Viavi Solutions: Agentic AI Still Needs Glasses (Rating Upgrade)

What happened: An analyst upgraded Viavi Solutions ($VIAV) to Strong Buy, citing its shift from telecom hardware into AI semiconductor testing and defense navigation systems. Key numbers: Q1-FY2027 revenue growth 56.9%, non-GAAP operating margin 29%, $500M buyback, ~15.25x FY2027 P/E. Why it matters: The analyst says acquisitions and R&D make VIAV a single seller in AI OSAT/OCS and autonomous defense, and that its P/E sits below historical averages, signaling valuation upside.

An analyst upgraded Viavi Solutions ($VIAV) to Strong Buy, citing its shift from telecom hardware into AI semiconductor testing and defense navigation systems.

The analyst says acquisitions and R&D make VIAV a single seller in AI OSAT/OCS and autonomous defense, and that its P/E sits below historical averages, signaling valuation upside.