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.
News and filings describe Viavi Solutions Inc. (NASDAQ: VIAV) as a global provider of network test, monitoring and assurance solutions and a developer of light management technologies for 3D sensing, anti-counterfeiting and other optical applications. The VIAV news stream highlights how the company’s technologies support telecommunications, cloud, enterprises, first responders, military, aerospace and railway organizations.
On this page, readers can follow VIAV news related to earnings announcements, product introductions, partnerships and capital structure updates. Recent releases include schedules and results for fiscal quarters, details of a share exchange for convertible senior notes, and commentary on demand trends from the data center ecosystem and aerospace and defense customers. They also cover the closing of the acquisition of Spirent Communications plc’s high-speed ethernet, network security and channel emulation testing business.
Product and technology news includes enhancements to the XEdge edge monitoring and assurance platform for private 4G, 5G and Wi‑Fi networks, the integration of RF Viewer augmented reality into the OneAdvisor 800 Wireless test platform, and the launch of a hollow core fiber bidirectional testing and certification solution hosted on the OneAdvisor 800 Fiber platform. Additional stories describe Open RAN pre‑certification testbeds developed with Calnex, the T/Rx Software‑Defined Transceiver System for electronic warfare environments, and a partnership with QNu Labs to advance quantum‑safe network security.
Investors and industry observers can use this VIAV news page to review how the company communicates its financial performance, network and optical technology roadmap, strategic partnerships and acquisitions over time.
Viavi Solutions (VIAV) announced that Openreach, the UK's largest digital infrastructure firm, has selected its Optical Network Monitoring System (ONMSi) to enhance Full Fibre broadband deployment. This collaboration aims to improve network quality and customer experience while minimizing costly engineering visits. Openreach targets 20 million homes with fiber-to-the-premises by the late 2020s and is currently passing 42,000 premises weekly. The ONMSi platform is expected to drive efficiencies, ensuring high-quality network builds.
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Viavi Solutions (NASDAQ: VIAV) will participate in the Morgan Stanley TMT Investor Conference on March 1, 2021. The event will feature a fireside chat with President and CEO Oleg Khaykin from 9:30 AM to 10:00 AM PT (12:30 PM to 1:00 PM ET). A live webcast will be available on the company’s website under the Events and Presentations section. Viavi Solutions specializes in network test, monitoring, and assurance solutions across various sectors, including telecommunications and defense.
Viavi Solutions Inc. (NASDAQ: VIAV) announced the appointment of Henk Derksen as Executive Vice President and Chief Financial Officer, effective March 15, 2021. Derksen, previously with Belden Inc., brings extensive financial and international management expertise to Viavi. He will oversee the global finance organization and contribute to the company's growth strategy and capital allocation, aimed at enhancing shareholder value. President Oleg Khaykin expressed excitement over Derksen's arrival, highlighting the importance of his experience in achieving operational leverage and scaling the business.
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.