Viavi Solutions

Viavi Solutions, Inc. engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance. The Network Enablement segment offers an integrated portfolio of testing solutions that access the network to perform build-out and maintenance tasks. The Service Enablement segment covers solutions and services primarily for communication service providers, and enterprises that deliver and/or operate broadband and IP networks (fixed and mobile) supporting voice, video, and data services as well as a wide range of applications. The Optical Security and Performance segment leverages its core optical coating technologies and volume manufacturing capability to design, manufacture, and sell products targeting anti-counterfeiting, consumer and industrial, government, healthcare, and other markets. The company was founded in 1979 and is headquartered in Chandler, AZ.

Earnings data Q3 2021

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Viavi Solutions reports challenging Q3 earnings, anticipates recovery in Q4

Viavi Solutions faced a challenging quarter with declining revenue and EPS. However, the company implemented strategic measures and expects a better performance in fiscal Q4 2023. Challenges in the NSE segment were acknowledged, but recovery is anticipated in the near future.

Viavi Solutions beats revenue expectations, acquires Jackson Labs for growth

Viavi Solutions delivered strong revenue performance in Q2 2023, exceeding guidance despite challenges.
Operational efficiency and the acquisition of Jackson Labs highlight strategic positioning for future growth.
Challenges in NSE revenue and workforce restructuring require focused management attention.
Viavi's strong cash position and share repurchases reflect confidence in long-term prospects.

Viavi Solutions reports Q3 revenue decline, eyes NSE recovery

Viavi Solutions faced revenue decline and EPS reduction in Q3 2023, prompting a growth restructuring plan.
Challenges included macroeconomic headwinds impacting NSE segment and lab product weakness.
However, opportunities lie in the recovery of NSE business, positive outlook for avionics, and cable market growth.
Stabilization and potential recovery are seen in field instruments, indicating a mixed performance.

Viavi Solutions surpasses Q4 expectations, eyes growth amid challenges

Viavi Solutions delivered strong financial performance in Q4, exceeding revenue and EPS expectations, while showcasing operational improvements and cost-saving initiatives.
Despite challenges in OpEx expenses and uncertain recovery timelines, Viavi's strategic strengths lie in its stable balance sheet, strong business segments, and growth opportunities through M&A and market expansion.
The company's focus on efficiency, customer engagement, and innovation positions it well to navigate industry challenges and capitalize on emerging trends for sustained growth and profitability.

Viavi Solutions reports Q1 earnings below guidance, focuses on growth

Viavi Solutions reported Q1 2024 earnings slightly below guidance, with a 20.1% YoY revenue decline, but demonstrated strong cash flow and profit margins.
The company faces challenges in managing OSP revenue and operational efficiency but maintains a focus on addressing these issues.
Opportunities lie in potential revenue growth, product innovation, and strategic investments supported by a healthy cash balance and operational improvements.
Overall, Viavi Solutions shows resilience amidst challenges and aims for gradual recovery and sustainable growth in key product areas.

Viavi Solutions excels in Q2 earnings, eyes growth opportunities

Viavi Solutions delivered a strong Q2 performance, surpassing revenue and earnings expectations, driven by robust NSE revenue and operational efficiency.
While facing challenges in NE revenue decline and delayed spending, Viavi's strategic strengths in innovation and market positioning offer growth opportunities.
Management's confidence in the company's outlook, coupled with upcoming cable spend ramp and technological advancements, positions Viavi for future success.
Addressing challenges proactively, leveraging growth opportunities, and maintaining a focus on innovation will be key for Viavi's sustained growth and market leadership.

Viavi Solutions surpasses Q3 revenue expectations, eyes seasonal Q4 growth

Viavi Solutions' Q3 performance slightly exceeded expectations, with strength in OSP revenue growth. Challenges persist in NSE and SE revenue due to conservative spending. Management anticipates a seasonally stronger Q4 but acknowledges ongoing market challenges.

Viavi Solutions reports Q1 revenue below guidance, sees recovery ahead

Viavi Solutions faced revenue challenges in Q1 2025 but exceeded expectations in the OSP segment.
The company anticipates recovery in NSE and sees opportunities for growth in wireless and innovation.
Challenges include declining revenues in NSE and SE, with softer demand in certain product lines.
Viavi maintains a positive outlook for the future with expectations of revenue growth and margin improvement.

