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Overview Viavi Solutions Inc. (VIAVI, also referred to as the Company, we, our and us) is a global provider of network test, monitoring and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace and critical infrastructure. VIAVI is also a leader in optical processing technologies for anti-counterfeiting, 3D sensing, aerospace, automotive a…
$51.43
$1.68 (-3.16%)
Price from 19 days ago
Operating margin is thin at 5.30%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 8.4%, steady but not accelerating. Free cash flow declined 36% despite revenue growth, conversion is weakening.
At 257x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 36% versus the prior year, cash generation momentum has weakened.
257.1x earnings, 430.6x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.31B
▲ +8.4% YoY
Net Income (TTM)
$46M
▲ +234.9% YoY
Op. Margin
6.91%
▲ +3.2pp YoY
ROIC
4.85%
▲ +2.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$30M
▼ -36.0% YoY
Op. Cash Flow (TTM)
$62M
▼ -22.9% YoY
Net Debt
$622M
Cash & Equiv.
$501M
5Y CAGR: -0.9%
5Y CAGR: -9.8%
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