On July 30, Viavi Solutions rose 5.27% in regular trading, trading at $35.01/share, with turnover of $21.97 million.

The rally was driven by a broad-based rebound across the optical communications sector following a prolonged period of heavy selling pressure. Viavi Solutions had recorded consecutive declines exceeding 5% from July 25 through July 29, with cumulative drawdown reaching significant levels. The current move represents a collective recovery among oversold names in the sector.

Within the Communication Equipment sector, peers posted notable gains: Applied Optoelectronics up 15.83%, Lumentum up 15.1%, Nokia up 10.04%, Arista Networks up 7.99%, and Cisco up 0.93%. The sector-wide bounce follows multiple sessions of concentrated selling that had weighed heavily on optical networking and communications equipment stocks.

Looking ahead, the company is scheduled to report fiscal Q4 earnings on August 5 after market close, with consensus estimates calling for revenue of approximately $433 million, representing 51.69% year-over-year growth, and adjusted EPS of $0.30.

(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.)