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 (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.
Viavi Solutions Inc. (NASDAQ: VIAV) will participate in the upcoming Rosenblatt Securities Technology Summit, a virtual conference scheduled for June 10, 2022, from 1:00 PM to 1:45 PM ET. CFO Henk Derksen will represent the company. Investors can view the live webcast and replay on the company’s website under the 'Events and Presentations' section. Viavi specializes in network test, monitoring, and assurance solutions and is a leader in light management solutions for various industries including automotive and defense.
Viavi Solutions (NASDAQ: VIAV) launched the ApexNow application, enhancing integration with ServiceNow ITOM. This app allows IT teams to access the patented End User Experience scoring model, accelerating problem resolution across various domains. The platform addresses the challenges of remote work and skills gaps in IT operations. The collaboration is aimed at improving efficiency for enterprises managing network complexity and security threats. The ApexNow app can be accessed via the ServiceNow Store, signifying a significant step in Viavi's ongoing partnership with ServiceNow.
Viavi Solutions Inc. (VIAV) received IATF 16949:2016 certification for its optical filters produced at the Suzhou, China facility, marking a significant achievement in automotive quality standards. This certification underscores Viavi's commitment to supporting Tier 1 automotive suppliers, having produced over 200 million optical filters since 2012 for automotive LiDAR applications. The filters enhance LiDAR systems' signal-to-noise ratio by up to 150%, which is vital for improving safety in autonomous and semi-autonomous vehicles.
Viavi Solutions (NASDAQ: VIAV) has been selected by Open Fiber to provide a centralized optical test solution as part of Open Fiber's initiative to achieve full ultra-broadband coverage in Italy. The initiative aims to serve around 24 million households, facilitating high-speed connectivity through a €15 billion investment, including a €7.2 billion loan. Viavi's Optical Network Measurement System (ONMSi) will streamline network management and support quality assurance throughout the deployment lifecycle, enhancing efficiency and reducing activation times.
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