What does Viavi Solutions do?

Viavi makes tools and software that telecom operators, device makers and critical-infrastructure users rely on to test, monitor and secure their communication networks, including resilient positioning, navigation and timing (PNT). It also uses special optical coating technology to make products such as anti-counterfeiting features and 3D-sensing components. Its customers include military, aerospace, railway, first-responder, automotive and industrial users worldwide.

What is Viavi Solutions's fair value?

On an owner-earnings DCF, Viavi Solutions's most-likely fair value is about $12, versus a recent price near $45. A margin-of-safety estimate, not a price target. Analysis, not advice.

Technology · Communication Equipment · VIAV

What Viavi Solutions Does & How It Makes Money (VIAV)

Updated October 2026 · reflects Viavi Solutions's latest reported financials

Network test equipment and optical coatings maker, formerly JDS Uniphase. It earns money by selling test instruments, microprobes and perpetual software licenses, plus recurring services such as repair, calibration, extended warranties, software support, training and consulting.

Viavi Solutions's story, moat and numbers — in a 3-minute visual book.

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How Viavi Solutions makes money

It earns money by selling test instruments, microprobes and perpetual software licenses, plus recurring services such as repair, calibration, extended warranties, software support, training and consulting. A second stream comes from making and selling optical-coating products in volume for anti-counterfeiting, 3D sensing, aerospace, automotive and industrial customers.

What Viavi Solutions does

Viavi Solutions, formerly JDS Uniphase, is a communication equipment company with two segments. Network and Service Enablement (NSE) is the larger platform. It sells test, monitoring and assurance instruments and software, plus resilient positioning, navigation and timing (PNT) solutions, which help build, maintain, optimize and secure networks and critical infrastructure. NSE also earns service revenue from repair, calibration, warranties, software support, training and consulting. Optical Security and Performance Products (OSP) uses Viavi's core optical coating technology and high-volume manufacturing to supply anti-counterfeiting, 3D sensing, government and aerospace, automotive and industrial markets. Founded in 1923 and headquartered in Chandler, Arizona, the company sells across the Americas, Asia-Pacific and EMEA.

Products & services

Network test and measurement instruments
Network monitoring and assurance software
Resilient PNT (positioning, navigation, timing) solutions
Anti-counterfeiting optical security technologies
3D sensing optical coatings
Calibration, repair and support services

What is Viavi Solutions worth?

On an owner-earnings DCF, Viavi Solutions's most-likely value is about $12 versus a recent price near $45 (74% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$5) with a margin of safety — so the honest verdict here is “Stretched — richly priced.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Stretched — richly priced

Owner-earnings fair value · recent price ≈ $45

Fair value (most likely)

$12

Range

$8–$22

No-growth floor

Price

~$45

Today's $45 is above even the optimistic Bull case ($22) — the market expects faster, longer growth than modeled here. Expensive unless that extra growth actually shows up.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

Sector Technology Industry Communication Equipment HQ United States Ticker VIAV Official site

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