Viavi Solutions Benefits from a Strong AI and Defense Business — the Stock Breaks out to a new Annual High!
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Viavi Solutions is a specialist in network testing and security technologies and is currently benefiting from dynamic developments in the data center sector, as well as an increasing demand from the defense and aerospace industries. On October 29, the company impressed with strong Q1 figures. Both the revenue of $299 million and the EPS of $0.15 were above consensus estimates. For the second quarter, management expects revenue of $360-370 million, representing a growth of over 20%. B. Riley upgraded the stock to Buy following the results, with...
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