On June 15, Viavi Solutions rose 5.27% in regular trading, trading at $53.36/share, with turnover of $105 million.

On the news front, the company announced the upgrade of its CX300 communications service monitor by launching the TETRA MS radio base station simulator option, enabling full testing of TETRA MS radios including transmitter parametric measurements, call processing, and BER/MER loopback without placing radios in T1 test mode. The upgrade is available via a software-keyed option requiring no additional hardware.

Additionally, the stock continues to rebound after the market digested dilution concerns from the previously announced approximately $500 million common stock public offering, with net proceeds primarily designated to repay $450 million in Term Loan B debt. The stock had dropped 5.52% to $45.56 on June 9 on the dilution news and has since recovered significantly. Communication equipment sector strength provided further support, with Applied Optoelectronics up 10.91% and Ciena up 1.28%.

(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.)