VIAV
Viavi Solutions Inc.
NasdaqGSUSDEQUITY
Technology
DELAYED
Strong buy
+75/100
Last price
46.03
▼ 2.11 (4.38%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
48.18
Prev close
48.14
Day high
47.18
Day low
45.96
Volume
397.39K
Market cap
$11.32B
P/E (TTM)
—
52W range
12.23 – 60.43
Day trading desk
Gap from prior close
+0.08%
Prior close 48.14
VWAP
46.50
-1.00% from price
Relative volume
0.08×
Quiet session
Session range
4.83%
45.96 – 48.18
Position in range
3%
Near session low
ATR (14D)
2.38
5.17% of price
Prior day high
48.19
PDH
Prior day low
46.82
PDL
Bid / ask spread
—
Quote not published
Session volume
397.12K
Avg 5.05M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+9.80%
+8.3%
1M
+18.79%
+17.7%
3M
+7.35%
+4.4%
6M
+11.16%
-3.4%
YTD
+158.31%
+144.8%
1Y
+260.17%
+244.9%
3Y
+413.15%
+332.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on VIAV open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+1.09M
Net buying
Buy transactions
16
1.81M shares
Sell transactions
15
711.17K shares
Net transactions
+31
Buys less sells
Sell : buy shares
0.4 : 1
Mixed
Insider-held shares
2.96M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 23, 26 | SCRIVANICH LUKE MATTHEW Officer |
SELL | 35.87K | $1.30M | Direct |
| Sep 22, 26 | STALEY GARY W Officer |
— | 80.45K | — | Direct |
| Sep 22, 26 | PETRUCCI ANTHONY MICHAEL Chief Operating Officer |
— | 18.49K | — | Direct |
| Sep 22, 26 | SCRIVANICH LUKE MATTHEW Officer |
— | 73.02K | — | Direct |
| Sep 22, 26 | MCNAB PAUL A Officer |
— | 69.61K | — | Direct |
| Sep 22, 26 | KHAYKIN OLEG Chief Executive Officer |
— | 688.31K | — | Direct |
| Sep 22, 26 | DASKAL ILAN Chief Financial Officer |
— | 153.80K | — | Direct |
| Sep 22, 26 | SIEBERT KEVIN CHRISTOPHER General Counsel |
— | 56.31K | — | Direct |
| Sep 11, 26 | MCNAB PAUL A Officer |
SELL | 11.03K | $429.88K | Direct |
| Aug 31, 26 | SCRIVANICH LUKE MATTHEW Officer |
SELL | 23.91K | $869.64K | Direct |
| Aug 31, 26 | DASKAL ILAN Chief Financial Officer |
SELL | 56.29K | $2.04M | Direct |
| Aug 28, 26 | STALEY GARY W Officer |
— | 53.63K | — | Direct |
| Aug 28, 26 | PETRUCCI ANTHONY MICHAEL Chief Operating Officer |
— | 12.33K | — | Direct |
| Aug 28, 26 | SCRIVANICH LUKE MATTHEW Officer |
— | 48.68K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BELLUZZO RICHARD E |
Director | 160.74K | Sale |
BLACK LAURA A |
Director | 71.50K | Sale |
BRAHAM TOR R |
Director | 188.52K | Conversion of Exercise of derivative security |
COLVIN DONALD A |
Director | 147.05K | Sale |
DASKAL ILAN |
Chief Financial Officer | 94.57K | Conversion of Exercise of derivative security |
JABBAR MASOOD A |
Director | 203.86K | Conversion of Exercise of derivative security |
KHAYKIN OLEG |
Chief Executive Officer | 1.78M | Conversion of Exercise of derivative security |
SIEBERT KEVIN CHRISTOPHER |
General Counsel | 71.65K | Conversion of Exercise of derivative security |
SOLOMON JOANNE |
Director | 65.92K | Sale |
STALEY GARY W |
Officer | 217.78K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$11.32B
Enterprise value$11.93B
Revenue (TTM)$1.52B
Gross profit$924.50M
EBITDA$278.90M
Net income$-30.40M
EPS (TTM)$-0.13
Free cash flow$158.71M
Total cash$649.80M
Total debt$698.80M
Book value / share$5.86
Shares outstanding245.92M
Float243.47M
Short % of float6.33%
Dividend yield0.00%
Beta (5Y)1.21
Valuation & profitability ratios
Trailing P/E—
Forward P/E23.60
PEG ratio1.34
Price / sales—
Price / book7.85
EV / revenue7.86
EV / EBITDA42.77
Gross margin60.89%
Operating margin14.31%
Profit margin-2.00%
Return on equity-2.73%
Return on assets4.55%
Debt / equity48.24
Current ratio1.85
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.52B | $1.08B | $1.00B | $1.11B | — | +40.0% |
