Viavi Solutions Inc. provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide.
Adequate balance sheet with moderate growth potential.
Share Price & News
How has Viavi Solutions's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VIAV has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VIAV exceeded the US Communications industry which returned -16.4% over the past year.
Return vs Market: VIAV underperformed the US Market which returned 10.5% over the past year.
Price Volatility Vs. Market
How volatile is Viavi Solutions's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Viavi Solutions Inc. (NASDAQ:VIAV) Expensive For A Reason? A Look At Its Intrinsic Value
2 weeks ago | Simply Wall StIs Viavi Solutions (NASDAQ:VIAV) A Risky Investment?
1 month ago | Simply Wall StShould Viavi Solutions Inc. (NASDAQ:VIAV) Focus On Improving This Fundamental Metric?
Is Viavi Solutions undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VIAV ($13.41) is trading above our estimate of fair value ($11.55)
Significantly Below Fair Value: VIAV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VIAV is poor value based on its PE Ratio (72.3x) compared to the Communications industry average (22.9x).
PE vs Market: VIAV is poor value based on its PE Ratio (72.3x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: VIAV is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: VIAV is overvalued based on its PB Ratio (4x) compared to the US Communications industry average (1.8x).
How is Viavi Solutions forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VIAV's forecast earnings growth (39.2% per year) is above the savings rate (1.7%).
Earnings vs Market: VIAV's earnings (39.2% per year) are forecast to grow faster than the US market (13.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VIAV's revenue (3.6% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: VIAV's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VIAV's Return on Equity is forecast to be low in 3 years time (18.9%).
How has Viavi Solutions performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VIAV has high quality earnings.
Growing Profit Margin: VIAV became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: VIAV has become profitable over the past 5 years, growing earnings by 33.9% per year.
Accelerating Growth: VIAV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: VIAV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (-19.9%).
Return on Equity
High ROE: VIAV's Return on Equity (5.6%) is considered low.
Return on Assets
Return on Capital Employed
How is Viavi Solutions's financial position?
Financial Position Analysis
Short Term Liabilities: VIAV's short term assets ($954.8M) exceed its short term liabilities ($261.9M).
Long Term Liabilities: VIAV's short term assets ($954.8M) exceed its long term liabilities ($833.5M).
Debt to Equity History and Analysis
Debt Level: VIAV's debt to equity ratio (77.2%) is considered high.
Reducing Debt: VIAV's debt to equity ratio has increased from 48.2% to 77.2% over the past 5 years.
Inventory Level: VIAV has a low level of unsold assets or inventory.
Debt Coverage by Assets: VIAV's debt is covered by short term assets (assets are 1.6x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: VIAV is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: VIAV is profitable, therefore cash runway is not a concern.
What is Viavi Solutions's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate VIAV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate VIAV's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if VIAV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VIAV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VIAV's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Oleg Khaykin (54yo)
Mr. Oleg Khaykin has been the Chief Executive Officer and President of Viavi Solutions Inc. since February 3, 2016. He joined Viavi in February 2016. Mr. Khaykin served as Senior Advisor of Silver Lake/Sil ...
CEO Compensation Analysis
Compensation vs Market: Oleg's total compensation ($USD6.94M) is above average for companies of similar size in the US market ($USD4.93M).
Compensation vs Earnings: Oleg's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||4.4yrs||US$3.02m||0.082% $2.6m|
|Executive VP and Chief Marketing & Strategy Officer||5.4yrs||US$1.48m||0.017% $539.1k|
|Senior Vice President of Global Sales||0yrs||US$1.50m||0.017% $540.0k|
|Senior VP and GM of Optical Security & Performance Products||7.5yrs||US$1.56m||0.020% $634.4k|
|Senior Vice President of Global Operations & Services and Network & Service Enablement||0yrs||US$989.20k||0.012% $375.4k|
|Senior Director of Finance & IR||0yrs||no data||no data|
|Senior VP||4.9yrs||no data||0.015% $475.7k|
|Senior Vice President of Human Resources||4.1yrs||no data||no data|
|Senior Vice President of Business Management||3.8yrs||no data||no data|
Experienced Management: VIAV's management team is considered experienced (4.4 years average tenure).
|Independent Chairman||7.3yrs||US$338.32k||0.091% $2.9m|
|Independent Director||13.9yrs||US$268.32k||0.094% $3.0m|
|Independent Director||0.3yrs||no data||no data|
|Independent Director||4.3yrs||US$275.82k||0.045% $1.4m|
|Independent Director||8.3yrs||US$280.82k||0.050% $1.6m|
|Independent Director||4.3yrs||US$245.82k||0.045% $1.4m|
|Independent Director||2yrs||US$245.82k||0.015% $470.6k|
|Independent Director||5.8yrs||US$255.82k||0.047% $1.5m|
Experienced Board: VIAV's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Viavi Solutions Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Viavi Solutions Inc.
- Ticker: VIAV
- Exchange: NasdaqGS
- Founded: 1923
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: US$3.154b
- Shares outstanding: 230.25m
- Website: https://www.viavisolutions.com
Number of Employees
- Viavi Solutions Inc.
- 6001 America Center Drive
- 6th Floor
- San Jose
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VIAV||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Nov 1993|
|UNS1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 1993|
Viavi Solutions Inc. provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP) segments. The NE segment offers testing solutions that access the network to perform build-out and maintenance tasks. This segment provides solutions that include instruments, software, and services to design, build, activate, certify, troubleshoot, and optimize networks; and instrumentation for 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, government, industrial, automotive, and consumer electronic markets, including 3D sensing applications. The company was formerly known as JDS Uniphase Corporation and changed its name to Viavi Solutions Inc. in August 2015. Viavi Solutions Inc. was founded in 1923 and is headquartered in San Jose, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 23:59|
|End of Day Share Price||2020/02/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.