On July 29, Viavi Solutions fell 5.44% in regular trading, trading at $33.135/share, with turnover of $44.62 million. The stock has now declined for multiple consecutive sessions, recording over 5% drops on July 25, 27, and 28.

On the news front, the optical communication sector extended its multi-day selloff with broad-based selling pressure across the industry. Within the Communication Equipment sector, Applied Optoelectronics fell 7.14%, Lumentum dropped 5.2%, Nokia declined 3.81%, and Ciena lost 2.97%. The sector-wide weakness has been amplified by concerns over AI hardware demand sustainability and capital expenditure adjustments by cloud service providers.

Market attention is also focused on Viavi Solutions' upcoming earnings release scheduled for August 5. Consensus estimates project revenue of approximately $433 million, representing 51.69% year-over-year growth, and adjusted EPS of $0.30. However, institutional sentiment ahead of the report leans cautious, adding to near-term selling pressure on the stock.

(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.)