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) announced its participation in two upcoming investor conferences. The Susquehanna 11th Annual Technology Conference will be held virtually on March 4, 2022, from 10:40 am to 11:15 am PT. The Morgan Stanley TMT Investor Conference is scheduled for March 10, 2022, in San Francisco, CA, from 8:00 am to 8:30 am PT. The events will feature Oleg Khaykin, CEO, and Henk Derksen, CFO. Live webcasts and replays will be accessible on the VIAVI website.
Viavi Solutions (VIAV) announced enhancements to its Open RAN test suite, aimed at boosting development productivity and market speed. Key innovations include the TeraVM RIC Test for RAN performance validation, cloud testing capabilities for multiple nodes, and a Test as a Service (TaaS) offering. The company will showcase its collaborations with AMD, Ericsson, and Rohde & Schwarz at MWC Barcelona from February 28 to March 3, 2022. These developments are designed to facilitate the transition of Open RAN technologies from labs to real-world applications, while addressing legacy network challenges.
VIAVI (NASDAQ: VIAV) has partnered with Rohde & Schwarz to create an integrated solution for conformance testing of O-RAN Radio Units (O-RUs). This collaboration aims to enhance interoperability between network equipment from different vendors. Central to this solution is the O-RU Test Manager, which simplifies user experience and testing workflows. The partnership's advancements will be showcased at MWC Barcelona 2022, demonstrating their combined capabilities in wireless communication testing.
Viavi Solutions (NASDAQ: VIAV) and Openreach announced a collaboration to enhance the quality of the UK's Full Fibre broadband network through the deployment of the Fusion virtual performance monitoring system. This system will enable automated testing of end user speeds, providing real-time diagnostics and improving customer service by quickly identifying faults. Fusion features smart SFP technology supporting 1G & 10G line rates, enabling effective testing across the network, which is crucial as Openreach aims to connect 25 million premises by December 2026.
VIAVI (NASDAQ: VIAV) reported its Q2 fiscal 2022 results, with net revenue of $314.8 million, a decline of 3.7% from Q1. GAAP net income stood at $34.6 million ($0.14 per share) while non-GAAP net income was $59.3 million ($0.24 per share), marking a quarterly record. The company achieved a non-GAAP operating margin of 23.3%. Fiber and Wireless product demand drove business strength. VIAVI redeemed $45.6 million in convertible notes, improving capital structure. For Q3 FY2022, net revenue is expected between $301 million and $315 million.
Viavi Solutions Inc. (VIAV) announced its capability to verify potential interference between 5G networks and radar altimeters used in aviation. The testing involves assessing RADALT systems operating in the 4.2-4.4 GHz band, while 5G operates in the C-band (3.7-3.98 GHz). The company has developed a specialized testbed featuring the ALT-9000, OneAdvisor 800, and Ranger systems to simulate and analyze possible interference in real-world environments. Viavi aims to assist the industry and regulators in ensuring the safe coexistence of 5G communications and aviation systems.
Viavi Solutions Inc. (NASDAQ: VIAV) will announce its fiscal second quarter 2022 financial results on February 3, 2022, after market close. The earnings call is scheduled for 1:30 PM PT / 4:30 PM ET. A live webcast and replay of the call will be accessible on the VIAVI website. Investors are invited to participate via telephone. VIAVI provides network test, monitoring, and assurance solutions, catering to various sectors including telecommunications and government.
On December 16, 2021, Viavi Solutions (NASDAQ: VIAV) announced its involvement in the third annual global O-RAN plugfest, collaborating with leading communications service providers across multiple countries. The event, held in October and November 2021, showcased advancements in the O-RAN ecosystem and emphasized the importance of the RAN Intelligent Controller (RIC) in network management. Viavi provided critical tools, including the TeraVM RIC Test, to ensure optimal performance under varied scenarios. The company continues to lead in testing solutions for O-RAN networks, maintaining a significant share in RAN development.
Viavi Solutions (NASDAQ: VIAV) will attend two upcoming investor conferences. The first is the J.P. Morgan Tech/Auto Forum on January 5, 2022, in Las Vegas from 11:05 am to 11:35 am PT, featuring CEO Oleg Khaykin and CFO Henk Derksen. The second is the Needham Growth Conference on January 10, 2022, virtually in New York from 3:30 pm to 4:10 pm ET, also featuring Khaykin and Derksen. Live webcasts will be available on the VIAVI website.
Viavi Solutions Inc. (VIAV) announced a collaboration with Ericsson to integrate its geolocation capabilities into the newly launched Ericsson Intelligent Automation Platform. This partnership positions VIAVI as a key independent software vendor contributing to Ericsson's service management and orchestration (SMO) platform. The NITRO Mobility geolocation capability will be available as a modular application (rApp), enhancing network intelligence and efficiency. This innovation aims to support operators in automating both 4G and 5G networks and is already deployed by several Tier 1 operators globally.
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