We recently published Millionaire Makers: 10 Stocks That Paid Off Big Last Week. Viavi Solutions Inc. (NASDAQ:VIAV) was one of the top performers last week.
Viavi Solutions soared by 30.17 percent week-on-week despite ending Friday’s session on a weak note, as investors took heart from a corporate restructuring initiative that it expects would result in $30 million cost savings annually.
On Friday alone, the stock jumped to as much as $24.99, its highest in more than two decades, before giving up all gains to end the day down by 0.97 percent at $24.46 apiece.
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Investors appeared to have welcomed its restructuring news to improve operational efficiencies, but this would result in the layoff of some 15 percent of its total workforce. It would also rationalize facilities and write off assets.
Viavi Solutions Inc. (NASDAQ:VIAV) said that it would incur $32 million in charges in connection with the employees’ severance payments.
The restructuring initiative is targeted for completion in June 2026.
In other news, Viavi Solutions Inc. (NASDAQ:VIAV) swung to a net loss of $48.1 million in the second quarter ending December 2025, reversing a $9.1 million net income in the same period a year earlier. The figures came despite a 36 percent jump in net revenues for the same period, at $369.3 million versus $270.8 million year-on-year.
For the six-month period, net loss stood at $69.5 million, reversing a net income of $7.3 million in the same comparable semester. Revenues jumped by 31 percent to $668.4 million from $509 million.
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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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