VIAV
Viavi Solutions Inc
NASDAQ: VIAV · TECHNOLOGY · COMMUNICATION EQUIPMENT
$53.46
+6.41% today
Updated 2026-06-12
Market cap
$13.19B
P/E ratio
—
P/S ratio
9.66x
EPS (TTM)
$-0.25
Dividend yield
—
52W range
$9 – $60
Volume
6.6M
Viavi Solutions Inc (VIAV) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed VIAV price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$53.46
Today
Analyst consensus
$64.43
+20.52% · 12M
2030 Base
$53.18
-0.52% future
NPV today
$32.46
@ 11% WACC
8 analysts:
6 Buy1 Hold1 Sell
Management guidance
Management has not provided specific multi-year revenue targets through 2030. Most recent guidance (Q3 FY2026, Apr 2026) shows strong momentum with 42.8% YoY revenue growth in Q3, but company has not articulated CEO-level directional targets for 2027-2030. Prior restructuring initiatives (Jan 2026) focused on operational efficiency rather than top-line expansion targets.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
VIAV · Viavi Solutions Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$20.08
NPV today: $12.26
Base case (2030)
$53.18
NPV today: $32.46
Bull case (2030)
$97.32
NPV today: $59.41
WallStSmart.com
VIAV financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.5B | $1.9B | $2.2B | $2.4B | $2.6B |
| Revenue growth | 8.4% | 41.7% | 21.7% | 16.2% | 11.8% | 8.5% |
| Net margin | — | 14.3% | 16.7% | 17.9% | 18.7% | 19.4% |
| EPS | $0.37 | $0.93 | $1.32 | $1.64 | $1.91 | $2.14 |
| Diluted shares | — | 235M | 236M | 236M | 237M | 238M |
| Net debt | — | $1.17B | $1.03B | $859.52M | $673.50M | $471.71M |
| P/S multiple | — | 5.0x | 5.0x | 5.0x | 5.0x | 5.0x |
| Implied price (base) | — | $27.60 | $35.13 | $42.14 | $48.17 | $53.18 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $2.6B | $2.6B | $2.6B |
| P/S multiple | 2.0x | 5.0x | 9.0x |
| Diluted shares | 238M | 238M | 238M |
| Net debt | $471.71M | $471.71M | $471.71M |
| Implied P/E † | 9x | 25x | 46x |
| 2030 Price | $20.08 | $53.18 | $97.32 |
| NPV @ 11% | $12.26 | $32.46 | $59.41 |
† Implied P/E: Multiples remain elevated across all three scenarios because VIAV is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $53.18 base case
VIAV catalysts and risks
Growth catalysts
+ AI/ML data center security and testing demand (CyberFlood CF1000 platform launched May 2026; hyperscaler capex supporting network test TAM growth)
+ 5G and fiber infrastructure deployment acceleration (optical test and monitoring solutions positioned for sustained capex cycles through 2027-2028)
+ Government/defense optical security products and contracts (Inertial Labs, DAS fiber sensing, trusted optical security products align with US infrastructure and defense spending)
+ $500M equity raise (May 2026) to reduce debt from $1.1B to $650M, improving financial flexibility and enabling M&A or R&D investment
Key risks
- Negative net margins (-4% TTM) and recent negative EPS (-$0.25 TTM) despite revenue growth suggests pricing pressure or integration/restructuring costs not yet resolved
- Insider selling (CEO Khaykin $13.4M sold May 2026, Chairman Belluzzo $2.7M, others) despite strong stock momentum raises questions about near-term valuation and management conviction
- High debt leverage (Debt/Equity 1.34) and recent $500M dilutive equity offering may pressure EPS accretion in 2026-2027 even if revenue grows
- Wireless test weakness noted in analyst commentary; dependence on customer capex cycles (hyperscalers, telcos, governments) creates execution risk if spending decelerates
- Analyst price target range wide ($60-$70) relative to current price ($48.10) reflects low consensus conviction; MarketBeat consensus target ($39.25) 18% below current price signals divergence
Methodology · Viavi Solutions Inc 2030 stock forecast model
Viavi Solutions Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 8 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-4% cumulative for VIAV by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($471.71M by 2030) |
| 3. Time value | NPV calculated using 11% WACC (CAPM: beta 1.233) |
| 4. Multiple framework | P/S compresses with scale: bear 2.0x / base 5.0x / bull 9.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
VIAV price target FAQ
What is the VIAV price target for 2030?
WallStSmart's Viavi Solutions Inc 2030 base case is $53.18 per share, with a bull case of $97.32 and bear case of $20.08. The NPV of the base case discounted to today at 11% WACC is $32.46.
How is the Viavi Solutions Inc 2030 stock forecast calculated?
The VIAV 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the VIAV price target account for dilution?
Viavi Solutions Inc is projected to grow diluted share count from 247M to 238M by 2030 (a -4% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately -4%.
What is the analyst consensus on VIAV stock?
8 analysts cover VIAV with an average 12-month price target of $64.43. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.