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. reports developments in test, monitoring, assurance and optical technologies used across communications networks, data center ecosystems, aerospace, defense, industrial and automotive markets. Company updates commonly cover quarterly results, demand trends in data center and aerospace and defense end markets, and product launches for network validation, application performance testing, optical communications and resilient position, navigation and timing.
Recurring product news includes CyberFlood security and application performance appliances, Xgig protocol analysis tools for PCIe ecosystems, OneAdvisor transport validation platforms, Observer NetSecOps forensics, Secure µPNT timing receivers, and Inertial Labs geospatial and 3D modeling products such as PCMasterPro and RESEPI.
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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