Viavi Solutions (VIAV) Gained from the Acquisition and Improved Demand

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Soumya Eswaran

Fri, June 12, 2026 astatine 10:22 AM CDT 3 min read

Madison Small Cap Fund, managed by Madison Funds, released its Q1 2026 capitalist letter. A transcript of the missive is disposable to download here. The Madison Small Cap Fund (class I) accrued by 0.10% successful the archetypal quarter, trailing down the Russell 2000 Index (up 0.89%) and the Russell 2500 Index (up 2.04%). Despite somewhat underperforming the benchmark successful the quarter, halfway positions and IT investments showed coagulated performance. From a benignant perspective, worth stocks outperformed growth, with the Russell 2000 Value Index rising ~4.5% and the Russell 2000 Growth Index falling astir 3%. The outperformance of the worth is driven by weakness successful speculative names aligning with the Fund's benignant and penchant for quality, profitable franchises. The Fund believes the marketplace volatility, influenced by AI concerns and geopolitical tensions, presents a imaginable accidental for diligent investors. Please reappraisal the Fund's apical 5 holdings to summation insights into their cardinal selections for 2026.

In its first-quarter 2026 capitalist letter, Madison Small Cap Fund Strategy highlighted Viavi Solutions Inc. (NASDAQ:VIAV). Viavi Solutions Inc. (NASDAQ:VIAV) is simply a starring planetary exertion institution that delivers web test, monitoring, and assurance solutions. On June 11, 2026, Viavi Solutions Inc. (NASDAQ:VIAV) closed astatine $50.24 per share. One-month instrumentality of Viavi Solutions Inc. (NASDAQ:VIAV) was 5.21%, and its shares gained 489.43% implicit the past 52 weeks. Viavi Solutions Inc. (NASDAQ:VIAV) has a marketplace capitalization of $12.39 billion.

Madison Small Cap Fund stated the pursuing regarding Viavi Solutions Inc. (NASDAQ:VIAV) successful its Q1 2026 capitalist letter:

"From an attribution perspective, our Technology investments were the strongest outperformers successful the quarter, driven by coagulated show successful our semiconductor names, contempt mediocre show from our bundle investments, mostly owed to AI disruption speculation. Viavi Solutions Inc. (NASDAQ:VIAV) was our strongest stock, driven by the caller acquisition of Spirent and accelerating request from semiconductor and representation companies. We presumption Viavi arsenic a cardinal subordinate successful the AI information halfway ecosystem, particularly since NVIDIA specifically calls for Viavi Test cogwheel successful its AI notation architecture. We deliberation the company's semipermanent accidental is expanding."

Why Viavi Solutions Inc. (VIAV) Went Down On Friday?

Viavi Solutions Inc. (NASDAQ:VIAV) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 44 hedge money portfolios held Viavi Solutions Inc. (NASDAQ:VIAV) astatine the extremity of the archetypal quarter, up from 42 successful the erstwhile quarter. While we admit the imaginable of Viavi Solutions Inc. (NASDAQ:VIAV) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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