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 reported a net revenue of $310.2 million for Q1 fiscal 2023, reflecting a 5.1% decline year-over-year. Despite the revenue drop, GAAP EPS surged 158.3% to $0.14, compared to a loss of $0.24 in Q1 2022. Non-GAAP EPS decreased 4.2% to $0.23. The operating margin improved to 16.1%, marking a 170 basis points increase year-over-year. Net income was $32.6 million. Looking ahead, the company forecasts Q2 net revenue between $261 million and $281 million with non-GAAP EPS between $0.10 and $0.12.
Viavi Solutions Inc. (NASDAQ: VIAV) will release its fiscal Q1 2023 financial results on November 3, 2022, after market close. The earnings call is scheduled for 1:30 PM PDT (4:30 PM EDT) and will be accessible via webcast on the VIAVI website. Investors can participate by calling the toll-free number (888) 330-2384. This announcement follows the period ended October 1, 2022. Additional resources, including the earnings press release and financial tables, will be available online for stakeholders.
VIAVI Solutions Inc. (NASDAQ: VIAV) announced the acquisition of Jackson Labs Technologies, a leader in Position, Navigation and Timing (PNT) solutions. This strategic move enhances VIAVI's offerings in military and civilian applications, complementing their timing and synchronization portfolio. Jackson Labs' advanced technology is poised to meet the growing PNT requirements in defense, telecommunications, and transportation sectors. This acquisition is expected to expand Jackson Labs' global reach while improving operational scale for VIAVI.
Viavi Solutions (NASDAQ: VIAV) is presenting cutting-edge testing solutions at ECOC 2022 in Basel, Switzerland, focusing on advances in Optical Transport Networks (OTN). The company is highlighting its ONT-800 platform that supports OTN standards up to 400 Gbps, enhancing network capacity management. Additionally, VIAVI is involved in a multi-vendor OIF interoperability event, showcasing its technology's readiness for widescale deployment.
Viavi Solutions Inc. (NASDAQ: VIAV) announced a new stock repurchase program of up to $300 million, effective October 1, 2022, replacing the previous $200 million program. This initiative allows for share repurchase through various methods and aligns with favorable market conditions. Additionally, VIAVI reconfirmed its guidance for the first fiscal quarter of 2023, estimating revenue between $317 million and $331 million, with a non-GAAP EPS target of $0.22 to $0.24.
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.