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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 introduced its altGNSSSM GEO SecureTimeSM services, offering nanosecond-accurate UTC timing via L-Band and Ku-Band satellite signals. This service targets critical infrastructure sectors like 5G networks, transportation, data centers, smart grids, military, and first responder communications. Unlike traditional GPS and GNSS, VIAVI’s solution is independent and difficult to jam or spoof, providing robust global coverage. It includes Navigation Message Authentication to detect signal spoofing and has been proven in live-sky battlefield scenarios. VIAVI will integrate these services into its products and offer receivers for third-party solutions, with demonstrations at upcoming industry conferences.
Rohde & Schwarz and Viavi Solutions have announced an expanded partnership focused on wireless lab test solutions tailored for Open RAN and Non-Terrestrial Networks (NTN). This collaboration aims to address critical 3GPP and O-RAN specifications, providing compact, flexible solutions.
Key highlights include automated testbeds for O-RU energy efficiency and scalable test solutions for R&D. Additionally, the partnership introduces an NTN digital twin testbed for satellite network performance evaluation.
These solutions are designed to enhance energy efficiency, test scalability, and performance validation, supporting the growing demands of network infrastructure and emerging satellite applications.
Viavi Solutions Inc. (VIAVI) introduces SecurePNT™ 6200 with SecureTimeSM services, a resilient timing clock solution enhancing positioning, navigation, and timing (PNT) for critical infrastructure operations globally. The addition of Fugro AtomiChron® timing service combines signals from multiple GPS and GNSS constellations for enhanced security. VIAVI's portfolio offers redundant timing and location security for civilian and military applications, meeting evolving government standards. Partnering with Fugro strengthens VIAVI's PNT solutions, addressing the increasing threats to critical infrastructure.
VIAVI reported third-quarter fiscal 2024 results with a net revenue of $246.0 million, down 0.7% year-over-year. GAAP operating margin decreased by 400 bps to (4.8%). Non-GAAP operating margin was down 210 bps to 9.3%. GAAP diluted EPS dropped 57.1% to $(0.11), while Non-GAAP diluted EPS fell 25.0% to $0.06. The company highlighted challenges in the service providers and enterprise customer segments affecting revenue and EPS.
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