Viavi Solutions

Viavi Solutions plunged 8.9% in regular trading, opening at $46.13 and hitting an intraday low of $44.66, after a pre-market report suggesting downgrade or demand risks triggered panic selling. Despite Q3 revenues of $406.8 million, up 42.8% YoY, net profit fell 67.2% to just $6.4 million, underscoring persistent margin pressure. The stock now trades 26.1% below its 52-week high of $60.43 and has broken below the 20-day moving average of $49.19, signaling weak technical momentum. However, recent product launches like PCIe 6.0 compliance and Ultra Ethernet validation suggest continued innovation in key growth areas.