Top 10 AI Trending News on Wall Street

6. Viavi Solutions Inc. (NASDAQ:VIAV)

Number of Hedge Fund Holders: 28

Viavi Solutions Inc. (NASDAQ:VIAV) is a communication equipment company that provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, and network equipment manufacturers. On March 3, the company confirmed signing an agreement to acquire Spirent Communication’s high-speed ethernet and network security business lines for a base cash of $410 million and an additional $15 million contingent cash consideration.

The acquisition is poised to expand and strengthen Viavi’s solutions in ethernet testing and network security. It should also provide a synergistic product portfolio across various verticals, including AI and digital infrastructure. Viavi Solutions Inc. (NASDAQ:VIAV) is in a strong position to take advantage of opportunities in the growing markets of artificial intelligence, digital infrastructure, and network security by incorporating Spirent’s experience and product line. The acquisition should also improve the company’s capacity to cater to various market niches, such as government, NEMs, businesses, and service providers.