On June 18, Viavi Solutions rose 5.21% in pre-market trading, trading at $51.25 per share, with turnover of $1.49 million.

On the news front, Viavi Solutions announced that its Xgig platform for PCI Express 6.0 specification testing has received Gold Suite acceptance from PCI-SIG, enabling it to be used for PCIe 6.0 link and compliance testing globally. The certification confirms that the platform fully meets industry standards for link-layer and transaction-protocol conformance testing, providing a critical tool for high-speed interconnect technology validation and accelerating interoperability across PCIe computing technology systems.

The pre-market gain also extends the ongoing recovery following the company's approximately $500 million common stock public offering announced earlier this month, with net proceeds earmarked to repay $450 million in Term Loan B debt. Shares had fallen to $45.56 on June 9 on dilution concerns before staging a multi-session rebound. The broader communication equipment sector is also trading higher, with Applied Optoelectronics up 4.88%, Lumentum up 3.05%, Ciena up 3.0%, Cisco up 1.67%, and Nokia up 1.3%, providing additional tailwinds.

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