VIAV Stock Jumps 17% On Q3 Beat – One Analyst Is ‘Even More Bullish Than Management’

• Earnings also topped expectations, with non-GAAP earnings per share coming in at $0.27 versus Street estimates of $0.23
• Rosenblatt raised the price target to $70 from $42 and kept a ‘Buy’ rating, according to The Fly.
• B. Riley said the company has a “superior investment profile” compared to other transceiver manufacturers.

Shares of Viavi Solutions Inc. (VIAV) soared 17% on Thursday, as a blowout third-quarter earnings beat sparked a wave of bullish analyst calls and fueled strong investor optimism.

Viavi’s third quarter (Q3) revenue surged 43% to $406.8 million, easily beating Street estimates of $393.8 million, according to Fiscal.ai data. Earnings also topped expectations, with non-GAAP earnings per share (EPS) coming in at $0.27, versus the consensus forecast of $0.23.

The company guided for continued growth in the fourth quarter (Q4), expecting revenue between $427 million and $437 million and EPS in the range of $0.29 to $0.31, above Wall Street expectations of $415.8 million and $0.25.

Rosenblatt Sees 35% Upside

Rosenblatt raised its price target to $70 from $42 and kept a ‘Buy’ rating, according to The Fly. This implies a 35% upside from current levels. Analyst Mike Genovese described the earnings as “a clean 3Q26 beat-and-raise.”

Rosenblatt added that they are “even more bullish than management sounds because we expect the AI-driven expansion to last for multiple years.”

Meanwhile, B. Riley Financial raised its price target to $63 from $53 and kept a ‘Buy’ rating. The firm said demand in the optical space is surging as hyperscalers rapidly build AI infrastructure, which benefits Viavi.

The brokerage also added that the company has a “superior investment profile” compared to other transceiver manufacturers.

How Did Retail Traders React?

Retail sentiment for VIAV on Stocktwits changed to ‘extremely bullish’ from ‘bullish’ a day earlier, while message volumes were ‘extremely high.’

One user said the “sky is the limit” for the company.

The stock has surged around 190% so far in 2026.

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