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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 release its fiscal Q1 2021 financial results on November 5, 2020, following market close. The reporting period ends on October 3, 2020. An earnings call is scheduled for 1:30 PM PDT / 4:30 PM EDT on the same day, with a webcast available on the company's website. The conference ID for participation is 8786299. Key financial documents will be accessible through the "Quarterly Results" section post-announcement.
Viavi Solutions Inc. (VIAV) has introduced new test and measurement products for optical lab and manufacturing settings, reinforcing its position in photonic testing. Key enhancements include the mTLS-C1 high power tunable laser, six new CW source types, and the mVBR-C1 variable back reflection module, targeting innovations like 400G coherent modules and silicon photonics. The CleanBlastPRO system offers automated connector cleaning with significant cost savings. These advancements aim to optimize production efficiency amid rising demands in fiber connectivity for 5G and data centers.
Viavi Solutions (VIAV) has partnered with Tait Communications to enhance automated testing for the Tait TP9500 DMR and TP9600 P25 Series radios on its 3920B Radio Test Platform and 8800SX Digital Radio Test Set. This collaboration introduces Auto-Test options for the TP9500, TP9300, and TM9300 Series, along with support for the TP9600 and other P25 radios, ensuring efficient compliance with Tait's testing standards. The integration aims to bolster public safety communications, reinforcing confidence among first responders in the reliability of their equipment.
Viavi Solutions (NASDAQ: VIAV) announced the launch of the first-ever 16-lane protocol analysis system for PCI Express® 5.0, designed for high-demand applications such as 400 Gigabit Ethernet and artificial intelligence. The Xgig 5P16 Protocol Analyzer operates at 32Gbps per lane, enhancing testing and validation capabilities. It features a chassis with 256GB of memory and supports upgrades for future capabilities. This innovation aims to assist component manufacturers in meeting the increasing bandwidth demands of advanced networking technologies.
On September 15, 2020, Viavi Solutions (NASDAQ: VIAV) announced that Nokia has validated its ONT 800G FLEX DCO Module, a crucial component for testing coherent optical modules. Nokia, a beta customer, provided feedback that led to the purchase of this module upon release. The collaboration enhances Nokia's coherent transport solutions, supporting faster technologies like 5G and reduces overall network costs. The ONT 800G FLEX DCO Module allows testing for both 400G class CFP2 DCO and QSFP-DD 400ZR modules, accelerating product development.
Viavi Solutions (VIAV) has launched a comprehensive VPN Management Solution to assist enterprises adapting to remote work. This suite encompasses validation, pre-deployment testing, monitoring, and troubleshooting, addressing challenges exposed by the rapid shift to remote operations. According to the Neustar International Security Council, 64% of companies faced network security disruptions, and 78% of corporate VPNs experienced connectivity issues. Viavi's solution aims to enhance user experience and operational visibility, crucial for the ongoing remote work trend.
Viavi Solutions Inc. (VIAV) announced the delivery of its 5G O-RAN fronthaul and optical transport testing solutions to China Mobile Research Institute. This collaboration aims to enhance performance validation as 5G deployments expand. VIAVI provided critical tools such as the ONT-800 Optical Network Tester and T-BERD/MTS-5800 for comprehensive testing. These advancements support China Mobile's goal of maintaining high-quality service as they implement next-generation 5G technologies.
Viavi Solutions Inc. (VIAV) announced a technology collaboration with Hubei W-OLF Photoelectric Technology Co., Ltd. to utilize VIAVI's patented low angle shift (LAS) filters in 3D sensing applications. This partnership aims to leverage both companies' strengths in the field of optical filters and 3D sensing technology. Hubei W-OLF is recognized as a leading supplier of optical filters in China. The terms of the collaboration remain confidential. VIAVI continues to establish its position as a leader in thin film optical coatings, aiming for growth through engagement with major customers and ecosystem partners.
Viavi Solutions (VIAV) announced the acquisition of Expandium, enhancing its network assurance portfolio with cloud-native solutions. This acquisition aligns with industry trends towards virtualization, as major service providers report significant network virtualization. Expandium brings advanced technologies, including machine learning and pattern detection, to support 5G initiatives. This strategic move is expected to bolster VIAVI's capability in delivering innovative assurance solutions across diverse networks, addressing challenges in wireless and wireline frameworks.
VIAVI reported its fourth fiscal quarter results for the period ending June 27, 2020, with net revenue of $266.6 million, up 4.1% from the previous quarter but down 8.0% year-over-year. GAAP net income reached $26.7 million or $0.12 per share, a significant improvement from a loss of $32.8 million in Q3. Non-GAAP net income was $40.8 million or $0.18 per share. The company sees potential growth driven by 5G demand despite macroeconomic uncertainties. For Q1 FY 2021, guidance suggests revenue between $258 million and $282 million, with non-GAAP EPS of $0.14 to $0.16.
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