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) will take part in several upcoming virtual investor conferences. Oleg Khaykin, CEO, will speak at three events: MKM Partners Investor Conference on December 15, 2020, 3:10 PM ET; Needham Growth Conference on January 11, 2021, 3:30 PM ET; and J.P. Morgan Tech/Auto Forum on January 12, 2021, 9:00 AM PT. Investors can access live webcasts and replays on the VIAVI website under the 'Events and Presentations' section.
Viavi Solutions (VIAV) launched the Xgig® Protocol Exerciser for PCIe 5.0, enhancing protocol traffic validation and performance evaluation. This tool, alongside the Xgig® 5P16 Analyzer, enables real-time emulation and analysis of PCIe 5.0 data traffic, crucial for developing high-speed computing applications. Broadcom has chosen VIAVI as a key supplier for PCIe Gen 5.0 products, citing the unique capability of simultaneous error injection and detailed evaluation across multiple lanes, ensuring robust product development and validation.
Viavi Solutions Inc. (VIAV) has launched the VIAVI Optimeter, an innovative network test tool aimed at enhancing fiber installation and maintenance efficiency. With an expected increase in demand for broadband services, approximately 250,000 technicians will focus on fiber duties within three years. The Optimeter consolidates essential functions in a user-friendly design, targeting improved installation success rates and reduced operational costs. This tool addresses the challenge of activation failures, which can occur 20-50% of the time due to insufficient testing, thereby streamlining service deployment.
Viavi Solutions Inc. (VIAV) announced the deployment of its NITRO Mobile solution by Three Ireland. This enhancement enables real-time visibility into network and service performance, improving customer experience. With a 35% market share and over 2 million customers, Three Ireland is focused on enhancing mobile service, having launched 5G countrywide. The NITRO Mobile solution simplifies network management, facilitating improved performance and service quality across various technologies.
Viavi Solutions (VIAV) has announced enhancements to its OneAdvisor-800 tool, aimed at improving the maintenance and deployment of 5G and 4G technologies. The updated device now features signal analyzer capabilities for 5G NR and 4G LTE, enabling technicians to efficiently conduct tests across various network technologies. This consolidated solution supports fiber, coaxial cable, and spectrum analysis, with automated workflows that enhance testing accuracy. As demand for 5G grows, the OneAdvisor-800 positions VIAV as a leader in the test portfolio for cell site integration and maintenance.
VIAVI reported its Q1 fiscal 2021 results, showcasing a net revenue of $284.7 million, an increase of 6.8% sequentially but a 5.0% decline year-over-year. GAAP net income was $14.3 million or $0.06 per share, down from $0.12 in the previous quarter. Non-GAAP earnings per share reached $0.21, exceeding guidance. The Optical Security and Performance segment achieved a record revenue of $101.2 million. Looking ahead, VIAVI anticipates Q2 revenue between $280 million and $300 million with non-GAAP EPS of $0.18 to $0.20.
Viavi Solutions Inc. (VIAV) announced participation in a global O-RAN plugfest, collaborating with Tier-1 communications service providers across five countries. The event, held in September and October 2020, showcased O-RAN use cases with several network equipment manufacturers. Viavi offered its advanced 4G and 5G test platforms, enhancing the commercialization of O-RAN technology. The plugfest locations included Berlin, Torino, Madrid, Bengaluru, and Tokyo, allowing extensive demonstrations of interoperability, performance testing, and network integration.
VIAVI Solutions (VIAV) and EF Johnson Technologies announced enhanced automated testing capabilities for KENWOOD Viking radios. This advancement caters to law enforcement and public safety organizations, allowing for efficient radio testing and alignment. The new features are compatible with various KENWOOD models, including the VM6000 and VM7000 series. VIAVI emphasizes that these Auto-Test applications reduce complexity and potential testing errors, ensuring reliable communications for first responders.
VIAVI Solutions Inc. (NASDAQ: VIAV) announced on October 21, 2020, that Amar Maletira has resigned as Chief Financial Officer, effective October 16, 2020, to pursue a new opportunity. His departure will not disrupt operations, as he will assist with the transition until November 20, 2020. Pam Avent, Global Controller, has been named interim CFO. VIAVI expects Q1 2021 revenue between $282 million and $284 million, with non-GAAP EPS between $0.18 and $0.19, surpassing previous guidance.
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