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 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.
Viavi Solutions Inc. (VIAVI) announced that Vodafone Portugal has deployed its NITRO GEO platform, enhancing customer experience and handling data in a GDPR-compliant manner. This app-aware intelligence platform allows Vodafone to analyze subscriber complaints effectively. By automating service quality assurance based on geographic location, NITRO GEO provides near real-time analytics to optimize customer experience. The partnership showcases VIAVI's expertise in network intelligence, significantly benefiting Vodafone's network operations.
Viavi Solutions Inc. (VIAV) has been recognized as a Value Leader in the inaugural EMA Network Performance Management Radar report. The report evaluates 15 vendors on deployment efficiency, cost, and product strength. VIAVI's Observer platform is noted for its robust analytics capabilities and its ability to provide application insights. The platform aids technicians in troubleshooting and provides high-fidelity forensics through fast packet capture and enhanced data analysis. This recognition comes amidst increasing demands for effective network management in a rapidly evolving IT landscape.
Viavi Solutions (VIAV) announced a collaboration with Picocom to provide testing solutions for Open RAN base station components, essential for 5G networks. The partnership leverages Viavi's TM500 network tester, used globally, to validate performance in small cell networks compliant with O-RAN standards. This collaboration aims to meet diverse industry needs through effective testing and validation, advancing the adoption of Open RAN technology. Both companies emphasize the importance of interoperability testing and performance validation in driving market adoption.
VIAVI reported its fourth fiscal quarter results with net revenue of $310.9 million, a 16.6% increase from last year. Despite a GAAP EPS loss of $(0.01), non-GAAP EPS rose 22.2% to $0.22. For fiscal 2021, net revenue reached $1.2 billion, up 5.5% year-over-year. The GAAP operating margin was 11.9%, a 150 bps improvement. The company anticipates a strong 2022, driven by 5G deployment and Fiber upgrades, projecting first-quarter revenues between $303 million and $317 million.
VIAVI Solutions thanks EXFO minority shareholders for their support of a superior acquisition proposal at US$8.00 per share, urging rejection of Germain Lamonde's inferior US$6.00 going private offer. Shareholders are encouraged to exercise dissent rights for fair value and contest the fairness of the transaction at a hearing on August 20, 2021. Prior to the announcement on June 7, 2021, EXFO shares traded at US$3.70, indicating potential loss if Lamonde's offer proceeds. VIAVI emphasizes the need for the EXFO Special Committee to act in the best interests of all shareholders.
Viavi Solutions Inc. expressed disappointment over the rejection of its increased acquisition offer of US$8.00 per share for EXFO Inc. by Germain Lamonde and the EXFO Special Committee. This offer represents a premium of 116% over EXFO’s previous closing price before the going private announcement. Viavi criticizes Lamonde's US$6.00 per share proposal as inadequate and claims that it deprives minority shareholders of greater value. Viavi urges the EXFO Special Committee to fulfill its fiduciary duty and consider a deal that maximizes shareholder value.
VIAVI Solutions (NASDAQ: VIAV) has submitted an increased binding proposal to acquire EXFO (NASDAQ: EXFO) for $8.00 per share, representing a premium of 33⅓% over EXFO's current Going Private Transaction offer. The proposal values EXFO at approximately $459 million and includes a 116% premium over its closing price prior to the announcement of the Going Private Transaction. The proposal follows EXFO's strong fiscal Q3 results, driven by 5G and fiber network demand, with bookings up 47.2% year-on-year. VIAVI's offer intends to ensure significant value for all EXFO shareholders.
Viavi Solutions (NASDAQ: VIAV) will announce its fiscal Q4 and year-end 2021 financial results on August 12, 2021, after market close. The results cover the period ended July 3, 2021. Investors can join a conference call at 1:30 PM PDT / 4:30 PM EDT, with the opportunity to access a live webcast on the VIAVI website. A replay will be available from August 12 to August 19, 2021.
VIAVI provides network testing and assurance solutions across various sectors, emphasizing its leadership in light management solutions.
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