Viavi Solutions Inc.

Viavi Solutions Inc. has transformed from telecom-focused to a diversified growth story, with AI data centers and aerospace/defense now driving two-thirds of NSE revenue. Fiscal 2026 revenue surged 40% to $1.52B, and non-GAAP operating margin expanded to 20.6%; Q4 revenue grew 52.5% YoY, signaling operational momentum. Acquisitions of Spirent and Inertial Labs fueled growth and diversification, while a $575M equity raise improved the balance sheet but diluted shareholders.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Viavi Solutions Inc. (NASDAQ: VIAV) during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 14,800 shares of the communications equipment provider's stock, valued at approximately $707,000. A number of other

Paul McNab sold 11,032 shares at $38.97 per share for a total value of ~$429,917 on Sept. 11, 2026. The transaction size was equal to 30% of the equity position held directly before the filing.

Viavi Solutions delivered robust revenue and profit growth, driven by AI data centers, optical testing, and aerospace & defense demand. Despite a higher valuation, I rate VIAV a Buy at $37, anticipating further upside as margins expand and growth accelerates in key segments. Data center operations, especially 1.6T and CPO technologies, are the main growth engines, complemented by resilient aerospace & defense revenue streams.