Viavi Shares Rise 15.5% to $24.29
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2026
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Should l Buy VIAV?
Viavi is up 15.5%, or $3.26 to $24.29.
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Analyst Views on VIAV
Wall Street analysts forecast VIAV stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for VIAV is 19.56 USD with a low forecast of 17.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 25.320
Low
17.00
Averages
19.56
High
23.00
Current: 25.320
Low
17.00
Averages
19.56
High
23.00
About VIAV
Viavi Solutions Inc. is a global provider of network test, monitoring and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace and railway. The Company's segments include Network and Service Enablement (NSE) and Optical Security and Performance Products (OSP). The NSE segment provides an integrated portfolio of testing solutions that access the network to perform build-out and maintenance tasks. Its solutions address lab and production environments, network management, service assurance and artificial intelligence for IT operations (AIOps) for any kind of network, including wireless, wireline, cloud, satellite, public safety, military and critical infrastructure. The OSP segment leverages its core optical coating technologies and volume manufacturing capability to design, manufacture and sell technologies for the anti-counterfeiting, three-dimensional (3D) sensing, government and aerospace, automotive and industrial markets.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Transaction Overview: Viavi Solutions CEO Oleg Khaykin sold 70,566 directly-held shares on February 6, 2026, for approximately $1.9 million, retaining 1,708,871 shares post-transaction, indicating confidence in the company's future.
- Ownership Analysis: After the sale, Khaykin's direct stake is valued at about $45.1 million, representing 76.6% of his holdings at the start of the analyzed period, suggesting a positive outlook despite the company's current losses.
- Market Performance: At the time of the sale, Viavi Solutions shares closed at $26.38, reflecting a 106.1% increase over the past year, showcasing strong growth in the network testing and monitoring sector, although profitability remains a challenge.
- Investor Confidence: Khaykin's stock sale does not raise market concerns; instead, it reflects a rational decision at a high stock price, even as the company reported a net loss of $48.1 million in Q2, which is over 600% better than the previous year.
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- Record High Stock Price: Viavi Solutions' stock surged to $24.95 during intra-day trading on Thursday, closing at $24.70 with a 17.45% increase, marking the highest level since 2002, reflecting strong investor confidence in the company's restructuring initiative.
- Restructuring Implementation: The company announced a 5% global workforce reduction and aims to complete the restructuring by June 2026, expecting to save $30 million despite incurring $32 million in related expenses, which is intended to enhance operational efficiency and optimize resource allocation.
- Financial Performance Fluctuations: Despite a 36% year-over-year revenue increase to $369.3 million in the second quarter, the company reported a net loss of $48.1 million, highlighting financial pressures prior to restructuring and indicating both challenges and opportunities during the transformation process.
- Six-Month Performance Review: For the six-month period ending December 2025, Viavi Solutions recorded a net loss of $69.5 million, a stark contrast to a net income of $7.3 million in the same period last year, even as revenues grew by 31% to $668.4 million, illustrating the tension between growth and profitability.
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- Significant Revenue Growth: Viavi Solutions reported a 36% year-over-year revenue increase in Q2, exceeding $369 million, which surpassed analyst expectations of $365 million, highlighting strong performance in data centers and defense/aerospace markets.
- Substantial Net Income Increase: Non-GAAP net income surged 75% to $51.5 million, or $0.22 per share, significantly above the market expectation of $0.19, indicating a marked improvement in the company's profitability.
- Optimistic Guidance: The company forecasts Q3 revenue between $386 million and $400 million, with adjusted net income expected at $0.22 to $0.24 per share, both well above last year's figures of $271 million and $0.13, showcasing ongoing growth potential.
- Positive Market Reaction: Following the earnings report, Viavi Solutions' stock surged over 17% during the trading session, reflecting strong investor confidence in the company's growth prospects, particularly in a market environment driven by AI demand.
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- Significant Growth: Viavi Solutions reported a 36% year-over-year revenue increase in Q2 FY2026, exceeding $369 million, with net income soaring 75% to $51.5 million, indicating strong market performance.
- Beating Expectations: The company's revenue and non-GAAP earnings per share surpassed analyst forecasts, with actual revenue exceeding the expected $365 million, showcasing Viavi's competitive edge in the market.
- Strong Market Demand: Viavi's performance in the data center and defense/aerospace sectors is particularly robust, especially against the backdrop of surging demand for artificial intelligence functionalities, further solidifying its market position.
- Optimistic Outlook: The company provided guidance for Q3, expecting revenue between $386 million and $400 million, with adjusted earnings per share projected at $0.22 to $0.24, both significantly higher than last year's actuals, indicating ongoing growth potential.
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- Earnings Beat: Viavi Solutions reported fiscal Q2 results that exceeded expectations, with revenue and EPS beating consensus estimates by 1% and $0.03 respectively, leading to a premarket stock increase of about 7%.
- Positive Outlook: The company guided Q3 revenue well above consensus by 11% and $0.08, with data center business expected to sustain approximately 20% growth, enhancing its competitive position in the market.
- Restructuring Plan: On January 23, Viavi approved a restructuring plan affecting about 5% of its global workforce, which is expected to incur total charges of around $32 million, primarily related to employee severance and associated costs.
- Cost Savings Anticipation: Upon completion of the restructuring, Viavi expects to achieve annualized cost savings of approximately $30 million, which will contribute to improving the company's profitability and long-term financial health.
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