Viavi Solutions Inc Stock Price, News & Analysis

Viavi Solutions Inc. (NASDAQ: VIAV) announced preliminary financial results for the fiscal third quarter ending April 1, 2023. Revenue is projected between $246 million and $248 million, a decline from previous guidance of $256 million to $276 million. This decrease is largely attributed to a significant pullback in demand for Lab products within the NSE segment. The anticipated non-GAAP operating margin is also expected to fall between 10.5% and 11.5%, down from the previously forecasted range of 13.0% to 14.2%. CEO Oleg Khaykin noted a marked conservatism in R&D spending among network equipment manufacturers and semiconductor companies.

Despite these challenges, the rest of the NSE business met expectations, and cost reduction measures are on track.

Viavi Solutions Inc. (NASDAQ: VIAV) announced that its AVX-10K Flight Line Test Set has been approved for use on all Boeing commercial aircraft, replacing the IFR4000 and IFR6000 models. This versatile device streamlines performance verification and troubleshooting of airborne systems, supporting maintenance needs with its intuitive design and comprehensive test capabilities. The AVX-10K combines multiple avionics tests into one unit, enhancing technician productivity and reducing ownership costs. VIAVI encourages interested facilities to access specification documents for the AVX-10K. This approval signifies an important milestone in further integrating VIAVI's solutions into the aviation market.

Viavi Solutions (NASDAQ: VIAV) has been selected by Auray to provide TM500 and TeraVM validation solutions for its new open testing and integration center (OTIC) and security lab in Kaohsiung City, Taiwan. This OTIC, the first approved by the O-RAN ALLIANCE in Taiwan, opens on March 9, 2023. The lab will utilize VIAVI's solutions for end-to-end testing and validation to assist vendors and operators in meeting O-RAN standards. VIAVI's comprehensive test suite is crucial for validating network products globally, ensuring high standards for O-RAN applications.

Viavi Solutions (NASDAQ: VIAV) announced new Ethernet testing solutions at OFC 2023, held from March 7-9 in San Diego. The company unveiled its High-Speed Ethernet (HSE) Platform, capable of testing devices up to 128 x 800G, enhancing its ONT-800 Platform. The new platform addresses the increasing demand for sophisticated testing due to Ethernet's rapid growth in bandwidth. Viavi also showcased its 800G Ethernet Technology Consortium (ETC) capability and introduced QSFP-DD800 Loopback Adapters for cost-effective testing. These advancements position Viavi as a leader in optical network testing.

Viavi Solutions Inc. (NASDAQ: VIAV) announced on March 1, 2023, that it will issue $250 million in new 1.625% Senior Convertible Notes due 2026. This includes $132 million from the exchange of existing 1.00% Senior Convertible Notes due 2024 and $118 million from cash subscriptions. After these transactions, approximately $96 million of the 2024 Notes will remain outstanding. The new notes will pay interest semi-annually and have a conversion price of about $13.19 per share, which is a 22.5% premium over the March 1 closing price of $10.77. The closing of these transactions is expected around March 6, 2023.

Viavi Solutions Inc. (NASDAQ: VIAV) has launched NITRO Discovery, a high-scale, low-latency solution for real-time discovery of network assets, available on the ServiceNow Store. This integration enhances the Telecommunications Network Inventory (TNI) Platform, allowing operators to maintain precise network inventory and topology, which is essential for AI/ML algorithms. NITRO Discovery is built upon Viavi's acquisition of CanGo Networks in June 2022. The solution supports multi-vendor environments and is designed to address visibility challenges in evolving network architectures. It will be showcased at MWC Barcelona from February 27 to March 2, 2023.

Viavi Solutions Inc. (VIAV) has launched the PNT-6200 Series Assured Reference, enhancing resilience in positioning, navigation, and timing (PNT). This solution, stemming from VIAVI's acquisition of Jackson Labs Technologies in November 2022, targets telecommunications, avionics, and military markets. The PNT-6200 aims to safeguard critical infrastructure from threats like GPS spoofing and jamming, providing various timing source integrations including Low Earth Orbit and atomic clock services. The product will debut at MWC Barcelona from February 27 to March 2, 2023.