Analyst Turns Bullish On Viavi, Sees Sustainable Growth In Telco & Optical Markets
1. Rosenblatt analyst upgraded VIAV from Neutral to Buy, targeting $14. 2. NE instruments business sales rose 15% YoY and 26% sequentially. 3. Company raised revenue guidance, exceeding seasonal trends. 4. Strong demand in Aerospace and Military sectors fuels NE growth. 5. Increased Telco and Cable spending on Fiber Access and 5G boosts sales.