We recently published Millionaire Makers: 10 Stocks That Paid Big Last Week Viavi Solutions Inc. (NASDAQ:VIAV) was one of the top performers last week.

Viavi Solutions soared 30.17 percent on the week despite Friday’s session ending on a weak note as investors cheered a corporate restructuring initiative expected to result in annual cost savings of $30 million.

On Friday alone, the shares rose as high as $24.99, their highest in more than two decades, before giving up all gains to end the day down 0.97 percent at $24.46 each.

Photo by Karolina Grabowska from Pexels

Investors appeared to have welcomed news of its restructuring to improve operational efficiency, but this would mean laying off 15 percent of its total workforce. It would also streamline facilities and write off assets.

Viavi Solutions Inc. (NASDAQ:VIAV) said it would incur $32 million in charges related to employee severance payments.

The restructuring initiative is expected to be completed by June 2026.

In other news, Viavi Solutions Inc. (NASDAQ:VIAV) swung to a net loss of $48.1 million in the second quarter ended December 2025, reversing net income of $9.1 million in the same period a year earlier. The figures came despite a 36 percent rise in net income over the same period, to $369.3 million from $270.8 million year-over-year.

For the six-month period, net loss was $69.5 million, reversing net income of $7.3 million in the same comparable half. Revenue rose 31 percent to $668.4 million from $509 million.

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Disclosure: no. This article is originally published in Monkey Insider.