Viavi Solutions (VIAV) Soars to Fresh Record on Higher PT, ‘Buy’ Reco
Core Insights - Viavi Solutions Inc. (NASDAQ:VIAV) reached a new 52-week high of $17.43, closing at $17.10, reflecting a 22.32% increase in a single trading session [1][3] - Investment firm Stifel raised its price target for Viavi Solutions from $15 to $18 while maintaining a "buy" recommendation [2][3] - The company's first quarter fiscal year 2026 revenues increased by 25% to $299.1 million compared to $238.2 million in the same period last year [2][3] - Despite revenue growth, Viavi Solutions reported a significant increase in net loss, expanding by 1,089% to $21.4 million from $1.8 million year-on-year [3] - For the second quarter of the fiscal period, Viavi Solutions targets revenues between $360 million and $370 million [3]