Viavi Solutions (VIAV) Hits 24-Year High on ‘Buy’ Reco

Viavi Solutions Inc. (NASDAQ:VIAV) is one of the 10 Stocks Grabbing Investor Attention Today.

Viavi Solutions soared to a new 24-year high on Tuesday, as investors took path from Stifel’s “buy” recommendation for its stock.

At intra-day trading, Viavi Solutions Inc. (NASDAQ:VIAV) climbed to its highest price of $36.03 before paring gains to finish the session just up by 6.93 percent at $35.94 apiece.

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Single ‘go-to’ tools for fiber, Ethernet, WiFi 7 and DOCSIS testing to enable fast, reliable multi-gig activation and validation. Photo by Viavi Solutions

In a market note, Stifel told investors to “buy” shares of the company, while maintaining a price target of $35 after the listed firm showcased its AI solutions portfolio at a conference in California last week.

Among others, Viavi Solutions Inc. (NASDAQ:VIAV) displayed a range of products and solutions including 1.6T Ethernet testing, silicon photonics manufacturing, fiber inspection, hollow core fiber certification, PCIe testing, and distributed fiber sensing.

It also introduced its INX 700 probe microscope which features an extended battery and hyperscale optimization for automated inspection of single and multifiber connectors, as well as the DCX-700 optical loss test set which enables 24-fiber simultaneous measurement.

Viavi Solutions Inc. (NASDAQ:VIAV) is likewise participating in the ongoing RSA Conference in San Francisco, California from March 23 to 26, where it has showcased its Observer Threat Forensics designed to increase visibility across operational teams through helping organizations identify potential vulnerabilities including post-detection analyses of a breach, the intrusion point and the exposed data.

While we acknowledge the risk and potential of VIAV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VIAV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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