On July 21, Viavi Solutions rose 5.25% in pre-market trading, trading at $41.016/share, with turnover of $190,000.

On the news front, the prolonged AI hardware sector sell-off has notably eased, triggering a broad rebound across communication equipment stocks. Sector peers Lumentum gained 5.66%, Nokia rose 3.77%, and Arista Networks climbed 2.63%, reflecting sustained sector-wide recovery momentum.

Investment bank Stifel previously identified Viavi as a name where earnings revision magnitude could outpace valuation multiple compression. The company has also accumulated multiple positive catalysts in recent weeks, including a $1.1 million EU funding award for its Shield-6G cybersecurity project developing an AI-driven threat intelligence platform for 6G networks, Gold Suite acceptance from PCI-SIG for its Xgig PCIe 6.0 compliance testing platform, and the launch of its Ultra Ethernet Transport validation solution targeting hyperscalers and cloud providers deploying next-generation AI network fabrics. These layered catalysts continue to support valuation recovery.

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