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) 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.
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.
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