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 (NASDAQ: VIAV) announced significant updates to its Observer Platform on May 11, 2021, enhancing its network performance monitoring capabilities. The new Observer 18.3 version addresses challenges posed by increased remote work, focusing on proactive capacity planning and demand management. Key updates include intuitive capacity planning reports from Observer GigaFlow and a higher-capacity Observer Apex Enterprise appliance. These enhancements aim to improve IT resource visibility and performance management, helping teams manage network demands more effectively.
VIAVI reported strong results for Q3 fiscal 2021, with net revenue reaching $303.4 million, up 18.4% year-over-year. GAAP net income was $11.8 million or $0.05 per share, while non-GAAP net income came in at $42.3 million or $0.18 per share. The Network Enablement segment saw a 12.9% increase in revenue driven by Fiber, Cable, and Wireless. For Q4, VIAVI anticipates revenue between $290 million and $310 million, with non-GAAP EPS projected at $0.18 to $0.20.
Viavi Solutions Inc. (NASDAQ: VIAV) will release its fiscal third quarter 2021 financial results on May 4, 2021, post-market. This period ended on April 3, 2021. An earnings call is scheduled for 1:30 PM PDT (4:30 PM EDT), where a live webcast will be available on the company's investor relations website. The earnings press release, supplemental slides, and historical financial tables will also be accessible online. The conference ID for telephone participation is 8698331.
VIAVI Solutions released its 14th annual State of the Network global study, highlighting how organizations are adapting to post-pandemic challenges. Key findings reveal 60% of respondents plan to increase spending on technologies like SD-WAN and private 5G. IT teams report over 10 hours weekly managing collaboration tools due to a skills gap, with 90% of mid-size firms struggling to attract talent. Additionally, 87% of network operations teams now focus on security threat detection, influenced by recent cyberattacks like SUNBURST. The full study compiled insights from 794 industry professionals.
Expandium, a VIAVI Solutions company (NASDAQ: VIAV), has partnered with Cervello to enhance cybersecurity and predictive maintenance in the railway industry. This strategic alliance aims to provide advanced monitoring solutions for telecom and signaling systems, particularly ETCS, GSM-R, and Interlocking. The partnership addresses rising cyber threats amidst increasing digitalization in rail operations, ensuring improved security and reliability for operators. Both companies are committed to delivering scalable cybersecurity solutions, facilitating more efficient railway operations.
Viavi Solutions Inc. (VIAV) announced the launch of new fiber test and measurement solutions, enhancing its portfolio for fiber optic testing. Key products include upgraded optical power meters, fiber characterization modules, and a revamped Optical Time Domain Reflectometer (OTDR) aimed at reducing costs and downtime for service providers and data centers. These innovations are designed to improve service quality and operational efficiency as the demand for fiber networks grows.
trinamiX GmbH and Viavi Solutions (VIAV) have announced a joint development agreement to create a Near-Infrared (NIR) spectrometer module for consumer devices. This partnership aims to advance smartphone capabilities, enabling features such as skincare product recommendations based on skin analysis. trinamiX specializes in miniaturizing NIR technology for smartphones, while VIAVI brings expertise in optical filters. This collaboration follows trinamiX's December 2020 announcement of integrating NIR spectroscopy into consumer devices, marking a significant milestone in enhancing user experience.
Viavi Solutions (VIAV) announced that Openreach, the UK's largest digital infrastructure firm, has selected its Optical Network Monitoring System (ONMSi) to enhance Full Fibre broadband deployment. This collaboration aims to improve network quality and customer experience while minimizing costly engineering visits. Openreach targets 20 million homes with fiber-to-the-premises by the late 2020s and is currently passing 42,000 premises weekly. The ONMSi platform is expected to drive efficiencies, ensuring high-quality network builds.
Viavi Solutions (NASDAQ: VIAV) will participate in the Morgan Stanley TMT Investor Conference on March 1, 2021. The event will feature a fireside chat with President and CEO Oleg Khaykin from 9:30 AM to 10:00 AM PT (12:30 PM to 1:00 PM ET). A live webcast will be available on the company’s website under the Events and Presentations section. Viavi Solutions specializes in network test, monitoring, and assurance solutions across various sectors, including telecommunications and defense.
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