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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.90
VIAV's Cash-to-Debt is ranked lower than
55% of the 568 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.00 vs. VIAV: 0.90 )
Ranked among companies with meaningful Cash-to-Debt only.
VIAV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.9  Med: 2.96 Max: No Debt
Current: 0.9
0.9
No Debt
Equity-to-Asset 0.38
VIAV's Equity-to-Asset is ranked lower than
75% of the 559 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.58 vs. VIAV: 0.38 )
Ranked among companies with meaningful Equity-to-Asset only.
VIAV' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.36  Med: 0.63 Max: 0.96
Current: 0.38
0.36
0.96
Debt-to-Equity 1.07
VIAV's Debt-to-Equity is ranked lower than
85% of the 412 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.29 vs. VIAV: 1.07 )
Ranked among companies with meaningful Debt-to-Equity only.
VIAV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0  Med: 0.29 Max: 1.28
Current: 1.07
0
1.28
Debt-to-EBITDA 6.96
VIAV's Debt-to-EBITDA is ranked lower than
79% of the 341 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.05 vs. VIAV: 6.96 )
Ranked among companies with meaningful Debt-to-EBITDA only.
VIAV' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.35  Med: 2.95 Max: 10.13
Current: 6.96
-0.35
10.13
Interest Coverage 0.64
VIAV's Interest Coverage is ranked lower than
99% of the 427 Companies
in the Global Communication Equipment industry.

( Industry Median: 67.87 vs. VIAV: 0.64 )
Ranked among companies with meaningful Interest Coverage only.
VIAV' s Interest Coverage Range Over the Past 10 Years
Min: 0.47  Med: 0.65 Max: 3.44
Current: 0.64
0.47
3.44
Piotroski F-Score: 4
Altman Z-Score: -46.50
Beneish M-Score: -1.69
WACC vs ROIC
7.80%
-14.10%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 2/10

vs
industry
vs
history
Operating Margin % 3.90
VIAV's Operating Margin % is ranked lower than
61% of the 565 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.40 vs. VIAV: 3.90 )
Ranked among companies with meaningful Operating Margin % only.
VIAV' s Operating Margin % Range Over the Past 10 Years
Min: -8.25  Med: -1.59 Max: 4.9
Current: 3.9
-8.25
4.9
Net Margin % -0.43
VIAV's Net Margin % is ranked higher than
57% of the 566 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.84 vs. VIAV: -0.43 )
Ranked among companies with meaningful Net Margin % only.
VIAV' s Net Margin % Range Over the Past 10 Years
Min: -70.87  Med: -2.63 Max: 20.57
Current: -0.43
-70.87
20.57
ROE % -0.46
VIAV's ROE % is ranked lower than
53% of the 551 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.85 vs. VIAV: -0.46 )
Ranked among companies with meaningful ROE % only.
VIAV' s ROE % Range Over the Past 10 Years
Min: -66.1  Med: -3.4 Max: 22.62
Current: -0.46
-66.1
22.62
ROA % -0.17
VIAV's ROA % is ranked lower than
56% of the 571 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.42 vs. VIAV: -0.17 )
Ranked among companies with meaningful ROA % only.
VIAV' s ROA % Range Over the Past 10 Years
Min: -39.77  Med: -1.9 Max: 8.81
Current: -0.17
-39.77
8.81
ROC (Joel Greenblatt) % 29.85
VIAV's ROC (Joel Greenblatt) % is ranked higher than
86% of the 566 Companies
in the Global Communication Equipment industry.

( Industry Median: 10.41 vs. VIAV: 29.85 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
VIAV' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -256.65  Med: -8.54 Max: 158.92
Current: 29.85
-256.65
158.92
3-Year Revenue Growth Rate -4.40
VIAV's 3-Year Revenue Growth Rate is ranked lower than
66% of the 505 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.90 vs. VIAV: -4.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
VIAV' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -47  Med: 3.9 Max: 64.8
Current: -4.4
-47
64.8
3-Year EBITDA Growth Rate 56.30
VIAV's 3-Year EBITDA Growth Rate is ranked higher than
90% of the 386 Companies
in the Global Communication Equipment industry.