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EXFO

SCOTTSDALE, Ariz., July 26, 2021 /PRNewswire/ -- Viavi Solutions Inc. ("VIAVI") (NASDAQ: VIAV) is once again extremely disappointed that Germain Lamonde, EXFO Inc.'s (TSX: EXF) (NASDAQ: EXFO) ("EXFO") Chairman and majority shareholder, and the EXFO Special Committee have rejected our increased binding proposal (the "Binding Proposal") to acquire EXFO for US$8.00 in cash per share.

VIAVI Urges EXFO Special Committee to Uphold Their Fiduciary Duty to Maximize Value for All Shareholders

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Viavi Solutions Inc (NASDAQ: VIAV) increased the binding proposal to acquire EXFO Inc (NASDAQ: EXFO) from $7.50 to $8.00 per share.  The offer reflects EXFO's Q3 2021 financial results in which bookings rose 47.2% year-on-year to $87 million with a book-to-bill ratio at 1.20.

Viavi Raises EXFO Takeover Offer To $8 Per Share

QUEBEC CITY, July 20, 2021 /PRNewswire/ - Mr. Germain Lamonde today issued the following statement: Viavi Solutions Inc. (Viavi) made a fourth unsolicited, non-binding proposal to acquire EXFO Inc. (EXFO), and, for the fourth time, I make it crystal clear to Viavi and to my board of directors at EXFO that as controlling shareholder of EXFO, I would not consider any transaction with Viavi, or any other change of control transaction.

Germain Lamonde Rejects Fourth Unsolicited, Non-Binding Proposal From Viavi

VIAVI's Binding Proposal represents a 33 ⅓% or US$2.00 per share premium to the current Going Private Transaction SCOTTSDALE, Ariz., July 20, 2021 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced an increased binding proposal (the "Proposal") to acquire all of the outstanding subordinate voting shares and multiple voting shares of EXFO Inc. (TSX: EXF) (NASDAQ: EXFO) ("EXFO") from US$7.50 to US$8.00 in cash per share.

VIAVI Announces Increased Binding Proposal to Acquire EXFO at US$8.00 Per Share

SCOTTSDALE, Ariz., July 16, 2021 /PRNewswire/ -- (NASDAQ: VIAV) Viavi Solutions Inc. ("VIAVI") will announce its fiscal fourth quarter and year-end 2021 financial results for the period ended July 3, 2021, on Thursday, August 12, 2021, after the close of market.

VIAVI Announces Date for Fiscal Fourth Quarter and Year-End 2021 Financial Results

Viavi (VIAV) discloses significant figures related to the deployment and adoption of 5G technology across the globe in the latest edition of its "The State of 5G" report.

Viavi's (VIAV) Latest Report Shows Remarkable Rise in 5G Deployment

SCOTTSDALE, Ariz., June 28, 2021 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today released new research demonstrating the accelerating pace at which 5G is growing, with coverage extending to an additional four countries and 301 cities worldwide since the beginning of this year.

5G Service Now Reaches 1,662 Cities Worldwide, New VIAVI Report Reveals

Viavi Solutions Inc (NASDAQ: VIAV) launched the VIAVI AVX-10K Flight Line Test Set for comprehensive performance verification testing of critical airborne systems from a simple-to-use device. The AVX-10K helps avionics technicians maximize productivity and efficiency across fixed-base operators (FBOs), avionics, airframes manufacturing, maintenance, repair, and overhaul (MRO).

VIAVI Rolls Out Single Device Airborne System Testing

SCOTTSDALE, Ariz., June 23, 2021 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today introduced the VIAVI AVX-10K Flight Line Test Set, enabling comprehensive performance verification testing of critical airborne systems from a simple-to-use device.

VIAVI Enables Critical Airborne System Testing from a Single Device

SCOTTSDALE, Ariz., June 17, 2021 /PRNewswire/ -- (NASDAQ: VIAV) Viavi Solutions Inc. ("VIAVI") today issued the following statement: "We are extremely disappointed that, without engaging with us, Mr.

VIAVI Response to Statements made by Mr. Germaine Lamonde and the EXFO Board of Directors

Viavi's (VIAV) TMLite solution allows vendors to enhance engineering productivity and identify software errors through functional test tools.

Viavi (VIAV) Boosts 5G Network Test Capability With TMLite

QUÉBEC CITY, QC, June 16, 2021 /PRNewswire/ - As the controlling shareholder of EXFO Inc. (EXFO), I want to provide absolute clarity for stakeholders regarding my intentions in response to the recent unsolicited proposal to acquire EXFO by Viavi Solutions Inc. (Viavi) and any further proposal to be made by Viavi or any other third party. This is the third time that Viavi has made an offer to acquire EXFO, after its first and second attempts in November 2020 at a price of US$4.75 and in May 2021 at a price of US$5.25, respectively.

