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. announced its disappointment over the rejection of its acquisition proposal for EXFO Inc. at $7.50 per share in cash. The company believes that its offer represents compelling value for EXFO shareholders and remains open to further discussions with EXFO's leadership. Viavi emphasizes the strategic merits of this transaction and is prepared to engage to reach an agreement, highlighting the importance of the deal for all stakeholders involved.
On June 16, 2021, Viavi Solutions (NASDAQ: VIAV) proposed to acquire EXFO (TSX: EXF, NASDAQ: EXFO) at US$7.50 per share, valuing the company at approximately US$430 million. This offer represents a 103% premium over EXFO's June 4 closing price and a 25% premium to the recent Going Private Transaction offer. VIAVI's proposal received unanimous approval from its board and will not require a shareholder vote. The strategic acquisition aims to enhance investment in growth, leverage combined resources, and maintain EXFO's brand and operations in Quebec.
VIAVI Solutions Inc. (NASDAQ: VIAV) introduced TMLite, a compact version of its TM500 Network Tester, on June 16, 2021. This new tool enhances productivity for wireless base station manufacturers by enabling early identification of software errors during the development cycle. TMLite supports 5G Standalone features and is designed for smaller vendors, ensuring access to necessary testing tools. With its customizable testing capabilities, TMLite aims to meet the growing demands for network densification in 5G.
VIAVI Solutions (NASDAQ: VIAV) has unveiled new capabilities for its Optical Network Monitoring Solutions (ONMS), enhancing remote testing and monitoring for fiber networks crucial to 5G, PON, and data centers. Key features include the patented Flash Fiber Monitoring, which detects network issues 100-300 times faster than existing methods, and new iOTDR Micro and Nano cards that streamline integration for network equipment manufacturers. These innovations aim to reduce downtime and maintenance costs, improving network performance and reliability.
VIAVI Solutions Inc. (NASDAQ: VIAV) has launched the mOSA Module, enhancing its Multiple Application Platform (MAP) Optical Manufacturing Test system. This new module offers improved optical spectrum analysis, a 30% increase in measurement resolution, and significantly reduces system footprint by up to six rack units. The mOSA Module complements VIAVI's existing optical testing solutions and addresses the growing demand for precision in optical communications manufacturing. This innovation aims to provide scalability, efficiency, and cost-effectiveness in testing environments.
Viavi Solutions (VIAV) announced the launch of the TeraVM O-CU Tester on AWS Outposts, the first industry solution for O-RAN Central Unit testing on AWS Managed Services. This deployment is vital for validating 5G services and ensuring performance at the network edge. With the rise of applications needing ultra-low latencies, such as autonomous vehicles and smart cities, this development supports service providers in optimizing their investments in 5G technology. The O-CU Tester ensures compliance with 3GPP standards and interoperates with 5G and O-RAN network components.
Viavi Solutions Inc. (VIAV) announced the launch of Auto-Test for L3Harris Technologies' XL Connect™ series radios, enhancing automated testing for public safety communications. The new applications ensure quick, precise alignment of radios, meeting L3Harris maintenance specifications. VIAVI's systems, including the 3920B Radio Test Platform and 8800SX Digital Radio Test Set, support various L3Harris radio models, reinforcing their leadership in network test solutions. This partnership aims to bolster communication reliability in mission-critical situations.
Viavi Solutions Inc. (VIAV) announced the launch of the 800G FLEX XPM Module, marking a significant advancement in optical networking technology. This integrated test product is designed for 800G transceivers utilizing 100G electrical lane speed, addressing the growing demand for higher network speeds amidst increasing data traffic. The module supports a variety of testing applications, enhancing manufacturers' capabilities to validate 800G optical modules. Viavi emphasizes its leadership in optical network testing to support rapid market adoption of these technologies.
Viavi Solutions Inc. (NASDAQ: VIAV) is set to participate in two upcoming virtual investor conferences. The Needham TMT Investor Conference will take place on May 20, 2021, featuring CEO Oleg Khaykin and CFO Henk Derksen from 12:45 PM to 1:25 PM ET. The Stifel Cross Sector Insight Investor Conference is scheduled for June 8, 2021, from 4:00 PM to 4:30 PM ET. A live webcast and replay will be accessible on Viavi's website. Viavi specializes in network test and monitoring solutions for various sectors.
VIAVI Solutions has launched the Fusion JMEP 10, a smart SFP+ transceiver designed for network testing and performance monitoring at up to 10 GbE. This product addresses the growing demand for 10 GbE in applications like 5G xHaul and Business Ethernet Services. The Fusion JMEP 10 simplifies deployment in existing ports and includes features for inline monitoring and micro-burst detection, enhancing network performance management. This innovation aligns with the shift towards more complex network architectures driven by increased data traffic demands.
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