On September 17, Viavi Solutions rose 5.12% in regular trading, trading at $35.81/share, with turnover of $13.55 million. The stock had previously dropped 12.72% on September 15 to $33.82, and the current rebound is closely tied to a broad recovery across the communication equipment sector.

Within the sector, Nokia rose 6.46%, Ciena gained 7.77%, Arista Networks climbed 2.86%, Applied Optoelectronics advanced 3.60%, and Lumentum edged down 0.09%, reflecting significant sector-wide recovery momentum.

On the fundamental side, the company previously reported fiscal Q4 adjusted earnings of $0.34 per share, beating the consensus estimate of $0.30. Revenue came in at $443.1 million, up 52.5% year-over-year, also exceeding the $432.6 million estimate. Furthermore, the company guided fiscal Q1 adjusted EPS of $0.40 to $0.42 on revenue of $450 million to $460 million, both well above analyst expectations of $0.28 EPS and $432.2 million in revenue. Analysts maintain an average buy rating with a mean price target of $61.43.

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