Welcome to our dedicated page for Viavi Solutions news (Ticker: VIAV), a resource for investors and traders seeking the latest updates and insights on Viavi Solutions stock.
Viavi Solutions Inc. (NASDAQ: VIAV) is a global leader in providing network test, monitoring, and assurance solutions. The company caters to a broad array of customers including telecommunications service providers, enterprises, network equipment manufacturers, and various governmental and military entities. Viavi's innovative software and hardware platforms offer end-to-end visibility across physical, virtual, and hybrid networks, delivering precise intelligence and actionable insights that enhance the service experience, boost customer loyalty, increase profitability, and accelerate transitions to next-generation technologies.
In addition to its core networking solutions, Viavi excels in anti-counterfeiting technologies for currency authentication and produces advanced optical components for a wide range of applications across industries such as electronics, automotive, aerospace, and defense. The company's operations are divided into three main segments: Network Enablement, Service Enablement, and Optical Security and Performance Products.
Recently, Viavi has made significant strides in 6G and AI research through its 6G Forward Program, collaborating with Northeastern University's Institute for Wireless Internet of Things. This partnership focuses on developing a city-scale digital twin of a 6G network using AI and ML technologies. The company has also introduced performance testing capabilities for Post-Quantum Cryptography (PQC) system deployments, addressing emerging security threats posed by quantum computing.
Other notable updates include Viavi joining the Strategic Board of the OpenAirInterface Software Alliance to advance open-source initiatives within the telecommunications industry and the launch of their altGNSS GEO SecureTime services, which provide nanosecond-accurate UTC timing for critical infrastructure independently of traditional GPS and GNSS.
Financially, Viavi reported a net revenue of $246.0 million for the third fiscal quarter of 2024, with ongoing challenges in the service provider and enterprise segments. Despite these hurdles, the company remains committed to innovation and collaboration, continually evolving to meet the demands of the ever-changing technology landscape.
VIAVI Solutions announced that its Xgig® CXL Exerciser has received CXL 2.0 Gold Suite certification from the Compute Express Link® Consortium. This certification allows the device to qualify CXL devices for the CXL v2.0 Integrators List. The technology optimizes data flow between CPUs and peripherals, supporting AI, Machine Learning, and HPC applications. Micron and Smart Modular Technologies have selected VIAVI's solution to advance the CXL ecosystem. The company will demonstrate its CXL testing solutions at SC24 in Atlanta, November 18-21, 2024.
VIAVI (VIAV) reported Q1 FY2025 results with net revenue of $238.2 million, down 3.9% year-over-year. The company posted a GAAP net loss of $1.8 million and non-GAAP net income of $12.4 million. Key metrics showed declining performance with GAAP operating margin at 4.8% (down 170 bps) and non-GAAP operating margin at 10.0% (down 240 bps). The company expects Q2 FY2025 revenue between $255-265 million with non-GAAP EPS of $0.09-0.11. While Network and Service Enablement segments showed weakness, the Optical Security segment grew 1.7% year-over-year.
VIAVI Solutions (NASDAQ: VIAV) has been selected to design, build and operate an Open RAN Interoperability Laboratory in Quezon City, Metro Manila. The lab, funded by USAID through the BEACON Project, will be based on VIAVI's Automated Lab-as-a-Service (VALOR™) and developed in collaboration with UP Diliman EEEI and Asia Open RAN Academy. The initiative aims to promote open architecture, foster innovation, and expand digital access in the Philippines. The lab will feature VIAVI's NITRO Wireless Open RAN Test Suite and include components from vendors like Fujitsu and SOLiD to support multi-vendor Open RAN testing and validation.
Viavi Solutions (NASDAQ: VIAV) has secured an agreement with Telefónica HISPAM to provide automated network inventory management capabilities using VIAVI NITRO® AIOps. The solution will manage both passive and active network components across all domains in Telefónica's operations in eight Latin American countries. NITRO AIOps auto-discovers and catalogs physical assets, software assets, virtual devices, and networks, providing end-to-end visibility of resources and services through AI/ML capabilities. The system helps identify and address complex network issues proactively, supporting capacity planning, anomaly detection, and predictive maintenance to improve service quality and reduce operational costs.
Viavi Solutions Inc. (NASDAQ: VIAV) has announced the date for its fiscal first quarter 2025 financial results. The company will release its earnings report for the period ended September 28, 2024, on Thursday, October 31, 2024, after market close. VIAVI will host an earnings call at 1:30 p.m. PDT / 4:30 p.m. EDT on the same day.
