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 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.
VIAVI reported third quarter results for fiscal 2022, achieving net revenue of $315.5 million, a 4.0% increase from the previous year. GAAP operating margin rose to 12.9%, while non-GAAP EPS saw a significant lift to $0.22, up 22.2% year-over-year. The company exceeded revenue guidance of $301 to $315 million. Management anticipates sustaining revenue growth through fiscal 2022, having redeemed $50 million in convertible notes, improving financial flexibility.
VIAVI Solutions (NASDAQ: VIAV) has launched the ALT-9000, a universal radio altimeter (RADALT) flight line test set. This innovative product enhances testing capabilities for modern RADALTs with complex waveforms, crucial for aviation safety and security. The ALT-9000 employs fiber optic delay in traditional RF testing, making it compatible with all RADALT types on the market. With increased demand for safety in aviation post-pandemic, the ALT-9000 aims to support aircraft operators and manufacturers in efficient system testing, thereby reducing costs and operational disruptions.
VIAVI Solutions Inc. (VIAV) has been selected by Rakuten Symphony to utilize its TM500 Network Tester for validating performance across their solutions from lab to field. This collaboration aims to enhance the resolution of operational issues, facilitating faster deployments in urban networks. With 85% of network equipment manufacturers using TM500 for gNodeB development, VIAVI offers critical capabilities for testing 5G features and ensuring compliance with 3GPP specifications. The partnership exemplifies a shift towards Open RAN and emphasizes the importance of rigorous testing in evolving telecommunications.
Viavi Solutions Inc. (NASDAQ: VIAV) is set to announce its fiscal Q3 2022 financial results on May 3, 2022, after market close. The results will cover the period ending April 2, 2022. An earnings call will follow at 1:30pm PT / 4:30pm ET, with a webcast available on the company's investor relations website. Investors can access the quarterly earnings press release and supplementary materials in the 'Quarterly Results' section. Viavi is a leader in network test, monitoring, and assurance solutions.
Viavi Solutions (VIAV) has been chosen as the O-RAN test and measurement partner at a lab operated by Korea's Telecommunications Technology Association (TTA) and the Electronics and Telecommunications Research Institute (ETRI). The company will provide its TM500 O-RU Tester, specializing in conformance and interoperability testing for O-RAN networks. This partnership reflects the rising importance of Open RAN standards, necessitating robust testing environments as multiple vendors contribute to 5G infrastructure. Viavi's extensive experience in the field reinforces its role in ensuring network reliability and performance.
FAQ
What is the current stock price of Viavi Solutions (VIAV)?
What is the market cap of Viavi Solutions (VIAV)?
What does Viavi Solutions Inc. specialize in?
What are Viavi's core business segments?
How is Viavi involved in 6G research?
What recent advancements has Viavi made in cryptography?
What is Viavi's altGNSS GEO SecureTime service?
How did Viavi perform financially in the third fiscal quarter of 2024?
Who are Viavi's primary customers?
In what industries does Viavi provide optical components?
What role does Viavi play in the OpenAirInterface Software Alliance?
What are the benefits of Viavi's network visibility solutions?
