Viavi Solutions Inc - VIAV STOCK NEWS

VIAVI (NASDAQ: VIAV) reported a strong Q1 for fiscal 2022, with net revenue of $326.8 million, reflecting a 14.8% year-over-year increase. However, GAAP EPS fell to $(0.24), down 400% from the previous year. Non-GAAP EPS increased by 14.3% to $0.24. The company achieved a GAAP operating margin of 14.4% and a non-GAAP margin of 22.7% due to strong demand in Fiber, Wireless, and Cable sectors.

VIAVI projects second-quarter revenue between $296 million and $310 million, with non-GAAP EPS expected between $0.18 and $0.20.

On Nov. 2, 2021, Viavi Solutions (NASDAQ: VIAV) introduced the MicroNIR PAT-L and PAT-Lx near-infrared spectrometers designed for in-line liquid process monitoring. These spectrometers enhance the MicroNIR product line by offering unique features such as no fiber optics, zero maintenance requirements, fast acquisition times of under one second, and a lower total cost of ownership. The PAT-L is suitable for ordinary locations while the PAT-Lx meets hazardous location certifications. This product launch aims to meet the increasing demand for quality control across various sectors including pharmaceuticals and food production.

Viavi Solutions Inc. (VIAV) announced an upgrade to its OneAdvisor-800 all-in-one cell site tool, now featuring the O-DU Emulation application for verifying field deployment of O-RAN radios. This enhancement supports mobile service providers in deploying 5G networks more efficiently by simplifying installation and reducing costs. The OneAdvisor-800 integrates multiple testing functionalities, eliminating the need for separate tools, thereby streamlining operations. Viavi aims to help clients accelerate time to market with comprehensive testing and automation capabilities.

Viavi Solutions (NASDAQ: VIAV) has announced it will release its fiscal first quarter 2022 financial results on November 4, 2021, 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. Investors are invited to participate in the call using provided dial-in options. The necessary documents, including the press release and supplementary materials, will be available on the VIAVI investor website.

Viavi Solutions Inc. (VIAV) announced that its Xgig Exerciser has been approved by PCI-SIG for the PCI Express 4.0 compliance program, marking a significant advancement in their protocol analysis capabilities. This approval allows manufacturers to utilize the Xgig platform for compliance testing at PCI-SIG workshops, streamlining the process for products to be added to the Integrators List. The Xgig 5P16 system offers multifunctional capabilities, including Analyzer and Jammer functions, enhancing productivity and reducing time-to-market.

Viavi Solutions Inc. (NASDAQ: VIAV) has successfully closed a private offering of $400 million in senior unsecured notes with a 3.750% interest rate due in 2029. The net proceeds are estimated at $393 million after expenses and will be used for general corporate purposes, including reducing existing debt. CEO Oleg Khaykin highlighted that this issuance optimizes Viavi's capital structure and provides financial flexibility for future growth. The notes will not be registered under the Securities Act and cannot be sold in the U.S. without registration.

Viavi Solutions Inc. (VIAV) has launched the CX300 ComXpert, a field-portable communications test solution designed for radio and broadband network infrastructure testing. The CX300 is the first LTE-ready radio test set that caters to the transition from analog to digital in public safety radio. Showcasing an extensive frequency range up to 6 GHz, it includes advanced testing applications and a user-friendly interface. The CX300 will be featured at the International Wireless Communications Expo 2021 on September 29-30, enhancing the performance of radio systems for technicians.

Viavi Solutions Inc. (NASDAQ: VIAV) has priced $400 million of 3.750% senior unsecured notes due 2029 in a private offering. The notes will pay interest semi-annually starting April 1, 2022, and will mature on October 1, 2029. Net proceeds from the offering are estimated at $393 million after expenses. The notes are not registered under the Securities Act and are only available to qualified institutional buyers. The issuance is expected to close on September 29, 2021.

Viavi Solutions Inc. (NASDAQ: VIAV) announced a private offering of $400 million in senior unsecured notes due 2029, aimed at qualified institutional buyers. The notes will be unregistered and guaranteed by certain domestic restricted subsidiaries. Proceeds will be used for general corporate purposes and transaction-related expenses. The interest rate and terms will be set upon pricing, with the offering dependent on market conditions. This is not an offer to sell securities in the U.S.