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 (NASDAQ: VIAV) is presenting cutting-edge testing solutions at ECOC 2022 in Basel, Switzerland, focusing on advances in Optical Transport Networks (OTN). The company is highlighting its ONT-800 platform that supports OTN standards up to 400 Gbps, enhancing network capacity management. Additionally, VIAVI is involved in a multi-vendor OIF interoperability event, showcasing its technology's readiness for widescale deployment.
Viavi Solutions Inc. (NASDAQ: VIAV) announced a new stock repurchase program of up to $300 million, effective October 1, 2022, replacing the previous $200 million program. This initiative allows for share repurchase through various methods and aligns with favorable market conditions. Additionally, VIAVI reconfirmed its guidance for the first fiscal quarter of 2023, estimating revenue between $317 million and $331 million, with a non-GAAP EPS target of $0.22 to $0.24.
On September 1, 2022, Viavi Solutions Inc. (NASDAQ: VIAV) released its 2022 Environmental, Social, and Governance (ESG) Report, detailing its sustainability efforts across global operations for fiscal 2022. Key highlights include a 42% reduction in CO2 emissions since 2015, initiatives leading to significant energy savings, and a commitment to diversity in its workforce, comprising 3,600 employees from over 30 nationalities. The report aligns with TCFD recommendations, showcasing Viavi's dedication to long-term value creation through responsible business practices.
VIAVI Solutions (NASDAQ: VIAV) has been chosen by Kyrio, a subsidiary of CableLabs, to participate in the O-RAN Test and Integration Lab in Colorado. This makes VIAVI the only test and measurement company represented in all seven globally approved Open Testing and Integration Centres (OTICs). The lab aims to support vendors in validating O-RAN standards using VIAVI's advanced testing capabilities. With a comprehensive O-RAN test suite and a reputation within the global community, VIAVI is pivotal in facilitating O-RAN compliance and certification, enhancing market expansion opportunities.
Viavi Solutions (VIAV) announced its new 6G Forward program to support global academic and industry research aimed at advancing 6G technology. The initiative includes partnerships with three universities: Northeastern University, University of Texas at Austin, and University of Surrey. Through this program, VIAV provides expertise, technology, and funding for crucial research activities that may lead to breakthroughs in wireless communications. The collaboration aims to enhance the performance and efficiency of future networks.
VIAVI reported its fourth quarter fiscal 2022 results, achieving net revenue of $335.3 million, marking a 7.8% increase year-over-year. The GAAP operating margin was 14.3%, up 380 bps year-over-year, while GAAP EPS reached $0.07, a significant jump of 600%. For fiscal 2022, total net revenue was $1,292.4 million, reflecting a similar 7.8% increase year-over-year. The company expects Q1 fiscal 2023 net revenue between $317 million and $331 million, with non-GAAP EPS between $0.22 and $0.24.
Viavi Solutions (VIAV) announced the launch of Observer Apex and Observer Gigastor in the AWS Marketplace, enhancing service visibility and accelerating cloud deployments. The latest Observer update, Version 18.8, focuses on simplifying cloud monitoring with End-User Experience (EUE) scoring and problem domain isolation. These features allow IT teams to maintain service visibility during cloud migrations, ensuring fast troubleshooting across on-premises and cloud environments. The release responds to increasing demands for effective cloud service management as highlighted in a recent State of the Network survey.
Viavi Solutions Inc. (NASDAQ: VIAV) will report its fiscal fourth quarter and year-end 2022 financial results on August 11, 2022, after market close. The earnings call is scheduled for 1:30 PM PDT (4:30 PM EDT) and will be accessible via a live webcast on the VIAVI website. Interested parties can join by telephone or listen to the replay available until August 18, 2022. More details about the earnings press release and supplementary materials will be posted on the company's 'Quarterly Results' section.
Viavi Solutions Inc. (VIAV) participated in the O-RAN PlugFest organized by the O-RAN ALLIANCE, showcasing its role in validating and benchmarking O-RAN technologies across various global locations in May and June 2022. Key highlights included demonstrated interoperability in multi-vendor environments and performance testing of Open Radio Units. Dr. Ian Wong remarked on the maturity of the O-RAN ecosystem, noting advancements in security and AI/ML-driven network optimization. VIAVI's comprehensive test suite supports extensive testing capabilities for all components of O-RAN networks.
Viavi Solutions (VIAV) announced support for NTT DOCOMO’s 5G Open RAN Ecosystem (OREC), enhancing global connectivity. NTT DOCOMO has utilized Viavi's TM500 Network Tester for comprehensive testing since 3G to 5G. The OREC initiative, which launched in 2021, has expanded to 13 partners, aiming to facilitate remote access for international mobile operators to validate virtualized RAN technology. Viavi's test suite ensures robust end-to-end testing to meet diverse operational requirements.
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