Viavi Solutions enters fiscal 2027 with sharply improved revenue, earnings and operating margins, but its valuation remains above the five-year median. Fiscal 2026 revenues rose 40% year over year to $1.5 billion, while earnings increased 112.8% to $1 per share. The Zacks Consensus Estimate calls for fiscal 2027 revenues of $1.874 billion, implying 23.5% growth, and earnings of $1.22 per share. The stock trades at 34.4 times forward 12-month earnings, above its five-year median of 27.5 times, and carries a Zacks Rank of 3, or Hold, with weak Style Scores. Growth is supported by data center and AI infrastructure demand, broader testing capabilities and the integration of Spirent assets.