| Operating revenue | $1.52B | $1.08B | $1.00B | $1.11B | — | +40.0% |
| Cost of revenue | $642.90M | $463.20M | $424.50M | $467.30M | — | +38.8% |
| Gross profit | $875.40M | $621.10M | $575.90M | $638.80M | — | +40.9% |
| Research & development | $262.70M | $208.70M | $201.90M | $206.90M | — | +25.9% |
| Selling, general & admin | $469.20M | $349.40M | $333.30M | $328.70M | — | +34.3% |
| Total operating expense | $754.40M | $562.90M | $541.50M | $544.30M | — | +34.0% |
| Operating income | $121.00M | $58.20M | $34.40M | $94.50M | — | +107.9% |
| Net interest income | -$32.00M | -$16.90M | -$12.00M | -$16.90M | — | -89.3% |
| Pre-tax income | $16.30M | $38.60M | $11.60M | $60.70M | — | -57.8% |
| Tax provision | $47.50M | $4.40M | $37.40M | $35.20M | — | +979.5% |
| Net income | -$30.40M | $34.80M | -$25.80M | $25.50M | — | -187.4% |
| Net income to common | -$30.40M | $34.80M | -$25.80M | $25.50M | — | -187.4% |
| Basic EPS | -0.13 | — | -0.12 | 0.11 | 0.07 | — |
| Diluted EPS | -0.13 | — | -0.12 | 0.11 | 0.07 | — |
| EBIT | $59.80M | $66.20M | $39.90M | $85.30M | — | -9.7% |
| EBITDA | $168.10M | $128.90M | $98.60M | $154.80M | — | +30.4% |
| Basic shares | 229.50M | — | 222.60M | 224.70M | 230.90M | — |
| Diluted shares | 229.50M | — | 222.60M | 226.60M | 238.20M | — |
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $647.80M | $423.60M | $471.30M | $506.50M | — | +52.9% |
| Cash & short-term investments | $649.80M | $425.30M | $491.20M | $521.10M | — | +52.8% |
| Accounts receivable | $351.30M | $261.00M | $213.10M | $231.20M | — | +34.6% |
| Inventory | $155.30M | $117.90M | $96.50M | $116.10M | — | +31.7% |
| Total current assets | $1.26B | $885.20M | $876.50M | $945.00M | — | +41.9% |
| Property, plant & equipment | $267.10M | $266.00M | $264.00M | $283.40M | — | +0.4% |
| Goodwill & intangibles | $1.08B | $727.30M | $491.50M | $513.80M | — | +48.3% |
| Total assets | $2.71B | $1.99B | $1.74B | $1.85B | — | +35.7% |
| Total current liabilities | $680.50M | $589.70M | $247.10M | $343.50M | — | +15.4% |
| Current debt | $244.80M | $246.20M | — | $96.20M | $68.40M | -0.6% |
| Long-term debt | $397.10M | $396.30M | $636.00M | $629.50M | — | +0.2% |
| Total debt | $698.30M | $692.30M | $687.20M | $781.00M | — | +0.9% |
| Total liabilities | $1.26B | $1.21B | $1.05B | $1.16B | — | +3.6% |
| Retained earnings | -$69.69B | -$69.63B | -$69.65B | -$69.60B | — | -0.1% |
| Shareholder equity | $1.45B | $780.20M | $681.60M | $690.80M | — | +85.7% |
| Working capital | $576.00M | $295.50M | $629.40M | $601.50M | — | +94.9% |
| Net tangible assets | $370.20M | $52.90M | $190.10M | $177.00M | — | +599.8% |
| Shares issued | 246.69M | 223.24M | 222.00M | 222.00M | — | +10.5% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Net income | -$30.40M | $34.80M | -$25.80M | $25.50M | -187.4% |
| Depreciation & amortisation | $108.30M | $62.70M | $58.70M | $69.50M | +72.7% |
| Stock-based compensation | $55.40M | $53.10M | $49.40M | $51.20M | +4.3% |
| Change in working capital | -$145.90M | -$58.60M | $17.00M | -$44.90M | -149.0% |
| Operating cash flow | $113.90M | $89.80M | $116.40M | $114.10M | +26.8% |
| Capital expenditure | -$31.10M | -$27.80M | -$19.50M | -$51.10M | -11.9% |
| Investing cash flow | -$426.80M | -$128.40M | -$21.60M | -$127.10M | -232.4% |
| Share buybacks | -$30.00M | -$16.40M | -$20.00M | -$83.90M | -82.9% |
| Financing cash flow | $541.00M | -$23.60M | -$125.70M | -$50.00M | +2,392.4% |
| Free cash flow | $82.80M | $62.00M | $96.90M | $63.00M | +33.5% |
| End cash position | $659.80M | $432.10M | $481.80M | $515.60M | +52.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $443.10M | $406.80M | $369.30M | $299.10M | $290.50M | +8.9% |
