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.
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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.
