Viavi Solutions Inc. (VIAV) stock surged as much as 25.77% in pre-market trading on Friday, following the company's impressive fiscal second-quarter 2025 results and an optimistic outlook for the third quarter.
For Q2, Viavi reported revenue of $270.8 million, beating estimates of $259.99 million, and adjusted EPS of $0.13, surpassing the $0.10 consensus. Revenue growth was driven by a 15.1% year-over-year increase in its Network Enablement segment to $199.9 million, fueled by strong demand for 5G and fiber optic network deployment. The company provided an upbeat Q3 outlook, projecting revenue between $276-288 million and EPS of $0.10-0.13, exceeding expectations.
Following the robust results, several analysts raised their ratings and price targets on Viavi. Needham upgraded the stock to Buy with a $15 target, citing evidence of a recovery in North America service providers. Stifel Nicolaus and Northland Capital Markets also reiterated Buy ratings while raising their price targets.
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