( Industry Median: 8.60 vs. VIAV: 56.30 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
VIAV' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0.6 Max: 88.2
Current: 56.3
0
88.2
GuruFocus has detected 3 Warning Signs with Viavi Solutions Inc VIAV.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» VIAV's 30-Y Financials

Financials (Next Earnings Date: 2018-08-15)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q3 2017

VIAV Guru Trades in Q3 2017

Joel Greenblatt 448,143 sh (New)
Ken Fisher 757,640 sh (+63.83%)
George Soros 5,126,361 sh (+39.81%)
Chuck Royce 185,000 sh (unchged)
Jim Simons 5,255,288 sh (-20.72%)
» More
Q4 2017

VIAV Guru Trades in Q4 2017

Paul Tudor Jones 97,468 sh (New)
Ken Fisher 729,500 sh (-3.71%)
Chuck Royce 155,000 sh (-16.22%)
Jim Simons 3,269,088 sh (-37.79%)
Joel Greenblatt 109,585 sh (-75.55%)
George Soros 443,700 sh (-91.34%)
» More
Q1 2018

VIAV Guru Trades in Q1 2018

Ken Fisher 729,596 sh (+0.01%)
Paul Tudor Jones Sold Out
George Soros Sold Out
Chuck Royce Sold Out
Joel Greenblatt Sold Out
Jim Simons 1,468,483 sh (-55.08%)
» More
Q2 2018

VIAV Guru Trades in Q2 2018

Paul Tudor Jones 39,450 sh (New)
Ken Fisher 686,701 sh (-5.88%)
» More
» Details

Insider Trades

Latest Guru Trades with VIAV

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ken Fisher 2018-06-30 Reduce -5.88%$9.31 - $10.37 $ 10.9311%686,701
Ken Fisher 2018-03-31 Add 0.01%$8.54 - $10.64 $ 10.9315%729,596
Joel Greenblatt 2018-03-31 Sold Out 0.01%$8.54 - $10.64 $ 10.9315%0
George Soros 2018-03-31 Sold Out 0.11%$8.54 - $10.64 $ 10.9315%0
Ken Fisher 2017-12-31 Reduce -3.71%$8.42 - $9.72 $ 10.9321%729,500
George Soros 2017-12-31 Reduce -91.34%1.32%$8.42 - $9.72 $ 10.9321%443,700
Joel Greenblatt 2017-12-31 Reduce -75.55%0.05%$8.42 - $9.72 $ 10.9321%109,585
George Soros 2017-09-30 Add 39.81%0.41%$9.14 - $11.48 $ 10.935%5,126,361
Ken Fisher 2017-09-30 Add 63.83%$9.14 - $11.48 $ 10.935%757,640
Joel Greenblatt 2017-09-30 New Buy0.06%$9.14 - $11.48 $ 10.935%448,143
Premium More recent guru trades are included for Premium Members only!!
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Business Description

Industry: Communication Equipment » Communication Equipment    NAICS: 334220    SIC: 3663
Compare:NYSE:PLT, SHSE:600621, NSE:STRTECH, OSTO:NOLA B, SZSE:002396, TSE:5803, SGX:CJLU, NAS:CASA, ISX:TOWR, NAS:FNSR, TSX:MAXR, NAS:INFN, ISX:TBIG, NAS:NTGR, SZSE:002151, SZSE:002544, SHSE:603421, SZSE:300098, SZSE:300134, MIL:EIT » details
Traded in other countries:UNS1.Germany,
Headquarter Location:USA
Viavi Solutions Inc provides network testing, monitoring, and assurance products to communications service providers, wireless operators, cable operators, network-equipment manufacturers and enterprises.

