On September 17, Viavi Solutions rose 5.06% in pre-market trading, trading at $35.85/share, with turnover of $129,600. The rebound follows a steep 12.72% decline on September 15, when shares closed at $33.82.

The recovery is closely tied to a broad rebound across the Communication Equipment sector. Among peer stocks, Nokia Oyj rose 5.42%, Ciena gained 3.96%, Arista Networks climbed 3.18%, Lumentum added 2.89%, and Cisco edged up 1.41%, reflecting a notable sector-wide relief rally after the prior session's collective selloff.

Fundamentally, Viavi Solutions reported strong fiscal Q4 results in early August, with adjusted EPS of $0.34 beating the consensus estimate of $0.30 by a wide margin. Revenue came in at $443.1 million, up 52.5% year-over-year and above the $432.6 million analyst expectation. The company also issued upbeat Q1 guidance, projecting adjusted EPS of $0.40 to $0.42 on revenue of $450 million to $460 million, both significantly above Street estimates of $0.28 EPS and $432.2 million in revenue. These figures continue to underpin buying interest on the pullback.

(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.)