VIAV vs CSCO

For growth investors, Viavi Solutions Inc.

(VIAV) is the stronger pick with 8. 4% revenue growth year-over-year, versus 5. 3% for Cisco Systems, Inc. (CSCO). Cisco Systems, Inc. (CSCO) offers the better valuation at 35. 9x trailing P/E (22. 1x forward), making it the more compelling value choice. Analysts rate Viavi Solutions Inc. (VIAV) a "Buy" — based on 19 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Cisco Systems, Inc.

(CSCO) is the cheapest at 35. 9x versus Viavi Solutions Inc. at 353. 3x. On forward P/E, Cisco Systems, Inc. is actually cheaper at 22. 1x.

Over the past 5 years, Viavi Solutions Inc.

(VIAV) delivered a total return of +227. 4%, compared to +89. 7% for Cisco Systems, Inc. (CSCO). Over 10 years, the gap is even starker: VIAV returned +734. 6% versus CSCO's +299. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Cisco Systems, Inc.

(CSCO) is the lower-risk stock at 0. 92β versus Viavi Solutions Inc. 's 1. 54β — meaning VIAV is approximately 68% more volatile than CSCO relative to the S&P 500. On balance sheet safety, Cisco Systems, Inc. (CSCO) carries a lower debt/equity ratio of 63% versus 89% for Viavi Solutions Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Viavi Solutions Inc.

(VIAV) is pulling ahead at 8. 4% versus 5. 3% for Cisco Systems, Inc. (CSCO). On earnings-per-share growth, the picture is similar: Viavi Solutions Inc. grew EPS 225. 0% year-over-year, compared to 0. 4% for Cisco Systems, Inc.. Over a 3-year CAGR, CSCO leads at 3. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Cisco Systems, Inc.

(CSCO) is the more profitable company, earning 18. 0% net margin versus 3. 2% for Viavi Solutions Inc. — meaning it keeps 18. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CSCO leads at 20. 8% versus 6. 5% for VIAV. At the gross margin level — before operating expenses — CSCO leads at 64. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Cisco Systems, Inc.

(CSCO) trades at 22. 1x forward P/E versus 57. 3x for Viavi Solutions Inc. — 35. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CSCO: 5. 3% to $96. 50.

In this comparison, CSCO (1.

8% yield) pays a dividend. VIAV does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Cisco Systems, Inc.

(CSCO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 92), 1. 8% yield, +299. 4% 10Y return). Viavi Solutions Inc. (VIAV) carries a higher beta of 1. 54 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CSCO: +299. 4%, VIAV: +734. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

CSCO pays a dividend while VIAV does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.