Movement Alert｜Viavi Solutions Rises 5.21% in Pre-Market Trading, PCIe 6.0 Platform Gains PCI-SIG Gold Suite Certification

Market Focus06-18

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.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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