NASDAQ: VIAV · Communication Equipment
Viavi Solutions (VIAV) fair value: undervalued or overvalued?
As of 3 Oct 2026, Faircurve's model values Viavi Solutions (VIAV) at $44.25 a share. The stock last closed at $47.10, which puts the model's fair value 6.1% below the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 2 Oct 2026. Viavi Solutions Inc.
Faircurve Insights · 3 Oct 2026
Viavi Solutions Inc. offers a comprehensive suite of solutions for network testing, monitoring, and assurance to a global customer base. The company is in Technology, Communication Equipment.
Faircurve's model found a fair value of $44.25 a share on 3 Oct 2026, the midpoint of 2,000 simulations. The previous run on 26 Sep 2026 gave $39.07, so the fair value moved +13.3%. The calibrated range over 63 trading days is $36.92 to $53.64, built from the fair value and calibrated weekly against realised prices (4,809 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon, and the evidence grade is Medium.
The overall quality score against comparable companies is 59 out of 100. Comparable companies are Zebra Technologies Corporation (ZBRA), Belden Inc. (BDC), Extreme Networks, Inc. (EXTR), Digi International Inc. (DGII), Calix, Inc. (CALX), and Motorola Solutions, Inc. (MSI). Moves around the last 8 earnings reports show a median size of 14.1%, ignoring direction, with the largest move being +22.1% on 29 Oct 2025 and the smallest being +0.7% on 5 Aug 2026.
Written from the figures on this page for the 3 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give VIAV?
The calibrated range for VIAV over 63 trading days is $36.92 to $53.64. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,809 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $30.02 to $64.37. In 45% of the simulations the fair value came out above the price the model ran on.
How does VIAV score on business quality?
Viavi Solutions's overall quality score is 59 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 32 | 4.6%ROIC | 11.4% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 73 | ||
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 91 | 40.0%Revenue growth, trailing | 12.6% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 59 | 0.3%Net buybacks / market value | 0.5% |
| Balance sheetNet debt to EBITDA and interest coverage. | 42 | 0.36xNet debt / EBITDA | 0.55x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 64 | 2.9 ptsEBITDA margin downside volatility, 5y | 4.2 pts |
How does VIAV compare with similar companies?
The companies in communication equipment closest to Viavi Solutions in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| VSAT Viasat, Inc. | $72.00 | $99.16 | +37.7% | Low evidence grade |
| ZBRA Zebra Technologies Corporation | $375.86 | $454.76 | +21.0% | Undervalued |
| BDC Belden Inc. | $112.46 | $168.79 | +50.1% | Undervalued |
| EXTR Extreme Networks, Inc. | $23.12 | $28.27 | +22.3% | Undervalued |
| DGII Digi International Inc. | $75.61 | $69.27 | -8.4% | Fairly valued |
| CIEN Ciena Corporation | $391.34 | $428.85 | +9.6% | Data under review |
| CALX Calix, Inc. | $34.81 | $34.87 | +0.2% | Fairly valued |
| MSI Motorola Solutions, Inc. | $447.41 | $425.96 | -4.8% | Fairly valued |
All communication equipment stocks ranked by gap to fair value
When does VIAV report earnings, and how has the stock reacted?
Viavi Solutions's next earnings report is scheduled for 28 Oct 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 10.8% in either direction through the nearest expiry, about 13 days out. That is the size the market is pricing, not a direction.
How VIAV moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 14.1%.
| Report date | Two session move |
|---|---|
| 5 Aug 2026 | +0.7% |
| 29 Apr 2026 | +21.4% |
| 28 Jan 2026 | +19.3% |
| 29 Oct 2025 | +22.1% |
| 7 Aug 2025 | +8.9% |
| 1 May 2025 | -8.3% |
| 30 Jan 2025 | +21.6% |
| 31 Oct 2024 | +4.3% |
Viavi Solutions at a glance
Viavi Solutions Inc. offers a comprehensive suite of solutions for network testing, monitoring, and assurance to a global customer base.
- Market value
- $11.6B
- Sector
- Technology
- Industry
- Communication Equipment
- Revenue expected, next twelve months
- $2.0B
- Consensus revenue growth, next fiscal year
- +24.3%
- Analysts with estimates
- 5
- Beta to the US market
- 2.17
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices Viavi Solutions on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for VIAV was $39.07. As of 3 Oct 2026 it is $44.25, a change of +13.3%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Viavi Solutions's valuation
Is Viavi Solutions stock undervalued or overvalued?
On Faircurve's model, VIAV reads as Fairly valued as of 3 Oct 2026. The model's fair value is $44.25 a share against a last close of $47.10, a gap of -6.1%.
What is VIAV's fair value?
$44.25 a share as of 3 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $30.02 to $64.37.
What price range does the model give VIAV?
$36.92 to $53.64 over 63 trading days. Ranges built this way held the price 60% of the time across 4,809 past valuations, refreshed 3 Oct 2026.
When does Viavi Solutions report earnings next?
The next report is scheduled for 28 Oct 2026. Companies can move their dates.
How much has VIAV moved on past earnings reports?
Across its last 8 reports the median two session move was 14.1%, ignoring direction. The largest was +22.1% around the report of 29 Oct 2025.
How confident is the model in this valuation?
The model's evidence grade for VIAV is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.