Viavi Solutions Price Targets Raised to $26 and $28 After Q4 Beat
B. Riley boosted Viavi Solutions’ price target from $22 to $26 while Needham lifted its target from $24 to $28 after a Q4 earnings beat. The acquisition of Spirent’s H-S Testing unit expands the high-speed Ethernet validation market and management’s $30 million cost cuts support 20% data center growth.
1. Analyst Price Target Increases
Following a quarterly earnings beat, B. Riley raised its Viavi Solutions price target from $22 to $26 and Needham lifted its target from $24 to $28, both maintaining Buy ratings based on stronger-than-expected performance and positive management guidance.
2. Spirent H-S Testing Acquisition
Viavi Solutions completed its acquisition of Spirent’s H-S Testing business, positioning the company as a leading provider in high-speed Ethernet validation and expanding its total addressable market in complex, low-latency network architectures.
3. Cost-Cutting and Growth Projections
Management has outlined cost-saving initiatives expected to generate $30 million in annual savings, while forecasting data center segment growth of 20% and 3%–5% growth in other business lines, underpinning revenue expansion.