On July 20, Viavi Solutions rose 5.23% in regular trading, trading at $40.02/share, with turnover of $22.82 million. The rally came as the four-day AI hardware sector selloff showed clear signs of easing, triggering a broad rebound across communication equipment stocks.

Sector-wide recovery was evident, with Lumentum up 8.05%, Ciena up 4.44%, and Applied Optoelectronics up 2.88%. Investment bank Stifel had previously identified Viavi as a name where earnings revision potential could outpace valuation multiple compression during the pullback. The stock had declined over 5% on July 17 amid systematic sector selling pressure.

Supporting the valuation recovery, the company recently secured $1.1 million in EU funding from the European Smart Networks and Services Joint Undertaking to develop an AI-driven cyber threat intelligence platform for 6G networks. Additionally, its Xgig PCIe 6.0 testing platform received Gold Suite acceptance from PCI-SIG for global compliance testing, reinforcing its positioning in next-generation connectivity infrastructure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)