On June 22, Viavi Solutions rose 5.09% in regular trading, trading at $49.28/share, with turnover of $56.64 million. The move was driven by the continued positive momentum from the company's Xgig PCIe 6.0 test platform receiving PCI-SIG Gold Suite certification, combined with the ongoing digestion of dilution concerns from a prior equity offering.

Specifically, Viavi announced that its Xgig PCIe 6.0 test platform has been officially approved for global PCIe 6.0 link and protocol compliance testing, a milestone expected to accelerate interoperability across the PCIe computing ecosystem. Separately, the company had previously disclosed an approximately $500 million common stock public offering intended to repay $450 million in Term Loan B debt. Shares had plunged to $45.56 on June 9 on dilution fears but have since staged a sustained recovery as the market absorbed the offering's balance-sheet improvement rationale.

Within the Communication Equipment sector, Nokia Oyj rose 5.6%, Ciena gained 2.64%, Cisco added 1.45%, Applied Optoelectronics edged up 0.58%, while Lumentum slipped 0.97%.

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