BUZZ-Viavi Solutions gains after forecasting Q3 profit, revenue above estimates

Reuters01-29
BUZZ-Viavi Solutions gains after forecasting Q3 profit, revenue above estimates

** Shares of optical tech company Viavi Solutions VIAV.O rise 8.8% to $22.89 premarket

** Co expects Q3 adj. EPS between 22 cents and 24 cents, above analysts' average estimate of 17 cents, according to data compiled by LSEG

** Forecasts Q3 revenue between $386 million and $400 million, above analysts' average estimate of $364.3 million

** Growth driven by strong demand in data-center ecosystem and aerospace and defense applications: CEO Oleg Khaykin

** Co posts Q2 revenue of $369.3 million and adj. EPS of 22 cents, both beating average analyst consensus

** Announces a restructuring plan that is expected to incur charges of $32 million

** Seven of eight brokerages rate the stock "buy" or higher and one "hold"; median PT is $21

** As of last close, stock up 18% YTD; VIAV surged 76.5% in 2025

(Reporting by Avinash P in Bengaluru)

((Avinash.P@thomsonreuters.com;))

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