Viavi Solutions (VIAV) Soars to Fresh Record on Higher PT, ‘Buy’ Reco

We recently published 10 Stocks with Outstanding Gains; 9 on Record Highs. Viavi Solutions Inc. (NASDAQ:VIAV) is one of the best-performing stocks on Thursday.

Viavi Solutions rallied to a fresh record high on Thursday, as investors took heart from an investment firm’s higher price target for the company.

During the session, Viavi Solutions Inc. (NASDAQ:VIAV) soared to a new 52-week high of $17.43 before trimming gains to end the day just up by 22.32 percent at $17.10 apiece.

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

This followed results of Viavi Solutions Inc.’s (NASDAQ:VIAV) earnings performance in the first quarter of fiscal year 2026, with revenues jumping by 25 percent to $299.1 million from $238.2 million in the same period last year.

Viavi Solutions (VIAV) Soars to Fresh Record on Higher PT, 'Buy' Reco

However, the company expanded its net loss 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.

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