Viavi Solutions (VIAV) Cimbs 28.7% on Upbeat Outlook

We recently published 10 Stocks With Easy 20-40% Gains. Viavi Solutions Inc. (NASDAQ:VIAV) is one of the last week's best-performing stocks.

Viavi Solutions soared by 28.7 percent week-on-week, with investor sentiment bolstered by its bullish outlook for its businesses.

In an updated report earlier in the week, Viavi Solutions Inc. (NASDAQ:VIAV) said it expects strong demand to continue for its data center ecosystem as well as aerospace and defense technologies.

“Additionally, the acquisition of highly complementary Spirent product lines from Keysight is expected to further strengthen our position in the data center ecosystem and significantly increase our business footprint in this high-growth market segment,” said Viavi Solutions Inc. (NASDAQ:VIAV) President and CEO Oleg Khaykin.

In the first quarter of fiscal year 2026, the company saw revenues jump by 25 percent to $299.1 million from $238.2 million in the same period last year.

However, net loss expanded by 1,089 percent to $21.4 million from $1.8 million year-on-year.

For the second quarter of the fiscal period, Viavi Solutions Inc. (NASDAQ:VIAV) targets revenues to settle between $360 million and $370 million.

In a market note, investment firm Stifel raised its price target for the company to $18 from $15 previously, while maintaining a “buy” recommendation.

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Disclosure: None. This article is originally published at Insider Monkey.