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An announcement from Viavi Solutions ( (VIAV) ) is now available.
On May 19, 2026, Viavi Solutions Inc. entered into an underwriting agreement with Stifel, Nicolaus & Company and Needham & Company for a public offering of 11,111,111 shares of common stock at $45.00 per share, with underwriters exercising in full a 30-day option on May 20, 2026 to buy an additional 1,666,666 shares. The offering generated approximately $557.2 million in net proceeds, which Viavi intends primarily to use to repay a $450 million seven-year term loan entered into in March 2025, with any remaining funds allocated to working capital and general corporate purposes, while executives and directors agreed to customary 60-day lock-up provisions that may limit short-term insider selling and support market stability around the offering.
The transaction was executed under an automatic shelf registration statement on Form S-3 that became effective upon filing with the U.S. Securities and Exchange Commission in August 2025, and a final prospectus supplement dated May 19, 2026 was filed on May 20, 2026 detailing the terms. The underwriting agreement includes customary representations, warranties, closing conditions, indemnification obligations and termination provisions, underscoring a standard capital-raising structure that strengthens Viavi’s balance sheet by accelerating deleveraging and potentially enhancing financial flexibility for future operations and investments.
The most recent analyst rating on (VIAV) stock is a Buy with a $66.00 price target. To see the full list of analyst forecasts on Viavi Solutions stock, see the VIAV Stock Forecast page.
Spark’s Take on VIAV Stock
According to Spark, TipRanks’ AI Analyst, VIAV is a Neutral.
The score reflects strong technical momentum and a constructive earnings outlook with improving margins and upbeat Q4 guidance, offset by weaker recent financial quality (TTM net loss, higher leverage, and declining free cash flow) and a very demanding valuation (extremely high P/E with no dividend support).
To see Spark’s full report on VIAV stock, click here.
More about Viavi Solutions
Viavi Solutions Inc. operates in the technology sector and is known for providing network test, monitoring and assurance solutions to communications service providers, enterprises and network equipment manufacturers. The company focuses on supporting high-performance networks and related infrastructure through specialized optical and communications testing products and services.
Average Trading Volume: 6,521,538
Technical Sentiment Signal: Buy
Current Market Cap: $11.25B
For an in-depth examination of VIAV stock, go to TipRanks’ Overview page.