Viavi Solutions Inc Stock Price, News & Analysis

On September 1, 2022, Viavi Solutions Inc. (NASDAQ: VIAV) released its 2022 Environmental, Social, and Governance (ESG) Report, detailing its sustainability efforts across global operations for fiscal 2022. Key highlights include a 42% reduction in CO₂ emissions since 2015, initiatives leading to significant energy savings, and a commitment to diversity in its workforce, comprising 3,600 employees from over 30 nationalities. The report aligns with TCFD recommendations, showcasing Viavi's dedication to long-term value creation through responsible business practices.

VIAVI Solutions (NASDAQ: VIAV) has been chosen by Kyrio, a subsidiary of CableLabs, to participate in the O-RAN Test and Integration Lab in Colorado. This makes VIAVI the only test and measurement company represented in all seven globally approved Open Testing and Integration Centres (OTICs). The lab aims to support vendors in validating O-RAN standards using VIAVI's advanced testing capabilities. With a comprehensive O-RAN test suite and a reputation within the global community, VIAVI is pivotal in facilitating O-RAN compliance and certification, enhancing market expansion opportunities.

Viavi Solutions (VIAV) announced its new 6G Forward program to support global academic and industry research aimed at advancing 6G technology. The initiative includes partnerships with three universities: Northeastern University, University of Texas at Austin, and University of Surrey. Through this program, VIAV provides expertise, technology, and funding for crucial research activities that may lead to breakthroughs in wireless communications. The collaboration aims to enhance the performance and efficiency of future networks.

VIAVI reported its fourth quarter fiscal 2022 results, achieving net revenue of $335.3 million, marking a 7.8% increase year-over-year. The GAAP operating margin was 14.3%, up 380 bps year-over-year, while GAAP EPS reached $0.07, a significant jump of 600%. For fiscal 2022, total net revenue was $1,292.4 million, reflecting a similar 7.8% increase year-over-year. The company expects Q1 fiscal 2023 net revenue between $317 million and $331 million, with non-GAAP EPS between $0.22 and $0.24.

Viavi Solutions (VIAV) announced the launch of Observer Apex and Observer Gigastor in the AWS Marketplace, enhancing service visibility and accelerating cloud deployments. The latest Observer update, Version 18.8, focuses on simplifying cloud monitoring with End-User Experience (EUE) scoring and problem domain isolation. These features allow IT teams to maintain service visibility during cloud migrations, ensuring fast troubleshooting across on-premises and cloud environments. The release responds to increasing demands for effective cloud service management as highlighted in a recent State of the Network survey.

Viavi Solutions Inc. (NASDAQ: VIAV) will report its fiscal fourth quarter and year-end 2022 financial results on August 11, 2022, after market close. The earnings call is scheduled for 1:30 PM PDT (4:30 PM EDT) and will be accessible via a live webcast on the VIAVI website. Interested parties can join by telephone or listen to the replay available until August 18, 2022. More details about the earnings press release and supplementary materials will be posted on the company's 'Quarterly Results' section.

Viavi Solutions Inc. (VIAV) participated in the O-RAN PlugFest organized by the O-RAN ALLIANCE, showcasing its role in validating and benchmarking O-RAN technologies across various global locations in May and June 2022. Key highlights included demonstrated interoperability in multi-vendor environments and performance testing of Open Radio Units. Dr. Ian Wong remarked on the maturity of the O-RAN ecosystem, noting advancements in security and AI/ML-driven network optimization. VIAVI's comprehensive test suite supports extensive testing capabilities for all components of O-RAN networks.

Viavi Solutions (VIAV) announced support for NTT DOCOMO’s 5G Open RAN Ecosystem (OREC), enhancing global connectivity. NTT DOCOMO has utilized Viavi's TM500 Network Tester for comprehensive testing since 3G to 5G. The OREC initiative, which launched in 2021, has expanded to 13 partners, aiming to facilitate remote access for international mobile operators to validate virtualized RAN technology. Viavi's test suite ensures robust end-to-end testing to meet diverse operational requirements.

Viavi Solutions Inc. (NASDAQ: VIAV) will participate in the upcoming Rosenblatt Securities Technology Summit, a virtual conference scheduled for June 10, 2022, from 1:00 PM to 1:45 PM ET. CFO Henk Derksen will represent the company. Investors can view the live webcast and replay on the company’s website under the 'Events and Presentations' section. Viavi specializes in network test, monitoring, and assurance solutions and is a leader in light management solutions for various industries including automotive and defense.