Founded in 1979, Viavi Solutions, formerly part of JDS Uniphase, is a California-based technology firm. Its predecessor spun off its fiber-optic solutions as Lumentum Holdings in August 2015 and renamed itself Viavi Solutions. The company earns the majority of revenue from network-testing and measurement equipment. The firm's major clients are communication service providers. About 25% of revenue comes from optical technology that is mainly used for currency anticounterfeiting and other end-market applications.

Ratios

vs
industry
vs
history
Forward PE Ratio 18.90
VIAV's Forward PE Ratio is ranked lower than
68% of the 66 Companies
in the Global Communication Equipment industry.

( Industry Median: 18.35 vs. VIAV: 18.90 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PB Ratio 3.25
VIAV's PB Ratio is ranked lower than
68% of the 548 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.94 vs. VIAV: 3.25 )
Ranked among companies with meaningful PB Ratio only.
VIAV' s PB Ratio Range Over the Past 10 Years
Min: 0.15  Med: 1.55 Max: 3.65
Current: 3.25
0.15
3.65
PS Ratio 3.05
VIAV's PS Ratio is ranked lower than
71% of the 551 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.41 vs. VIAV: 3.05 )
Ranked among companies with meaningful PS Ratio only.
VIAV' s PS Ratio Range Over the Past 10 Years
Min: 0.18  Med: 1.17 Max: 6.31
Current: 3.05
0.18
6.31
Price-to-Free-Cash-Flow 75.91
VIAV's Price-to-Free-Cash-Flow is ranked lower than
82% of the 194 Companies
in the Global Communication Equipment industry.

( Industry Median: 20.39 vs. VIAV: 75.91 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
VIAV' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 1.88  Med: 22.1 Max: 102.24
Current: 75.91
1.88
102.24
Price-to-Operating-Cash-Flow 35.28
VIAV's Price-to-Operating-Cash-Flow is ranked lower than
78% of the 255 Companies
in the Global Communication Equipment industry.

( Industry Median: 13.86 vs. VIAV: 35.28 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
VIAV' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.36  Med: 11.54 Max: 65.05
Current: 35.28
1.36
65.05
EV-to-EBIT 49.12
VIAV's EV-to-EBIT is ranked lower than
55% of the 379 Companies
in the Global Communication Equipment industry.

( Industry Median: 19.71 vs. VIAV: 49.12 )
Ranked among companies with meaningful EV-to-EBIT only.
VIAV' s EV-to-EBIT Range Over the Past 10 Years
Min: -424.1  Med: -0.4 Max: 1510.9
Current: 49.12
-424.1
1510.9
EV-to-EBITDA 21.85
VIAV's EV-to-EBITDA is ranked higher than
55% of the 416 Companies
in the Global Communication Equipment industry.

( Industry Median: 14.44 vs. VIAV: 21.85 )
Ranked among companies with meaningful EV-to-EBITDA only.
VIAV' s EV-to-EBITDA Range Over the Past 10 Years
Min: -22.6  Med: 9.9 Max: 109.9
Current: 21.85
-22.6
109.9
EV-to-Revenue 3.13
VIAV's EV-to-Revenue is ranked lower than
66% of the 562 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.37 vs. VIAV: 3.13 )
Ranked among companies with meaningful EV-to-Revenue only.
VIAV' s EV-to-Revenue Range Over the Past 10 Years
Min: 0.1  Med: 0.9 Max: 5.7
Current: 3.13
0.1
5.7
Current Ratio 1.58
VIAV's Current Ratio is ranked higher than
55% of the 546 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.03 vs. VIAV: 1.58 )
Ranked among companies with meaningful Current Ratio only.
VIAV' s Current Ratio Range Over the Past 10 Years
Min: 1.58  Med: 3.85 Max: 9.34
Current: 1.58
1.58
9.34
Quick Ratio 1.43
VIAV's Quick Ratio is ranked higher than
64% of the 545 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.55 vs. VIAV: 1.43 )
Ranked among companies with meaningful Quick Ratio only.
VIAV' s Quick Ratio Range Over the Past 10 Years
Min: 1.43  Med: 3.53 Max: 8.56
Current: 1.43
1.43
8.56
Days Inventory 74.27
VIAV's Days Inventory is ranked higher than
58% of the 538 Companies
in the Global Communication Equipment industry.

