VIAV Viavi Solutions

VIAVI is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization to Command the network. VIAVI is also a leader in light management solutions for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, and defense applications.

Company profile

Oleg Khaykin
Fiscal year end
Former names
IRS number

VIAV stock data



7 May 21
17 Jun 21
3 Jul 21
Quarter (USD)
Apr 21 Jan 21 Oct 20 Jun 20
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jun 20 Jun 19 Jun 18 Jun 17
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Jun 21 Oleg Khaykin Common Stock Sell Dispose S No Yes 17.54 4,974 87.24K 526,262
10 Jun 21 Oleg Khaykin Common Stock Sell Dispose S No Yes 17.5 20,000 350K 531,236
8 Jun 21 Oleg Khaykin Common Stock Sell Dispose S No Yes 17.5 2,010 35.18K 551,236
7 Jun 21 Richard Belluzzo Common Stock Sell Dispose S No Yes 17.34 2,450 42.48K 214,105
2 Jun 21 Oleg Khaykin Common Stock Sell Dispose S No Yes 17.5 20,000 350K 553,246
1 Jun 21 Oleg Khaykin Common Stock Sell Dispose S No Yes 17.5293 7,694 134.87K 573,246
28 May 21 Oleg Khaykin Common Stock Payment of exercise Dispose F No No 17.53 6,405 112.28K 580,940
28 May 21 Oleg Khaykin Common Stock Option exercise Aquire M No No 0 16,277 0 587,345
28 May 21 Oleg Khaykin Common Stock Payment of exercise Dispose F No No 17.53 6,803 119.26K 571,068
28 May 21 Oleg Khaykin Common Stock Option exercise Aquire M No No 0 17,288 0 577,871

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

93.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 310 313 -1.0%
Opened positions 52 59 -11.9%
Closed positions 55 35 +57.1%
Increased positions 102 86 +18.6%
Reduced positions 84 104 -19.2%
13F shares
Current Prev Q Change
Total value 3.34B 42.6B -92.2%
Total shares 212.71M 216.73M -1.9%
Total puts 742.3K 1.18M -37.2%
Total calls 189.3K 315.6K -40.0%
Total put/call ratio 3.9 3.7 +4.7%
Largest owners
Shares Value Change
BLK Blackrock 35.94M $564.2M +3.2%
Vanguard 24.73M $388.21M +3.0%
Wellington Management 12.32M $193.46M +52.5%
GS Goldman Sachs 8.03M $126.1M -7.0%
STT State Street 7.26M $114.02M +1.9%
Capital World Investors 5.83M $91.56M +1.7%
Schroder Investment Management 5.22M $81.91M +29.0%
MCQEF Macquarie 4.76M $74.68M -2.6%
Arrowstreet Capital, Limited Partnership 4.15M $65.19M +0.1%
WHG Westwood 3.97M $62.29M +20.5%
Largest transactions
Shares Bought/sold Change
Wellington Management 12.32M +4.24M +52.5%
Norges Bank 0 -2.99M EXIT
DnB Asset Management AS 0 -2.63M EXIT
Victory Capital Management 3.5M -2.44M -41.1%
AXAHF Axa 3.35M +1.76M +110.6%
Westfield Capital Management 0 -1.65M EXIT
Schroder Investment Management 5.22M +1.17M +29.0%
BLK Blackrock 35.94M +1.13M +3.2%
KCL Capital 0 -900K EXIT
AMP Ameriprise Financial 2.03M -844.66K -29.3%

