On July 28, Viavi Solutions fell 6.11% in regular trading, trading at $34.535/share, with turnover of $31.93 million. The decline came as U.S.-listed optical communications stocks extended a multi-day selloff, with broad-based selling pressure hitting the sector.

The Communication Equipment sector saw widespread declines, with Applied Optoelectronics down 14.14%, Lumentum down 12.17%, Ciena down 10.77%, Nokia down 5.73%, and Cisco down 0.55%. Viavi Solutions had already declined more than 5% on both July 25 and July 27, reflecting persistent sector-wide weakness. The stock has fallen from approximately $39.69 on July 25 to current levels, representing a cumulative decline of over 13% in just a few trading sessions.

Viavi Solutions provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, and network equipment manufacturers globally. The company's next earnings report is expected on August 5, with consensus EPS estimate of $0.25.

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