( Industry Median: 76.06 vs. VIAV: 74.27 )
Ranked among companies with meaningful Days Inventory only.
VIAV' s Days Inventory Range Over the Past 10 Years
Min: 53.84  Med: 63.19 Max: 136.77
Current: 74.27
53.84
136.77
Days Sales Outstanding 84.34
VIAV's Days Sales Outstanding is ranked higher than
57% of the 510 Companies
in the Global Communication Equipment industry.

( Industry Median: 71.93 vs. VIAV: 84.34 )
Ranked among companies with meaningful Days Sales Outstanding only.
VIAV' s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.27  Med: 65.38 Max: 116.64
Current: 84.34
53.27
116.64
Days Payable 60.03
VIAV's Days Payable is ranked lower than
68% of the 457 Companies
in the Global Communication Equipment industry.

( Industry Median: 65.77 vs. VIAV: 60.03 )
Ranked among companies with meaningful Days Payable only.
VIAV' s Days Payable Range Over the Past 10 Years
Min: 36.3  Med: 49.25 Max: 125.39
Current: 60.03
36.3
125.39

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio 0.40
VIAV's 3-Year Average Share Buyback Ratio is ranked higher than
81% of the 378 Companies
in the Global Communication Equipment industry.

( Industry Median: -3.00 vs. VIAV: 0.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
VIAV' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -62.8  Med: -6.5 Max: 0.7
Current: 0.4
-62.8
0.7

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 16.56
VIAV's Price-to-Tangible-Book is ranked lower than
70% of the 516 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.43 vs. VIAV: 16.56 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
VIAV' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.7  Med: 2.52 Max: 41.45
Current: 16.56
0.7
41.45
Price-to-Intrinsic-Value-Projected-FCF 2.36
VIAV's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
61% of the 296 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.57 vs. VIAV: 2.36 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
VIAV' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.24  Med: 2 Max: 851
Current: 2.36
0.24
851
Price-to-Median-PS-Value 2.61
VIAV's Price-to-Median-PS-Value is ranked lower than
91% of the 484 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.08 vs. VIAV: 2.61 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
VIAV' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.25  Med: 1.54 Max: 34.83
Current: 2.61
0.25
34.83
Earnings Yield (Greenblatt) % 2.02
VIAV's Earnings Yield (Greenblatt) % is ranked higher than
63% of the 569 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.73 vs. VIAV: 2.02 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
VIAV' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -4861.1  Med: -0.8 Max: 1629
Current: 2.02
-4861.1
1629
Forward Rate of Return (Yacktman) % 17.86
VIAV's Forward Rate of Return (Yacktman) % is ranked higher than
57% of the 261 Companies
in the Global Communication Equipment industry.

( Industry Median: 7.87 vs. VIAV: 17.86 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
VIAV' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -28.1  Med: 1.6 Max: 18
Current: 17.86
-28.1
18

More Statistics

Revenue (TTM) (Mil) $814.50
EPS (TTM) $ -0.02
Beta0.94
Volatility20.13%
52-Week Range $8.34 - 11.18
Shares Outstanding (Mil)226.32

Analyst Estimate

Jun18 Jun19 Jun20 Jun21
Revenue (Mil $) 869 1,069 1,139 1,198
EBIT (Mil $)
EBITDA (Mil $)
EPS ($) -0.06 0.29 0.12 0.19
EPS without NRI ($) -0.06 0.29 0.12 0.19
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)

Piotroski F-Score Details

Piotroski F-Score: 44
Positive ROAN
Positive CFROAY
Higher ROA yoyN
CFROA > ROAY
Lower Leverage yoyY
Higher Current Ratio yoyN
Less Shares Outstanding yoyY
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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