On August 18, Viavi Solutions fell 5.02% in pre-market trading, trading at $44.01/share, with turnover of approximately $427,600.

The decline comes amid broad selling pressure across the communication equipment sector. Among peers, Lumentum Holdings fell 6.14%, Applied Optoelectronics dropped 4.80%, Ciena declined 4.22%, Arista Networks slid 2.75%, and Cisco edged down 0.67%. The sector-wide weakness follows a period of strong gains for Viavi Solutions, which had risen 5.21% during the prior session as markets continued to digest the company's fiscal Q4 results released on August 5. Those results showed adjusted EPS of $0.34 versus the $0.30 consensus estimate, and revenue of $443.1 million beating expectations of $432.6 million, representing 52.5% year-over-year growth. The company also issued fiscal Q1 guidance of $0.40-$0.42 EPS on revenue of $450-$460 million, well above analyst expectations of $0.28 EPS on $432.2 million revenue.

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