77B5.60B950.70M30.70M10.10M4.80M2.10M1.20M900,000900,000900,000
Deferred Taxes4.80M-10.50M600,000-9.50M-2.10M300,00061.10M340.80M-598.30M-78.90M5.10M-800,000-1.60M-1.00M-2.20M200,000-400,000200,000
Stock-Based Compensation49.40M51.20M52.30M48.30M44.60M38.20M30.50M33.20M44.00M66.90M64.10M56.50M49.10M41.40M43.10M
Other Non-Cash Items17.10M10.60M7.10M-200,000-23.90M21.90M38.60M39.40M30.90M34.40M27.30M17.20M25.40M21.10M12.30M50.20M19.00M-15.60M65.60M35.50M18.40M148.30M-100,000-100,0007.50M4.30M-100,000200,000
Accounts Receivable13.90M37.40M-18.30M-15.00M-5.10M-17.80M-53.20M23.70M23.40M-12.50M-9.60M39.20M17.20M-52.80M-62.30M110.90M-23.00M-22.30M-67.10M1.80M-12.00M39.50M343.70M-21.00M-132.90M-21.50M-12.40M1.10M-6.40M-3.30M-800,000-300,000-100,000
Accounts Payable3.20M-9.40M-5.60M7.00M-9.20M8.70M13.20M-14.80M-2.10M-10.10M25.90M-16.10M-29.20M9.70M20.80M-12.60M
Other Assets & Liabilities-100,0002.30M-36.30M12.90M32.40M-20.30M-1.10M-38.20M700,0008.00M-28.20M-106.50M-31.10M-20.40M73.90M-48.90M30.60M8.80M-5.30M-83.20M-111.60M-7.30M185.70M66.60M-22.80M-100,00013.50M-3.40M-4.20M-1.60M-1.00M-100,000-400,000
Operating Cash Flow116.40M191.90M79.60M223.40M195.60M148.30M62.80M261.20M68.30M138.60M193.20M191.90M133.60M223.80M162.70M-646.50M201.00M97.00M-26.90M-244.90M-163.00M-710.40M-5.95B-51.08B-188.60M-156.90M-9.30M-17.00M800,000-900,0001.50M-800,0001.90M
Investing Activities
Capital Expenditures-65.10M-72.20M-116.70M-41.40M-52.40M-48.10M-65.50M-35.60M-9.10M-30.40M-18.80M-122.70M1.43B-280.00M-46.60M-35.70M-58.10M-8.40M-10.80M-1.10M-700,000-400,000
Net Intangibles
Net Acquisitions-68.00M-8.30M-700,000-2.50M-47.00M-509.90M-900,000-216.00M-83.20M-12.50M700,000-201.80M-3.80M-59.90M-69.20M-479.70M-70.30M-37.10M-34.40M-176.90M175.70M-189.00M
Purchase of Investments-225.10M-13.10M-382.90M-679.40M-422.40M-562.70M-1.07B-466.60M-444.80M-355.30M-427.60M-547.60M-762.10M-777.00M-541.40M-1.40B-3.97B-2.59B-4.02B-1.59B-2.40B-204.80M-187.20M-98.00M-74.30M-10.60M-11.70M
Sale of Investments219.60M167.20M643.00M825.60M683.00M646.20M730.00M576.60M418.20M285.30M623.50M745.10M930.60M911.80M557.80M1.79B3.77B2.67B3.84B1.76B176.40M177.30M107.30M17.70M17.10M
Investing Cash Flow-2.10M-76.00M1.50M3.40M2.10M125.60M-244.00M152.10M279.70M95.70M-552.00M-25.00M-105.70M-188.30M-67.40M140.80M53.40M6.40M-506.70M303.50M-268.10M23.20M-472.70M-500,000-819.60M-40.30M-45.70M-48.90M-83.50M-4.30M-12.60M-600,000-600,000
Financing Activities
Long-Term Debt Issuance118.00M400.00M225.00M460.00M650.00M6.90M300,000
Long-Term Debt Payments-96.40M-68.10M-150.00M-276.90M-353.30M-45.40M-5.90M-306.80M-13.20M-200,000-139.60M
Other Financing Charges-15.60M-23.90M-382.30M-23.20M-32.80M-17.70M-16.30M-24.00M-154.90M-23.30M-27.70M-2.70M-13.50M-6.80M-8.60M-100,000-100,000100,000
Financing Cash Flow-132.00M-57.90M-368.20M-65.40M-77.20M-305.80M-185.40M298.60M-169.50M-28.10M467.10M-309.50M-19.80M-7.00M-8.60M-226.10M-97.40M13.00M28.20M14.50M18.80M21.40M65.10M417.70M827.20M15.40M4.40M4.30M119.50M1.00M11.90M100,000
Other Cash Details
End Cash Position481.80M515.60M572.80M708.40M547.40M530.40M624.30M1.02B482.90M347.90M297.20M281.00M401.10M395.40M340.20M286.90M265.60M362.90M364.90M506.70M327.50M241.90M412.40M762.80M319.00M75.40M33.30M29.70M
Income Tax Paid30.90M47.50M77.10M36.70M50.60M29.80M24.40M23.10M31.80M23.80M18.70M14.30M16.20M15.30M9.60M12.90M
Interest Paid23.90M22.00M17.90M12.30M11.30M11.80M11.20M6.70M6.60M6.50M4.60M4.80M6.00M5.80M6.10M6.50M
Free Cash Flow96.90M63.00M105.60M191.20M103.70M93.80M23.50M55.70M28.80M-19.20M76.80M122.70M46.90M88.60M77.80M52.70M145.50M-14.40M-148.40M-175.70M-192.60M-256.70M-46.80M-679.30M1.10M20.30M15.30M-36.20M-9.80M-8.00M700,000-600,0001.70M
Error: Invalid format in Holders JSON file.
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