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 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.
Viavi Solutions Inc. (VIAV) announced its participation in the Fall 2022 O-RAN PlugFest, organized by the O-RAN ALLIANCE, showcasing its technology's growing acceptance in the industry. This event involved extensive testing across multiple countries and included contributions from major vendors like Nokia. The PlugFest enabled benchmarking, validation, and testing of O-RAN specifications, emphasizing interoperability and performance. Viavi's test suite supports comprehensive testing for O-RAN networks, facilitating the commercialization of O-RAN technology.
VIAVI Solutions (NASDAQ: VIAV) has published its 15th consecutive State of the Network survey, emphasizing that 70% of IT teams prioritize end-user experience. Despite this focus, challenges such as network visibility and problem domain isolation persist, particularly with the growing demand for bandwidth. Key findings indicate that 57% of organizations plan to adopt 800Gb connectivity by 2024, while 49% of IT teams dedicate significant time to troubleshooting Unified Communications and Collaboration (UCC) issues. Most organizations believe the benefits of cloud modernization outweigh its costs.
On November 17, 2022, Viavi Solutions (NASDAQ: VIAV) announced the opening of a new production facility in Chandler, Arizona. This facility enhances U.S. manufacturing capacity and reinforces the company's local presence, following its global headquarters move. The facility has an initial capital investment of nearly $100 million and is projected to contribute $50 million in payroll taxes. Viavi reported $1.3 billion in revenue for FY 2022 and aims to expand its capabilities in optical technologies.
Viavi Solutions (VIAV) announced a partnership with VMware on Nov. 9, 2022, to establish a Testbed as a Service for RAN Intelligent Controller (RIC) testing. This collaboration aims to standardize frameworks and metrics, facilitating mobile operators' adoption of Open RAN. The RIC will optimize resources through analytic processing, helping to reduce costs and introduce new services. Viavi, a leader in Open RAN testing, will support operators in validating solutions, expediting their transition to production environments.