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VIAV · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Viavi Solutions Inc. Common Stock (VIAV) stock moving?
Viavi reported fiscal Q1 2027 revenue of $469.3M, up 56.9% year over year, with non-GAAP EPS of $0.47, both above the consensus of about $455M and $0.41. Management guided Q2 sales to $505M-$515M and adjusted EPS to $0.50-$0.52, well above estimates of $467.6M and $0.40, and cited data center and aerospace and defense demand. Despite the beat, the stock fell from $34.46 on Oct 28 to a $24.08 intraday low on Nov 5, closing down 10.5% that day on 14.3M shares as analysts trimmed targets: Needham to $53 from $60 with a Buy rating, and UBS kept Neutral with a $33 target. The stock then rebounded 12.3% to $31.98 on Nov 9 on 9.7M shares and closed at $31.01 on Nov 10, roughly 10% below the late-October levels. The Blackpool ORBIT and MCP product news is incremental. The fundamental picture is strong, but the price has only partly recovered from the post-earnings drop and sits near the UBS target.
News behind the analysis
- VIAVI Joins ORBIT Consortium to Bring Digital Twin Technology to Private 5G on Blackpool's Trams and BusesViavi has joined the ORBIT consortium to apply digital twin technology to private 5G networks on public transport in Blackpool.
- UBS Maintains Neutral on Viavi Solutions, Lowers Price Target to $33UBS keeps its Neutral rating and cuts its price target to $33.
- Analysts Adjust Price Targets for Viavi Solutions Following Fiscal Q1 ResultsNeedham, UBS and B. Riley updated their price targets for Viavi after its fiscal first-quarter report.
- Needham Maintains Buy on Viavi Solutions, Lowers Price Target to $53Needham keeps its Buy rating and lowers its price target to $53 from $60.
- VIAVI Solutions Reports Fiscal First Quarter 2027 ResultsQ1 revenue of $469.3M rose 56.9% year over year, with adjusted EPS of $0.47, both above analyst expectations.
- Viavi Solutions Sees Q2 Adj EPS $0.50-$0.52 vs $0.40 Est; Sees Sales $505.000M-$515.000M vs $467.630M EstViavi guided Q2 adjusted EPS to $0.50-$0.52 and sales to $505M-$515M, both above consensus.
- Viavi Solutions Q1 Adj. EPS $0.47 Beats $0.41 Estimate, Sales $469.300M Beat $455.063M EstimateAdjusted EPS of $0.47 beat the $0.41 estimate, and sales of $469.3M beat the $455.1M estimate.
- Viavi Solutions Integrates Model Context Protocol (MCP) Server Framework into NITRO AI PortfolioViavi launched an MCP Server Framework for its NITRO AI portfolio, letting engineers manage network and security testing through natural-language prompts.
About Viavi Solutions Inc. Common Stock
VIAVI Solutions is a Chandler, Arizona–based maker of test and measurement gear for networks and data centers, positioning and timing technology, and specialty optical products. It stands out for its wide range of network testing tools, which grew with the purchase of Spirent's high-speed Ethernet and channel emulation businesses and of Inertial Labs, and for its optical coatings used in anti-counterfeiting and 3D sensing.
How it makes money
Most revenue (about 78% in fiscal 2026) comes from Network & Service Enablement: lab, production and field test equipment, software and services sold to data center operators, network equipment makers, telecom carriers, and aerospace and defense customers. The rest comes from Optical Security & Performance products, such as anti-counterfeiting pigments for banknotes and optical filters for 3D sensing in consumer electronics and cars. Fiscal 2026 revenue (year ended June 2026) was roughly $1.5 billion, up about 40%. Revenue in the most recent quarter was about $469 million.
What usually moves VIAV
- AI data-center and optical networking spending
- Telecom carrier capital spending (5G, fiber)
- Aerospace and defense demand
- Integration of acquisitions (Spirent, Inertial Labs)
- Consumer electronics 3D sensing and anti-counterfeiting demand