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.
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Viavi Solutions Inc. (NASDAQ: VIAV) will report its fiscal fourth quarter and year-end 2022 financial results on August 11, 2022, 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 on the VIAVI website. Interested parties can join by telephone or listen to the replay available until August 18, 2022. More details about the earnings press release and supplementary materials will be posted on the company's 'Quarterly Results' section.
Viavi Solutions Inc. (VIAV) participated in the O-RAN PlugFest organized by the O-RAN ALLIANCE, showcasing its role in validating and benchmarking O-RAN technologies across various global locations in May and June 2022. Key highlights included demonstrated interoperability in multi-vendor environments and performance testing of Open Radio Units. Dr. Ian Wong remarked on the maturity of the O-RAN ecosystem, noting advancements in security and AI/ML-driven network optimization. VIAVI's comprehensive test suite supports extensive testing capabilities for all components of O-RAN networks.
Viavi Solutions (VIAV) announced support for NTT DOCOMO’s 5G Open RAN Ecosystem (OREC), enhancing global connectivity. NTT DOCOMO has utilized Viavi's TM500 Network Tester for comprehensive testing since 3G to 5G. The OREC initiative, which launched in 2021, has expanded to 13 partners, aiming to facilitate remote access for international mobile operators to validate virtualized RAN technology. Viavi's test suite ensures robust end-to-end testing to meet diverse operational requirements.
Viavi Solutions Inc. (NASDAQ: VIAV) will participate in the upcoming Rosenblatt Securities Technology Summit, a virtual conference scheduled for June 10, 2022, from 1:00 PM to 1:45 PM ET. CFO Henk Derksen will represent the company. Investors can view the live webcast and replay on the company’s website under the 'Events and Presentations' section. Viavi specializes in network test, monitoring, and assurance solutions and is a leader in light management solutions for various industries including automotive and defense.
Viavi Solutions (NASDAQ: VIAV) launched the ApexNow application, enhancing integration with ServiceNow ITOM. This app allows IT teams to access the patented End User Experience scoring model, accelerating problem resolution across various domains. The platform addresses the challenges of remote work and skills gaps in IT operations. The collaboration is aimed at improving efficiency for enterprises managing network complexity and security threats. The ApexNow app can be accessed via the ServiceNow Store, signifying a significant step in Viavi's ongoing partnership with ServiceNow.
Viavi Solutions Inc. (VIAV) received IATF 16949:2016 certification for its optical filters produced at the Suzhou, China facility, marking a significant achievement in automotive quality standards. This certification underscores Viavi's commitment to supporting Tier 1 automotive suppliers, having produced over 200 million optical filters since 2012 for automotive LiDAR applications. The filters enhance LiDAR systems' signal-to-noise ratio by up to 150%, which is vital for improving safety in autonomous and semi-autonomous vehicles.
Viavi Solutions (NASDAQ: VIAV) has been selected by Open Fiber to provide a centralized optical test solution as part of Open Fiber's initiative to achieve full ultra-broadband coverage in Italy. The initiative aims to serve around 24 million households, facilitating high-speed connectivity through a €15 billion investment, including a €7.2 billion loan. Viavi's Optical Network Measurement System (ONMSi) will streamline network management and support quality assurance throughout the deployment lifecycle, enhancing efficiency and reducing activation times.
VIAVI reported third quarter results for fiscal 2022, achieving net revenue of $315.5 million, a 4.0% increase from the previous year. GAAP operating margin rose to 12.9%, while non-GAAP EPS saw a significant lift to $0.22, up 22.2% year-over-year. The company exceeded revenue guidance of $301 to $315 million. Management anticipates sustaining revenue growth through fiscal 2022, having redeemed $50 million in convertible notes, improving financial flexibility.
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VIAVI Solutions (NASDAQ: VIAV) has launched the ALT-9000, a universal radio altimeter (RADALT) flight line test set. This innovative product enhances testing capabilities for modern RADALTs with complex waveforms, crucial for aviation safety and security. The ALT-9000 employs fiber optic delay in traditional RF testing, making it compatible with all RADALT types on the market. With increased demand for safety in aviation post-pandemic, the ALT-9000 aims to support aircraft operators and manufacturers in efficient system testing, thereby reducing costs and operational disruptions.