Viavi Solutions Inc. (NASDAQ: VIAV) witnessed a significant surge in its shares on Wednesday evening, with a 25.17% increase to $56.99 post-market. This rise came following the release of its fiscal third quarter results, where the company surpassed analyst expectations with earnings beating estimates by 22.73% and revenue by 3.32%. The reported results are for the period ending March 28. During this quarter, Viavi's net revenue reached $406.8 million, marking a notable 42.8% year-over-year increase. Non-GAAP earnings per share stood at $0.27, up by 80% YoY, with the non-GAAP operating margin also expanding by 430 basis points to 21.0%. Particularly, the network and service enablement segment experienced robust growth, surging by 54.4% YoY to $321.5 million. As of March 28, the company held $508 million in cash and short-term investments. CEO Oleg Khaykin expressed satisfaction with the performance, citing strong growth in data center and aerospace and defense end markets. The company provided optimistic guidance for Q4.