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.
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Viavi Solutions Inc. (NASDAQ: VIAV) introduced the new PSD90-3 fuel quantity test set at the AEA 2023 conference on April 24, 2023. This advanced device aids in testing, troubleshooting, and calibrating fuel systems, specifically addressing probe contamination from particulates and moisture which can lead to inaccurate fuel level indications. The PSD90-3 features automatic detection of contaminated fuel probes, providing users with both Auto and Manual detection methods. This innovative tool replaces several older models, enhancing the reliability of fuel quantity systems used in both commercial and military aircraft worldwide. With over 30 years of experience in supporting aircraft platforms, VIAVI continues to evolve its testing solutions to meet industry needs.
Viavi Solutions Inc. (NASDAQ: VIAV) announced the launch of advanced performance testing for Secure Access Service Edge (SASE) networks through its TeraVM SASE Test platform. This virtualized solution emulates large-scale traffic to measure performance across various vectors, helping clients meet Service Level Agreements (SLAs) by identifying and resolving performance, security, or access issues. The TeraVM SASE Test will be showcased at the RSA Conference 2023, held from April 24-27 in San Francisco. The demand for SASE networks is increasing as businesses adapt to hybrid work environments and cloud services, with Gartner predicting that 40% of enterprises will adopt explicit SASE strategies by 2024. This innovation reflects Viavi's commitment to delivering reliable and secure user experiences in evolving IT landscapes.
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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.