On September 11, Viavi Solutions rose 5.16% in regular trading, trading at $39.24/share, with turnover of $27.93 million. The stock advanced alongside a broad rally in U.S.-listed optical communication names, with Coherent, Amphenol, and Lumen Technologies all gaining over 3%, reflecting significant sector linkage.

The rally builds on sustained momentum in the optical communications space. Goldman Sachs recently projected global optical module market size to reach approximately $67.7 billion, $131.4 billion, and $148.5 billion from the current year through the following two years, representing upward revisions of 33%, 81%, and 115% respectively from prior estimates. Meanwhile, Corning announced a multi-year, multi-billion-dollar fiber supply agreement with Verizon, further reinforcing demand visibility for the sector.

On the fundamental side, Viavi reported fiscal Q4 adjusted EPS of $0.34, beating the consensus estimate of $0.30, while revenue of $443.1 million grew 52.5% year-over-year and exceeded the $432.6 million estimate. The company also guided fiscal Q1 EPS of $0.40 to $0.42 on revenue of $450 million to $460 million, well above analyst expectations of $0.28 EPS on $432.2 million revenue. B. Riley maintains a Buy rating with a $60 price target.

(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.)