Investors and interested parties can access the live webcast and replay of the call on the VIAVI website at https://investor.viavisolutions.com. The quarterly earnings press release, supplementary slides, and historical financial tables will be available under the 'Quarterly Results' section. For those participating via telephone, toll-free and toll dial-in numbers, along with the conference ID, have been provided.
VIAVI Solutions Inc. (NASDAQ: VIAV) has opened its VIAVI Automated Lab-as-a-Service (VALOR™) Open RAN testing facility in Chandler, Arizona. Funded by a grant from the U.S. NTIA, VALOR offers a fully automated, open, and impartial Lab-as-a-Service / Test-as-a-Service suite for Open RAN interoperability, performance, and security.
VALOR addresses challenges to accelerate Open RAN adoption and encourage competition by providing access to test capabilities typically only available to large, established players. With its highly automated, on-demand 'pay-as-you-go' approach to standardized testing, VALOR simplifies the development and deployment of Open RAN technologies.
The facility brings together VIAVI's NITRO Wireless Open RAN Test Suite, VAMOS framework, and technologies from industry-leading partners. It offers over 500 test cases compliant with O-RAN and 3GPP specifications, covering various aspects of Open RAN testing.
VIAVI Solutions Inc. (NASDAQ: VIAV) has announced the introduction of a new optical connector inspection solution, the FVAM-2000, for next-generation transceivers. This benchtop microscopy solution will be showcased at ECOC 2024 in Frankfurt, Germany, along with other innovative optical and Ethernet testing solutions.
Key highlights include:
- The FVAM-2000, designed for MPO and new bulkhead connectors in 800G formats
- ONE-1600, a 1.6Tb/s Ethernet test module for high-speed testing
- ONT-800 Optical Network Testing platform with ZR and ZR+ capabilities
- NITRO® Fiber Sensing for critical infrastructure monitoring
- INX™ 760, the industry's first fully automated probe microscope
These innovations demonstrate VIAVI's commitment to advancing optical communication technology and supporting the industry's move towards faster data speeds and improved infrastructure.
VIAVI Solutions Inc. (NASDAQ: VIAV) has introduced the VIAVI Automation Management and Orchestration System (VAMOS), an intelligent automation platform with AI/ML capabilities. VAMOS aims to help wireless and cloud service providers, network equipment manufacturers, and their ecosystems reduce operational expenses and accelerate time-to-market. The platform is designed to address the increasing complexity of network architectures and the challenges of continuous testing in labs with headcount.
Key features of VAMOS include:
- Centralized cloud-based, Lab-as-a-Service platform
- Customizable workspaces and configurations
- Shared tool testbeds and individual sandboxes
- Robust analytics and reporting
- Integration capabilities with third-party automation frameworks
VAMOS will also be integrated into VIAVI's Automated Lab-as-a-Service for Open RAN (VALOR™) project, funded by the Public Wireless Supply Chain Innovation Fund.
VIAVI Solutions Inc. (NASDAQ: VIAV) has unveiled the ONE-1600, the first testing solution for the emerging 1.6Tb/s ecosystem based on 224G SERDES. This new module, part of the ONE LabPro™ platform, addresses the testing needs of AI, ML, high-performance computing, and quantum computing applications. The ONE-1600 supports OSFP1600 and QSFP-DD1600 form factors and is initially available in a two-port configuration.
The ONE LabPro platform offers high port density, supporting up to 64 x 1.6Tb/s test ports using ONE-1600 modules or 128 x 800Gb/s test ports with HSE-800 modules. It features a web-based interface and Python-based automation framework for advanced traffic generation and analysis. Early customers include InnoLight and Lumentum, who are developing 1.6T products to meet the growing demand in AI and cloud infrastructure.
VIAVI (NASDAQ: VIAV) reported its fiscal fourth quarter and full year 2024 results. Q4 net revenue was $252.0 million, down 4.4% year-over-year. GAAP net loss was $(21.7) million, or $(0.10) per share. Non-GAAP net income was $17.1 million, or $0.08 per share. For fiscal 2024, net revenue was $1.0 billion, down 9.6% year-over-year. GAAP net loss was $(0.12) per share, while non-GAAP EPS was $0.33. The company faced challenges due to weak end market spending throughout the year. VIAVI expects gradual recovery in the second half of fiscal 2025 and announced a restructuring plan to improve operational efficiencies.
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