| Operating revenue | $443.10M | $406.80M | $369.30M | $299.10M | $290.50M | +8.9% |
| Cost of revenue | $181.40M | $172.70M | $158.70M | $130.10M | $127.00M | +5.0% |
| Gross profit | $261.70M | $234.10M | $210.60M | $169.00M | $163.50M | +11.8% |
| Research & development | $69.80M | $71.00M | $65.90M | $56.00M | $57.20M | -1.7% |
| Selling, general & admin | $124.30M | $113.60M | $127.10M | $104.20M | $89.70M | +9.4% |
| Total operating expense | $201.40M | $192.00M | $199.30M | $161.70M | $148.40M | +4.9% |
| Operating income | $60.30M | $42.10M | $11.30M | $7.30M | $15.10M | +43.2% |
| Net interest income | -$7.20M | -$7.30M | -$11.40M | -$6.10M | -$3.70M | +1.4% |
| Pre-tax income | $43.50M | $13.80M | -$38.70M | -$2.30M | $9.60M | +215.2% |
| Tax provision | $11.40M | $7.40M | $9.70M | $19.00M | $2.20M | +54.1% |
| Net income | $32.70M | $6.40M | -$48.10M | -$21.40M | $8.00M | +410.9% |
| Net income to common | $32.70M | $6.40M | -$48.10M | -$21.40M | $8.00M | +410.9% |
| Basic EPS | 0.14 | 0.03 | -0.21 | -0.10 | 0.04 | +366.7% |
| Diluted EPS | 0.13 | 0.03 | -0.21 | -0.10 | 0.04 | +333.3% |
| EBIT | $53.00M | $27.00M | -$24.60M | $4.40M | $16.50M | +96.3% |
| EBITDA | $83.60M | $57.70M | $4.20M | $22.60M | $34.40M | +44.9% |
| Basic shares | 239.30M | 232.00M | 223.90M | 222.90M | 223.20M | +3.1% |
| Diluted shares | 261.00M | 249.50M | 223.90M | 222.90M | 227.00M | +4.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $647.80M | $499.00M | $765.50M | $543.80M | $423.60M | +29.8% |
| Cash & short-term investments | $649.80M | $500.80M | $767.40M | $545.60M | $425.30M | +29.8% |
| Accounts receivable | $351.30M | $320.30M | $284.60M | $242.00M | $261.00M | +9.7% |
| Inventory | $155.30M | $147.90M | $141.00M | $124.50M | $117.90M | +5.0% |
| Total current assets | $1.26B | $1.05B | $1.28B | $990.30M | $885.20M | +19.2% |
| Property, plant & equipment | $267.10M | $264.40M | $266.50M | $269.70M | $266.00M | +1.0% |
| Goodwill & intangibles | $1.08B | $1.10B | $1.12B | $715.50M | $727.30M | -2.0% |
| Total assets | $2.71B | $2.53B | $2.78B | $2.08B | $1.99B | +7.0% |
| Total current liabilities | $680.50M | $652.50M | $489.60M | $497.50M | $589.70M | +4.3% |
| Current debt | $244.80M | $244.50M | $53.40M | $151.10M | $246.20M | +0.1% |
| Long-term debt | $397.10M | $836.30M | $1.22B | $640.50M | $396.30M | -52.5% |
| Total debt | $698.30M | $1.14B | $1.33B | $846.60M | $692.30M | -38.6% |
| Total liabilities | $1.26B | $1.68B | $1.94B | $1.36B | $1.21B | -25.2% |
| Retained earnings | -$69.69B | -$69.72B | -$69.73B | -$69.68B | -$69.63B | +0.0% |
| Shareholder equity | $1.45B | $846.50M | $834.30M | $723.90M | $780.20M | +71.1% |
| Working capital | $576.00M | $401.20M | $789.00M | $492.80M | $295.50M | +43.6% |
| Net tangible assets | $370.20M | -$253.30M | -$288.70M | $8.40M | $52.90M | +246.2% |
| Shares issued | 246.69M | 233.90M | 231.40M | 223.20M | 223.24M | +5.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $32.70M | $6.40M | -$48.10M | -$21.40M | $8.00M | +410.9% |
| Depreciation & amortisation | $30.60M | $30.70M | $28.80M | $18.20M | $17.90M | -0.3% |
| Stock-based compensation | $14.20M | $13.90M | $13.90M | $13.40M | $12.60M | +2.2% |
| Change in working capital | -$22.50M | -$114.80M | -$9.40M | $800.00K | -$43.80M | +80.4% |
| Operating cash flow | $66.70M | -$26.30M | $42.50M | $31.00M | $23.80M | +353.6% |
| Capital expenditure | -$11.10M | -$5.90M | -$5.60M | -$8.50M | -$5.50M | -88.1% |
| Investing cash flow | -$9.50M | -$4.70M | -$404.30M | -$8.30M | $12.30M | -102.1% |
| Share buybacks | $0 | $0 | $0 | -$30.00M | $0 | — |
