On July 14, Viavi Solutions rose 5.05% in pre-market trading, trading at $42.51/share, with turnover of $333,600. The rebound follows the company's announcement that it has been awarded $1.1 million in funding from the European Smart Networks and Services Joint Undertaking and Horizon Europe to support the Shield-6G project.

The Shield-6G project aims to develop an artificial intelligence-driven cyber threat intelligence platform for 6G networks. Viavi will leverage its TeraVM AI RAN Scenario Generator to build digital twins for testing and validating AI-based security models ahead of commercial 6G deployment. The funding underscores the company's expanding role in next-generation network security infrastructure.

The pre-market gain follows a 5.41% decline in the prior session, when a broader AI hardware sector selloff weighed on communication equipment stocks. Investment bank Stifel had noted that market expectations had run ahead of fundamentals, triggering valuation resets across the sector, while identifying Viavi as a name whose earnings revision potential could outpace multiple compression. The current rebound appears driven by a combination of the 6G project catalyst and broader sector sentiment recovery, with peers Lumentum up 4.23% and Nokia up 1.2%.

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