Why Viavi Solutions (VIAV) Skyrocketed on Friday?

We recently published a list of 10 Firms Buck Market Slump on Impressive Earnings, New Deals. In this article, we are going to take a look at where Viavi Solutions Inc. (NASDAQ:VIAV)  stands against other firms buck market slump on impressive earnings, new deals.

The stock market ended the trading week in the red territory following President Donald Trump’s announcement that he would begin slapping tariffs against major US trading partners.

The Dow Jones shed 0.75 percent, the S&P 500 lost 0.50 percent, while the Nasdaq Composite dropped by 0.28 percent.

Ten companies bucked a wider market decline amid a flurry of positive catalysts that sparked buying appetite. In this article, we will take a look at which companies posted notable gains and explore the reasons behind their performance.

To come up with Friday’s gainers, we only considered those with $2 billion in market capitalization and $5 million in daily trading volume.

A closeup of a telecom tower with power lines connecting to it, representing the strength and reliability of network services.

Viavi Solutions Inc. (NASDAQ:VIAV)

Viavi Solutions Inc. (NASDAQ:VIAV) jumped by 20 percent on Friday to end at $12.04 apiece after posting better-than-expected earnings performance in the second quarter of fiscal year 2025.

In a statement, Viavi Solutions (NASDAQ:VIAV) said revenues grew by 6 percent to $270.8 million from the $254.5 million registered in the same period last year. The official figures beat analysts’ expectations of $260 million.

Net income for the period, however, came in lower at $9.1 million versus the $10.7 million year-on-year. Analysts were expecting $13.2 million or earnings per share of $0.60.

For the third quarter, Viavi (NASDAQ:VIAV) is looking for revenue of $276 million to $288 million, and adjusted earnings of 10 cents to 13 cents a share. Analysts are looking for revenue of $282 million, and adjusted earnings of 12 cents a share.

Overall, VIAV ranks 2nd on our list of firms buck market slump on impressive earnings, new deals. While we acknowledge the potential of VIAV as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VIAV but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.