Viavi Solutions is trading at $26.32, down 10.43% in pre-market; the precise catalyst for the decline remains unclear. - November 4 earnings beat expectations, with revenue of $469.3 million. - Second-quarter revenue guidance was $505 million–$515 million; the company announced a $500 million repurchase plan. - On November 5, Needham cut its price target to $53 from $60; available coverage does not establish this as the cause of the pre-market drop.