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. (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.
Viavi Solutions (VIAV) announced the launch of the Xgig 5P8 Analyzer Platform for PCI Express (PCIe) 5.0, providing a significant upgrade to validate performance for equipment manufacturers. This platform allows data transmission speeds of up to 32 GT/s per lane, catering to emerging applications in AI and IoT. The Xgig 5P8 features advanced protocol analysis, 128 GB of memory, and compatibility with PCIe 4.0. With its robust capabilities, it aims to support the industry's demand for higher performance and faster debugging.
Viavi Solutions (VIAV) and VeEX Inc. have entered a patent license and supply agreement concerning cable leakage and pressure testing. VeEX will distribute the VIAVI Seeker HL Source Transmitter paired with a VeEX receiver like the CX310 for detecting cable signal leakage. The Seeker HL technology efficiently reveals unwanted signal leakage issues in home coaxial networks, thereby assisting technicians in identifying faults more quickly. Specific terms of the agreement remain confidential.
Viavi Solutions Inc. (VIAV) announced enhancements to its RF field test portfolio aimed at accelerating the deployment of 5G and LTE networks. This update addresses the rising demand for mobile data by providing service providers with advanced tools to manage network performance and reduce operating costs. Key products include the CellAdvisor 5G, which now supports Dynamic Spectrum Sharing (DSS), and the OneAdvisor-800, a multifunctional installation tool. These enhancements are designed to simplify troubleshooting and improve service quality as providers build denser networks.
Viavi Solutions Inc. (NASDAQ: VIAV) will announce its fiscal fourth quarter and year-end 2020 financial results on August 11, 2020, after market close. The results pertain to the period ending June 27, 2020. An earnings call will take place at 1:30 PM PDT / 4:30 PM EDT, with a live webcast available on the VIAVI website. Investors can participate via toll-free and international numbers provided in the announcement.
Viavi Solutions Inc. (VIAV) has expanded its NITRO Mobile assurance portfolio by introducing two new solutions: GEOperformance 5G and Coverage Assurance 5G. These tools provide operators with enhanced visibility into 5G coverage and subscriber experiences, facilitating improved network planning and performance engineering. GEOperformance 5G supports multi-technology network optimization, while Coverage Assurance 5G focuses on subscriber-centric quality of experience. Both solutions are part of the NITRO intelligence platform and aim to help mobile operators drive new revenue streams by accessing vertical markets.
Viavi Solutions (VIAV) announced a licensing agreement with OPTRONTEC, a South Korean manufacturer specializing in optical filters and assemblies, for the use of its patented 3D sensing technology. This collaboration highlights Viavi's expertise in thin film optical coatings aimed at enhancing 3D sensing applications. The partnership aims to expand market reach for 3D sensing in consumer electronics. Key executives emphasized the importance of this agreement in driving growth within the optical filter sector, although specific terms of the agreement remain confidential.
Viavi Solutions Inc. (VIAV) announced on June 16, 2020, that its TeraVM 5G virtualized testing solution now supports load testing of the Open Central Unit (O-CU) as per O-RAN specifications. This enhancement follows the March 2020 launch of its Test Suite for O-RAN Specifications, which is already utilized by Tier-1 operators. The TeraVM F1 Load Generator can emulate high data rates and numerous devices, ensuring interoperability and optimal performance of 5G elements. VIAVI emphasizes the critical need for standards-compliant testing in accelerating the industry's roadmap to 5G open RAN.
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