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. (VIAV) has announced new enhancements to its Xgig 5P16 platform, enabling multi-user functionality and analyzer bifurcation for PCIe 5.0 testing. These updates allow multiple users to conduct simultaneous protocol analysis, expediting time-to-market and reducing total cost of ownership for product development. Marvell, an early adopter, recognizes the platform's value in streamlining testing processes. The multifunctional design integrates various testing capabilities, enhancing operational efficiency and reducing equipment costs, thus providing a competitive edge in the market.
Viavi Solutions (NASDAQ: VIAV) has partnered with Capgemini to enhance 5G and O-RAN lab testing capabilities in Portugal through their O-RAN Lab as a Service (LaaS). This collaboration aims to address growing demands for 5G validation, ensuring that open networks deliver performance comparable to traditional networks. Both companies focus on network integration and offer solutions that encompass the entire network lifecycle, enhancing end-user experience. This partnership reinforces Viavi's leadership in testing open RAN architectures, tailored to meet customer needs.
Viavi Solutions (VIAV) announced the launch of the ONT 800G FLEX XPM Module, the first lab validation system to support both OSFP800 and QSFP-DD800 testing. This innovation aims to enhance 800G network infrastructure production amid rising demand for high-speed networking. The module offers comprehensive testing capabilities crucial for the development of optical communications technology, ensuring error-free performance and interoperability. Vice President Tom Fawcett emphasized that this advancement helps manufacturers expedite bringing new 800G network equipment to market.
Viavi Solutions (VIAV) released its annual Corporate Social Responsibility Report, highlighting its dedication to diversity, equity, and inclusion (DEI), alongside robust environmental, social, and governance (ESG) practices. The report details initiatives targeting climate change, with a one-third reduction in carbon footprint over five years. VIAVI also implemented a Global Human and Labor Rights Policy, expanded disaster relief for employees impacted by COVID-19, and appointed more women to its Board, achieving 44% female representation. The company remains focused on sustainable practices to boost operational success.
Viavi Solutions Inc. (VIAVI) announced that Vodafone Portugal has deployed its NITRO GEO platform, enhancing customer experience and handling data in a GDPR-compliant manner. This app-aware intelligence platform allows Vodafone to analyze subscriber complaints effectively. By automating service quality assurance based on geographic location, NITRO GEO provides near real-time analytics to optimize customer experience. The partnership showcases VIAVI's expertise in network intelligence, significantly benefiting Vodafone's network operations.
Viavi Solutions Inc. (VIAV) has been recognized as a Value Leader in the inaugural EMA Network Performance Management Radar report. The report evaluates 15 vendors on deployment efficiency, cost, and product strength. VIAVI's Observer platform is noted for its robust analytics capabilities and its ability to provide application insights. The platform aids technicians in troubleshooting and provides high-fidelity forensics through fast packet capture and enhanced data analysis. This recognition comes amidst increasing demands for effective network management in a rapidly evolving IT landscape.
Viavi Solutions (VIAV) announced a collaboration with Picocom to provide testing solutions for Open RAN base station components, essential for 5G networks. The partnership leverages Viavi's TM500 network tester, used globally, to validate performance in small cell networks compliant with O-RAN standards. This collaboration aims to meet diverse industry needs through effective testing and validation, advancing the adoption of Open RAN technology. Both companies emphasize the importance of interoperability testing and performance validation in driving market adoption.
VIAVI reported its fourth fiscal quarter results with net revenue of $310.9 million, a 16.6% increase from last year. Despite a GAAP EPS loss of $(0.01), non-GAAP EPS rose 22.2% to $0.22. For fiscal 2021, net revenue reached $1.2 billion, up 5.5% year-over-year. The GAAP operating margin was 11.9%, a 150 bps improvement. The company anticipates a strong 2022, driven by 5G deployment and Fiber upgrades, projecting first-quarter revenues between $303 million and $317 million.
VIAVI Solutions thanks EXFO minority shareholders for their support of a superior acquisition proposal at US$8.00 per share, urging rejection of Germain Lamonde's inferior US$6.00 going private offer. Shareholders are encouraged to exercise dissent rights for fair value and contest the fairness of the transaction at a hearing on August 20, 2021. Prior to the announcement on June 7, 2021, EXFO shares traded at US$3.70, indicating potential loss if Lamonde's offer proceeds. VIAVI emphasizes the need for the EXFO Special Committee to act in the best interests of all shareholders.
Viavi Solutions Inc. expressed disappointment over the rejection of its increased acquisition offer of US$8.00 per share for EXFO Inc. by Germain Lamonde and the EXFO Special Committee. This offer represents a premium of 116% over EXFO’s previous closing price before the going private announcement. Viavi criticizes Lamonde's US$6.00 per share proposal as inadequate and claims that it deprives minority shareholders of greater value. Viavi urges the EXFO Special Committee to fulfill its fiduciary duty and consider a deal that maximizes shareholder value.