Statement From Germain Lamonde With Regard To The Unsolicited, Non-Binding Proposal From Viavi

Network test, measurement, and assurance technology company Viavi Solutions Inc (NASDAQ: VIAV) proposed to acquire telecom equipment company EXFO Inc's (NASDAQ: EXFO) outstanding subordinate voting shares and multiple voting shares at $7.50 per share. The proposal values EXFO at $430 million and represents a 103% premium on its June 4, 2021 closing price on the trading day before EXFO's going-private announcement.

Viavi Solutions Proposes To Acquire EXFO At $7.5/Share

SCOTTSDALE, Ariz., June 16, 2021 /PRNewswire/ -- (NASDAQ: VIAV) Viavi Solutions Inc. ("VIAVI") announced today that it has submitted a proposal (the "Proposal") to the board of directors of EXFO Inc. (TSX: EXF) (NASDAQ: EXFO) ("EXFO") to acquire all of the outstanding subordinate voting shares and multiple voting shares of EXFO at a price of US$7.50 (C$9.14 at yesterday's exchange rate) in cash per share.

VIAVI Announces Proposal to Acquire EXFO at US$7.50 per Share

SCOTTSDALE, Ariz., June 16, 2021 /PRNewswire/ -- VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) today unveiled TMLite, a streamlined version of its flagship TM500 Network Tester in use with virtually every wireless base station manufacturer around the globe.

VIAVI Enhances 5G Network Test Scalability and Productivity with TMLite

Viavi (VIAV) unveils enhancements to its Optical Network Monitoring Solutions portfolio to improve the performance of critical fiber infrastructure amid major connectivity demand.

Viavi (VIAV) Boosts Smart Fiber Networks With New Capabilities

SCOTTSDALE, Ariz., June 7, 2021 /PRNewswire/ -- VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) today introduced multiple new capabilities for the award-winning Optical Network Monitoring Solutions (ONMS) family of remote test and monitoring solutions.

VIAVI Expands Capabilities for Industry-Leading Remote Fiber Test and Monitoring Portfolio

Viav Solutions (VIAV) reported earnings 30 days ago. What's next for the stock?

Why Is Viav Solutions (VIAV) Up 10% Since Last Earnings Report?

SCOTTSDALE, Ariz., June 2, 2021 /PRNewswire/ -- VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) today introduced the mOSA Module, adding optical spectrum analysis to the VIAVI Multiple Application Platform (MAP) Optical Manufacturing Test system.

VIAVI Reveals mOSA Optical Spectrum Analysis Module, Enhancing Trusted Test Portfolio for Lab and Manufacturing

Viavi (VIAV) deploys its TeraVM O-CU Tester solution on Amazon Web Services Outposts that effectively validates infrastructure and application performance in the network to boost 5G services.

Viavi (VIAV) Partners With AWS, Spurs Test Solution for 5G Services

SCOTTSDALE, Ariz., May 25, 2021 /PRNewswire/ --  Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced availability of the TeraVM O-CU Tester on AWS Outposts, marking the industry's first O-RAN Central Unit (O-CU) test solution deployed on Amazon Web Services (AWS) Managed Services (AMS) at the network edge.

VIAVI Accelerates 5G at the Edge With O-RAN Testing on AWS Outposts

SCOTTSDALE, Ariz., May 18, 2021 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced the release of Auto-Test for the L3Harris Technologies XL Connect™ 95P, single-band XL-185M, multi-band XL-200M, and Unity XG-100M radios on the VIAVI 3920B Radio Test Platform and 8800SX Digital Radio Test Set.

VIAVI Expands the Industry's Most Comprehensive Automated Testing Solutions for L3Harris Technologies P25 and Public Safety Two-Way Radios

SCOTTSDALE, Ariz., May 17, 2021 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced the expansion of the VIAVI ONT solution portfolio with the 800G FLEX XPM Module, the industry's first fully integrated test product for pluggable 800G transceivers that utilize 100G electrical lane speed, with integrated test applications.

VIAVI Introduces 800G FLEX XPM Module As Communication, Cloud and Hyperscale Service Providers Accelerate High-Speed Adoption

SCOTTSDALE, Ariz., May 12, 2021 /PRNewswire/ -- VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) today introduced Fusion JMEP 10, a smart, small form-factor pluggable (SFP+) Gigabit Ethernet transceiver for network test, turn-up and performance monitoring up to 10 GbE.

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