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Viavi Solutions Inc. (VIAV) delivers essential network test, measurement solutions and optical technologies powering modern communications infrastructure. This dedicated news hub provides investors and technology professionals with authoritative updates on Viavi's innovations in network assurance, fiber sensing, and anti-counterfeiting solutions.
Access real-time announcements including earnings reports, product launches, and strategic partnerships shaping next-generation networks. Our curated feed features Viavi's advancements in Open RAN testing methodologies, optical coating developments, and critical infrastructure monitoring solutions serving telecom operators and government agencies.
Bookmark this page for verified updates on Viavi's role in enabling 5G deployments, cloud network optimization, and mission-critical optical systems. Discover how their testing platforms ensure network interoperability while maintaining compliance with global industry standards.
On February 17, 2021, Viavi Solutions Inc. (VIAV) released updates to its industry-first Test Suite for O-RAN Specifications. This suite enhances use cases critical for the scaling of open radio access networks (O-RAN), which aim to lower infrastructure costs and foster innovation. VIAVI's comprehensive test platform supports operators in ensuring conformance, interoperability, and performance in a multi-vendor environment. Key updates include O-RAN subsystem testing, transport network verification, and operational assurance. VIAVI will showcase these innovations at MWC Shanghai, February 23-25, 2021.
VIAVI Solutions Inc. (VIAV) has announced plans to establish a new manufacturing facility in Chandler, Arizona, in response to growing demand for its Optical Security and Performance Products (OSP). The company will also transition its headquarters to this location, creating at least 100 jobs by 2022. VIAVI generated $1.14 billion in revenue in fiscal year 2020 and operates globally in various markets, including telecommunications and 3D sensing technologies. Arizona's business-friendly environment and talent pool were key factors in this decision.
VIAVI reported second fiscal quarter results for 2021, with net revenue of $299.9 million, a 5.3% increase quarter-over-quarter but a 4.4% decline year-over-year. GAAP net income was $21.9 million ($0.09 per share), while non-GAAP net income reached $52.1 million ($0.23 per share). The Optical Security and Performance segment experienced stronger demand, particularly from Anti-Counterfeiting and 3D Sensing products. The company projects continued demand growth and anticipates Q3 revenues of $280 million to $300 million.
Viavi Solutions Inc. (VIAV) released findings from its "2021 Network Test Survey," indicating key trends in network testing among communications service providers. Notably, 78% of respondents emphasized virtualization, while 70% cited automation and network slicing as critical technology trends. The pandemic significantly influenced testing practices, with 85% of service providers reducing in-person technician visits. Additionally, 93% believe testing enhances customer satisfaction. The report reveals that most CSPs prioritize network performance to improve user experience, aligning with the ongoing shift towards advanced testing solutions.
Viavi Solutions Inc. (VIAV) announced collaboration with Mavenir to validate radio access solutions in the U.S. Their lab platform is utilized globally, measuring network performance across various technologies. The partnership aims to enhance 5G capabilities, which saw a subscriber base of 229 million in December 2020, highlighting its rapid growth. With the expansion of mobile networks, VIAVI's testing tools simulate real-world conditions, crucial for network operators adapting to new technologies.
On January 12, 2021, Viavi Solutions (VIAV) recognized Tokyo Denki Sangyo (TDS) and Butler Technologies as winners of its 2020 Velocity Partner Program Pinnacle Award. The award honors top-performing channel partners based on financial performance. TDS, a long-term partner in Japan, has enhanced brand awareness and sales through collaboration with VIAVI, while Butler Technologies, also a repeat winner, expanded into new markets including the U.K. and U.S. Both companies showcased sustained growth and commitment to delivering innovative solutions in their respective regions.
Viavi Solutions Inc. (NASDAQ: VIAV) will release its fiscal second quarter 2021 financial results for the period ending January 2, 2021, on February 2, 2021, after market close. An earnings call will occur at 1:30 PM PDT/4:30 PM EDT, with a live webcast available on the VIAVI website. Participants can join by phone, with details provided for toll-free and international access. Historical financial data will be posted online. VIAVI specializes in network test and monitoring solutions for various sectors, ensuring clients can optimize their network performance.
VIAVI Solutions (VIAV) announced its acceptance into the ServiceNow Technology Partner Program on December 16, 2020. This membership allows VIAVI to integrate its advanced monitoring and assurance solutions into ServiceNow's service management platforms for communication service providers and enterprises. The collaboration aims to enhance digital transformations, focusing on 5G, broadband, and cloud networks. Paul McNab, Chief Marketing & Strategy Officer, emphasized the need for optimized service experiences amid evolving network technologies.
Viavi Solutions (VIAV) announced a licensing agreement with Viko Optics Technical Co., Ltd. for the use of its patented low angle shift (LAS) filters in 3D sensing technology. This partnership highlights Viavi's leadership in creating advanced optical filters crucial for gesture-recognition systems, which utilize near-infrared light. The CEO of Viavi emphasized the company's innovative optical design and global manufacturing capabilities. The terms of the agreement remain confidential.
VIAVI Solutions Inc. (NASDAQ: VIAV) will take part in several upcoming virtual investor conferences. Oleg Khaykin, CEO, will speak at three events: MKM Partners Investor Conference on December 15, 2020, 3:10 PM ET; Needham Growth Conference on January 11, 2021, 3:30 PM ET; and J.P. Morgan Tech/Auto Forum on January 12, 2021, 9:00 AM PT. Investors can access live webcasts and replays on the VIAVI website under the 'Events and Presentations' section.
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