| Financing cash flow | $91.80M | -$231.40M | $582.90M | $97.70M | -$100.00K | +139.7% |
| Free cash flow | $55.60M | -$32.20M | $36.90M | $22.50M | $18.30M | +272.7% |
| End cash position | $659.80M | $511.30M | $776.10M | $552.10M | $432.10M | +29.0% |
Options analytics
Put / call volume
0.95
Call-heavy session
Put / call open interest
0.25
Positioning, not flow
Max pain
38.00
-17.4% from spot
ATM implied vol
75.2%
Nearest strike to spot
Skew (10% OTM)
-12.3%
Calls bid over puts
Call volume
299
Contracts, this expiry
Put volume
284
Contracts, this expiry
Heaviest call OI
46.00
10.30K contracts
Heaviest put OI
29.00
3.01K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.30 | 0.34 | +13.9% |
| Mar 2026 | 0.23 | 0.27 | +17.0% |
| Dec 2025 | 0.19 | 0.22 | +17.2% |
| Sep 2025 | 0.13 | 0.15 | +14.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.41 | 6 | $455.07M | +52.2% |
| Next quarter | 0.40 | 6 | $467.24M | +26.5% |
| Current year | 1.64 | 8 | $1.89B | +24.6% |
| Next year | 1.95 | 7 | $2.14B | +13.2% |
Analyst targets & ownership
Mean target$61.43
High target$70.00
Low target$44.00
Implied upside33.45%
Analyst count7
ConsensusNONE
Strong buy / Buy1 / 6
Hold1
Sell / Strong sell0 / 0
Held by insiders1.20%
Held by institutions100.01%
Institutions holding745
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
43.55
+5.70% from price
SMA 20
39.64
+16.12% from price
SMA 50
38.87
+18.43% from price
SMA 100
42.64
+7.94% from price
SMA 200
37.23
+23.63% from price
EMA 12
43.25
+6.44% from price
EMA 26
40.82
+12.76% from price
EMA 50
40.25
+14.35% from price
RSI (14)
65.4
Neutral
MACD (12,26,9)
2.42
Hist 1.13
ATR (14)
2.38
5.17% of price
Realised vol 30D
70.4%
Annualised
Bollinger upper
49.05
20, 2σ
Bollinger lower
30.24
20, 2σ
50 / 200 cross
Golden
38.87 vs 37.23
Trend bias
Above 200
+23.63%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.12
More volatile than market
Correlation to SPY
0.36
Loosely linked
Realised vol 30D
70.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-41.7%
Peak to trough
Max drawdown 5Y
-62.8%
Peak to trough
ATR 14
2.38
5.17% of price
Beta (reported)
1.21
5Y monthly, from filing
Short interest
Shares short
11.26M
Prior 8.85M
Change vs prior
+27.3%
Shorts adding
% of float
6.33%
Normal
% of shares out
4.56%
Against total outstanding
Days to cover
2.7
Liquid
Float
243.47M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 23, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
| Aug 19, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
| Aug 6, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Aug 6, 26 | Stifel | MAINTAINED | Buy | Buy |
| Aug 6, 26 | B. Riley Securities | MAINTAINED | Buy | Buy |
| Aug 6, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
| Aug 6, 26 | Needham | MAINTAINED | Buy | Buy |
| Jul 1, 26 | Susquehanna | MAINTAINED | Positive | Positive |
| Jun 10, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
| Apr 30, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Apr 30, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
| Apr 30, 26 | Susquehanna | MAINTAINED | Positive | Positive |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split1758:1000
Split dateAug 4, 2015
SEC filings
Proxy Statements
DEFA14A · 2026-10-02
Periodic Financial Reports
10-K · 2026-08-13
Corporate Changes & Voting Matters
8-K · 2026-08-05
Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)
SD · 2026-06-01
Corporate Changes & Voting Matters
8-K · 2026-05-21
Corporate Changes & Voting Matters
8-K · 2026-05-18
Periodic Financial Reports
10-Q · 2026-04-30
Corporate Changes & Voting Matters
8-K · 2026-04-29
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.