Viavi Solutions Inc Stock Price, News & Analysis

Viavi Solutions Inc. (VIAV) announced a collaboration with Ericsson to integrate its geolocation capabilities into the newly launched Ericsson Intelligent Automation Platform. This partnership positions VIAVI as a key independent software vendor contributing to Ericsson's service management and orchestration (SMO) platform. The NITRO Mobility geolocation capability will be available as a modular application (rApp), enhancing network intelligence and efficiency. This innovation aims to support operators in automating both 4G and 5G networks and is already deployed by several Tier 1 operators globally.

Viavi Solutions Inc. (VIAV) announced a partnership with XL Axiata, Indonesia's top converged network operator, to enhance their fiber network using the ONMSi Optical Network Management System. This technology provides remote testing and monitoring, ensuring optimal performance and minimizing downtime. As XL Axiata prepares for 5G deployment, Viavi's solutions will help identify and rectify fiber issues, thus improving service quality and customer experience. This collaboration further solidifies Viavi's relationship with the Axiata group and supports XL Axiata's advanced infrastructure goals.

Viavi Solutions Inc. (VIAV) announced the launch of Observer 3D v18.6, enhancing its network performance and monitoring platform for comprehensive three-dimensional network observability. The upgrade includes Observer Apex with GigaTest functionality, providing visibility across various environments, data sources, and deployment scales. The 2021 State of the Network survey indicates increasing cloud adoption, prompting enterprises to invest in improved technologies. The platform offers enhanced monitoring and analytics capabilities tailored for remote users and cloud applications.

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.