Viavi Solutions Inc (VIAV)

Viavi Solutions' stock price has been impacted by several events over the past six months. The company's shares tumbled after its fiscal third-quarter 2025 earnings release due to a drop in operating cash flow. Viavi reported strong fiscal fourth-quarter and full-year 2025 results, driven by demand for fiber lab and production products and robust performance in the OSP segment. Viavi announced a partnership with CrowdStrike to integrate the VIAVI Observer network observability platform with CrowdStrike Falcon® Next-Gen SIEM. Viavi completed its acquisition of Spirent Communications plc's high-speed ethernet, network security, and channel emulation testing business lines. S&P Global Ratings downgraded Viavi Solutions due to the higher debt balance following the Spirent acquisition. Viavi Solutions' stock hit 52-week highs, and Stifel raised its price target on Viavi Solutions. Viavi Solutions is scheduled to announce its fiscal first-quarter 2026 financial results on October 30, 2025.

Viavi Solutions has indicated that its diversification and growth in the data center ecosystem and aerospace and defense businesses are helping to offset and mitigate the traditional revenue seasonality driven by service provider demand dynamics. The company expects quarter-over-quarter revenue for its Optical Security and Performance Products (OSP) segment to be slightly higher, driven by seasonally stronger 3D sensing products for the first fiscal quarter of 2026.

Viavi Solutions, Inc. is a global provider of network test, monitoring, and assurance solutions, as well as specialized optical technologies, operating in the Technology sector within the Communications Equipment industry. The company's business is divided into Network and Service Enablement (NSE) and Optical Security and Performance Products (OSP) segments. The NSE segment offers testing, monitoring, assurance, and security solutions for various networks, including wireless, wireline, and cloud. The OSP segment leverages optical coating technologies to provide solutions for anti-counterfeiting, 3D sensing, government and aerospace, and industrial markets.

Viavi Solutions operates globally with over 60 locations in more than 40 countries, serving customers across North, Central, and South America, Europe, Africa, the Middle East, and Asia-Pacific/China/Japan. The company's corporate headquarters are located in Chandler, Arizona, U.S. In fiscal year 2025, the Americas, Asia-Pacific, and EMEA regions accounted for 39.2%, 35.0%, and 25.8% of total net revenue, respectively.

Viavi Solutions' brand reputation has been influenced by strategic partnerships and acquisitions, as well as financial assessments. The partnership with CrowdStrike and the acquisition of Spirent Communications plc's business lines are positive developments that enhance cybersecurity offerings and expand solutions in the AI data center market. The downgrade by S&P Global Ratings indicates increased financial risk due to a higher debt balance. Analyst ratings for Viavi Solutions are generally positive, with a consensus rating of "Moderate Buy."

Viavi Solutions' stock is predominantly owned by institutional investors, who hold approximately 97.39% of the shares, while individual investors own about 1.7% of the company. Major institutional shareholders include BlackRock Inc., Vanguard Group Inc., and Wellington Management Group LLP. The largest individual shareholder is Oleg Khaykin, who owns 2.23 million shares, representing 1.00% of the company.