Financial report summary

  • The effects of the COVID-19 pandemic have significantly affected how we and our customers are operating our businesses, and the duration and extent to which this will impact our future results of operations and overall financial performance remains uncertain.
  • We have a history of net losses, and our future profitability is not assured.
  • Our operating results may be adversely affected by unfavorable economic and market conditions.
  • Rapid technological change in our industry presents us with significant risks and challenges, and if we are unable to keep up with the rapid changes, our customers may purchase less of our products which could adversely affect our operating results.
  • Unfavorable, uncertain or unexpected conditions in the transition to 5G may cause fluctuations in our rate of revenue growth or financial results.
  • Movement towards virtualized networks and software solutions may result in lower demand for our hardware products and increased competition.
  • Our forecasts related to our growth strategy in 3D Sensing and other applications may prove to be inaccurate.
  • Natural Disasters and Catastrophic Events
  • Certain of our products are subject to governmental and industry regulations, certifications and approvals.
  • Failure to maintain satisfactory compliance with certain privacy and data protections laws and regulations may subject us to substantial negative financial consequences and civil or criminal penalties.
  • We face risks related to our international operations and revenue.
  • Economic conditions and regulatory changes that may result from the United Kingdom’s exit from the European Union could adversely affect our business, financial condition and results of operations.
  • Certain provisions in our charter and under Delaware laws could hinder a takeover attempt.
  • Our actual operating results may differ significantly from our guidance.
  • Failure to maintain effective internal controls may adversely affect our stock price.
  • In March 2017, we issued $460.0 million of 1.00% Senior Convertible Notes due 2024, and in May 2018 we issued $225.0 million of 1.75% Senior Convertible Notes due 2023. The issuance of the Notes increases our overall leverage and could dilute our existing stockholders and lower our reported earnings per share.
  • Changes in the method of determining LIBOR, or the replacement of LIBOR with an alternative reference rate, may adversely affect interest rates on our future indebtedness and may otherwise adversely affect our financial condition and results of operations.
  • Our ability to use our net operating loss carryforwards to offset future taxable income may be subject to certain limitations.
  • We may not generate positive returns on our research and development strategy.
  • We rely on a limited number of customers for a significant portion of our sales.
  • Our business and operations could be adversely impacted in the event of a failure of our information technology infrastructure.
  • Our products may be subject to claims that they infringe the intellectual property rights of others.
  • The use of open source software in our products, as well as those of our suppliers, manufacturers and customers, may expose us to additional risks and harm our intellectual property position.
  • We face certain litigation risks that could harm our business.
  • We may be subject to environmental liabilities which could increase our expenses and harm our operating results.
  • Impairment in the carrying value of goodwill or other assets could negatively affect our results of operations or net worth.
  • Management transitions and talent retention create uncertainties and could harm our business.
  • We face a number of risks related to our strategic transactions.
Management Discussion
  • Revenue from our service offerings exceeds 10% of our total consolidated net revenue and is presented separately in our Consolidated Statements of Operations. Service revenue primarily consists of maintenance and support, extended warranty, training, professional services and post-contract support in addition to other services such as calibration and repair services. When evaluating the performance of our segments, management focuses
  • on total net revenue, gross profit and operating income and not the product or service categories. Consequently, the following discussion of business segment performance focuses on total net revenue, gross profit, and operating income consistent with our approach for managing the business.
  • We continue to monitor the rapidly evolving situation and guidance from international and domestic authorities, including federal, state and local public health authorities and may take additional actions based on their recommendations. In these circumstances, there may be developments outside our control requiring us to adjust our operating plan. As such, given the dynamic nature of this situation, the Company cannot reasonably estimate the ultimate impacts of COVID-19 on our financial condition, results of operations or cash flows in the future. However, if the COVID-19 pandemic is prolonged, the vaccine rollouts lag globally, new, and potentially more virulent variants continue to emerge, and there are continued delays in resumption of normal business operations and activities, we expect that it could have a material negative impact on our future revenue growth as well as our overall profitability.
Content analysis
H.S. freshman Avg
New words: April, Chandler, death, Derksen, Henk, India, joined, lag, land, medical, overwhelmed, oxygen, Pune, shortage, spike, transmission, unsettled, Virginia, virulent
Removed: doubtful, updated


Composition Including a Color Shifting Pigment Having a Different Particle Size
3 Jun 21
A composition including a first color shifting pigment flake population having a first D50 particle size; and a second color shifting pigment flake population having a second D50 particle size that is different from the first D50 particle size, wherein the first color shifting pigment flake population and the second color shifting pigment flake population have a similar face color and color shift is disclosed.
Cross-validation Based Calibration of a Spectroscopic Model
3 Jun 21
A device may receive a master data set for a first spectroscopic model; receive a target data set for a target population associated with the first spectroscopic model to update the first spectroscopic model; generate a training data set that includes the master data set and first data from the target data set; generate a validation data set that includes second data from the target data set and not the master data set; generate, using cross-validation and using the training data set and the validation data set, a second spectroscopic model that is an update of the first spectroscopic model; and provide the second spectroscopic model.
Multi-wavelength Power Sensing
27 May 21
In some examples, a multi-wavelength power meter may include a first coupler to separate optical signals from an optical line terminal and an optical network terminal to ascertain a reduced percentage of total power related to the optical signals.
Reactive Sputter Deposition of Dielectric Films
27 May 21
Reactive sputter deposition method and system are disclosed, in which a catalyst gas, such as water vapor, is used to increase the overall deposition rate substantially without compromising formation of a dielectric compound layer and its optical transmission.
Determining a Service Impact Score for a Metric According to a Scope of the Metric
27 May 21
A scoring platform may obtain a set of measurements associated with a service metric, wherein the service metric is associated with a service of a network.