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.
News and filings describe Viavi Solutions Inc. (NASDAQ: VIAV) as a global provider of network test, monitoring and assurance solutions and a developer of light management technologies for 3D sensing, anti-counterfeiting and other optical applications. The VIAV news stream highlights how the company’s technologies support telecommunications, cloud, enterprises, first responders, military, aerospace and railway organizations.
On this page, readers can follow VIAV news related to earnings announcements, product introductions, partnerships and capital structure updates. Recent releases include schedules and results for fiscal quarters, details of a share exchange for convertible senior notes, and commentary on demand trends from the data center ecosystem and aerospace and defense customers. They also cover the closing of the acquisition of Spirent Communications plc’s high-speed ethernet, network security and channel emulation testing business.
Product and technology news includes enhancements to the XEdge edge monitoring and assurance platform for private 4G, 5G and Wi‑Fi networks, the integration of RF Viewer augmented reality into the OneAdvisor 800 Wireless test platform, and the launch of a hollow core fiber bidirectional testing and certification solution hosted on the OneAdvisor 800 Fiber platform. Additional stories describe Open RAN pre‑certification testbeds developed with Calnex, the T/Rx Software‑Defined Transceiver System for electronic warfare environments, and a partnership with QNu Labs to advance quantum‑safe network security.
Investors and industry observers can use this VIAV news page to review how the company communicates its financial performance, network and optical technology roadmap, strategic partnerships and acquisitions over time.
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.
Summary not available.
Summary not available.
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.
VIAVI reported its second quarter fiscal 2023 results, with net revenue of $284.5 million, a decline of 9.6% year-over-year. GAAP net income was $8.4 million or $0.04 per share, down 71.4% from the prior year. Non-GAAP EPS also fell to $0.14, a 41.7% decrease. Despite a strong cash flow generation exceeding $70 million in the first half, the company initiated a restructuring plan affecting 5% of its workforce with estimated charges of $15 million. For Q3 2023, the company forecasts revenues between $256 million and $276 million with non-GAAP EPS of $0.10 to $0.12.
VIAVI Solutions Inc. (NASDAQ: VIAV) is set to disclose its fiscal second quarter 2023 financial results for the period ending December 31, 2022, on February 2, 2023, after market close. An earnings call will take place at 1:30 PM PT, where the results will be discussed. Investors can access the live webcast via the VIAVI investor relations website. The quarterly earnings press release, supplementary slides, and historical financial tables will be made available in the "Quarterly Results" section of their website.