Viavi Solutions is trading at €23.53, down 7.73% today amid a sharp technology-sector sell-off tied to fears of tighter AI data-center regulation and a reassessment of technology valuations.
- The company reported fiscal Q1 results that exceeded guidance and provided higher-than-expected revenue and EPS guidance for Q2.
- Despite the positive earnings beat, analysts at B. Riley and UBS lowered their price targets, citing valuation and multiple pressure.
- The decline follows a broader market trend of reassessing AI-related investments and potential regulatory impacts on data centers.