Viavi Solutions Inc. (NASDAQ:VIAV) was one of the top performers last week, soaring 30.17 percent despite ending Friday down 0.97 percent at $24.46 apiece. The corporate restructuring initiative expects $30 million annual cost savings but also includes layoffs, facility rationalization, and asset write-offs. The restructuring is set for completion in June 2026.

The restructuring news led Viavi Solutions Inc. to incur $32 million in charges for severance payments. Despite a net loss of $48.1 million in Q2 ending December 2025, the company saw a 36 percent revenue increase to $369.3 million year-on-year. For the six-month period, net loss was $69.5 million, with revenues jumping 31 percent to $668.4 million from $509 million.

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Read more at Yahoo Finance: Viavi Solutions (VIAV) Skyrockets 30% on Restructuring Plans