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. (VIAV) announced that its Xgig Exerciser has been approved by PCI-SIG for the PCI Express 4.0 compliance program, marking a significant advancement in their protocol analysis capabilities. This approval allows manufacturers to utilize the Xgig platform for compliance testing at PCI-SIG workshops, streamlining the process for products to be added to the Integrators List. The Xgig 5P16 system offers multifunctional capabilities, including Analyzer and Jammer functions, enhancing productivity and reducing time-to-market.
Viavi Solutions Inc. (NASDAQ: VIAV) has successfully closed a private offering of $400 million in senior unsecured notes with a 3.750% interest rate due in 2029. The net proceeds are estimated at $393 million after expenses and will be used for general corporate purposes, including reducing existing debt. CEO Oleg Khaykin highlighted that this issuance optimizes Viavi's capital structure and provides financial flexibility for future growth. The notes will not be registered under the Securities Act and cannot be sold in the U.S. without registration.
Viavi Solutions Inc. (VIAV) has launched the CX300 ComXpert, a field-portable communications test solution designed for radio and broadband network infrastructure testing. The CX300 is the first LTE-ready radio test set that caters to the transition from analog to digital in public safety radio. Showcasing an extensive frequency range up to 6 GHz, it includes advanced testing applications and a user-friendly interface. The CX300 will be featured at the International Wireless Communications Expo 2021 on September 29-30, enhancing the performance of radio systems for technicians.
Viavi Solutions Inc. (NASDAQ: VIAV) has priced $400 million of 3.750% senior unsecured notes due 2029 in a private offering. The notes will pay interest semi-annually starting April 1, 2022, and will mature on October 1, 2029. Net proceeds from the offering are estimated at $393 million after expenses. The notes are not registered under the Securities Act and are only available to qualified institutional buyers. The issuance is expected to close on September 29, 2021.
Viavi Solutions Inc. (NASDAQ: VIAV) announced a private offering of $400 million in senior unsecured notes due 2029, aimed at qualified institutional buyers. The notes will be unregistered and guaranteed by certain domestic restricted subsidiaries. Proceeds will be used for general corporate purposes and transaction-related expenses. The interest rate and terms will be set upon pricing, with the offering dependent on market conditions. This is not an offer to sell securities in the U.S.
Viavi Solutions (VIAV) has announced a donation of $200,000 to establish the 'H. Angus Macleod Scholarship' at the University of Arizona's Wyant College of Optical Sciences. This scholarship honors Dr. H. Angus Macleod, a significant contributor to the field of optics. The move aims to support innovative research and inspire new talent in optical sciences. Dr. Fred Van Milligen, a VP at VIAVI, will keynote the annual Scholarship Awards Program on September 24, emphasizing Macleod's impact in technology.
Viavi Solutions Inc. (VIAV) has announced new enhancements to its Xgig 5P16 platform, enabling multi-user functionality and analyzer bifurcation for PCIe 5.0 testing. These updates allow multiple users to conduct simultaneous protocol analysis, expediting time-to-market and reducing total cost of ownership for product development. Marvell, an early adopter, recognizes the platform's value in streamlining testing processes. The multifunctional design integrates various testing capabilities, enhancing operational efficiency and reducing equipment costs, thus providing a competitive edge in the market.
Viavi Solutions (NASDAQ: VIAV) has partnered with Capgemini to enhance 5G and O-RAN lab testing capabilities in Portugal through their O-RAN Lab as a Service (LaaS). This collaboration aims to address growing demands for 5G validation, ensuring that open networks deliver performance comparable to traditional networks. Both companies focus on network integration and offer solutions that encompass the entire network lifecycle, enhancing end-user experience. This partnership reinforces Viavi's leadership in testing open RAN architectures, tailored to meet customer needs.
Viavi Solutions (VIAV) announced the launch of the ONT 800G FLEX XPM Module, the first lab validation system to support both OSFP800 and QSFP-DD800 testing. This innovation aims to enhance 800G network infrastructure production amid rising demand for high-speed networking. The module offers comprehensive testing capabilities crucial for the development of optical communications technology, ensuring error-free performance and interoperability. Vice President Tom Fawcett emphasized that this advancement helps manufacturers expedite bringing new 800G network equipment to market.
Viavi Solutions (VIAV) released its annual Corporate Social Responsibility Report, highlighting its dedication to diversity, equity, and inclusion (DEI), alongside robust environmental, social, and governance (ESG) practices. The report details initiatives targeting climate change, with a one-third reduction in carbon footprint over five years. VIAVI also implemented a Global Human and Labor Rights Policy, expanded disaster relief for employees impacted by COVID-19, and appointed more women to its Board, achieving 44% female representation. The company remains focused on sustainable practices to boost operational success.
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