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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 (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.
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.
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