Viavi Solutions Stock (NASDAQ:VIAV), Trade Ideas

Viavi Solutions

Viavi Solutions Inc. is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers. The company also offers high-performance thin-film optical coatings, providing light management solutions to anti-counterfeiting, 3D sensing, electronics, automotive, defense and instrumentation markets. Its operating segments include Network Enablement, Service Enablement, and Optical Security and Performance Products. Geographically, it derives a majority of revenue from the United States.

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VIAVI Solutions to acquire Spirent Communications for $1.3 billion in cash, creating a provider of test and assurance solutions. Deal expected to close in second half of 2024, generating $75 million in annual cost synergies.

VIAVI Accelerates Innovation with Spirent Acquisition, Targeting $75M in Synergies

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Viavi Solutions Inc

VIAVID BROADCASTING INC by ViaVid Broadcasting, Inc.

General

VIAVI Introduces Performance Testing For Post-Quantum Cryptography Deployments

Tech

Viavi Solutions Unveils Advances in 6G And AI Research with Introduction of 6G City-Scale Digital Twin And AI-Native Air Interface

Rosenblatt analyst Mike Genovese maintains Viavi Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) with a Buy and lowers the price target from $15 to $13.

Price Target

Analyst Ratings

Rosenblatt Maintains Buy on Viavi Solutions, Lowers Price Target to $13

Stifel analyst Ruben Roy maintains Viavi Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) with a Buy and maintains $13 price target.

Stifel Maintains Buy on Viavi Solutions, Maintains $13 Price Target

Throughout the last three months, 5 analysts have evaluated Viavi Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>), offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $14.0, a high estimate of $17.00, and a low estimate of $11.00. This current average has increased by 25.0% from the previous average price target of $11.20. 
<img src="https://www.benzinga.com/files/images/story/2024/1711972823_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Viavi Solutions among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mehdi Hosseini</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$14.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Tim Savageaux</td>
<td>Northland Capital Markets</td>
<td>Raises</td>
<td>Outperform</td>
<td>$17.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$11.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$15.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Ruben Roy</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$13.00</td>
<td>$10.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Viavi Solutions. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Viavi Solutions compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Viavi Solutions's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Viavi Solutions's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/VIAV/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Viavi Solutions analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Viavi Solutions</h2>
Viavi Solutions Inc. is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers. The company also offers high-performance thin-film optical coatings, providing light management solutions to anti-counterfeiting, 3D sensing, electronics, automotive, defense and instrumentation markets. Its operating segments include Network Enablement, Service Enablement, and Optical Security and Performance Products. Geographically, it derives a majority of revenue from the United States.
<h3>Understanding the Numbers: Viavi Solutions's Finances</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Viavi Solutions's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -10.54%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Viavi Solutions's net margin excels beyond industry benchmarks, reaching 4.2%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Viavi Solutions's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.53%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Viavi Solutions's ROA stands out, surpassing industry averages. With an impressive ROA of 0.58%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Viavi Solutions's debt-to-equity ratio is below the industry average. With a ratio of 1.07, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 5 Analyst Evaluations For Viavi Solutions

Needham analyst Alex Henderson reiterates Viavi Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) with a Hold.

Reiteration

Needham Reiterates Hold on Viavi Solutions

Viavi Solutions Announced It Has Participated In The 2024 RIC Forum, March 26-28, In Dallas, Texas To Demonstrate Leadership In RAN Intelligence Test And Training

Susquehanna has decided to maintain its Positive rating of Viavi Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) and raise its price target from $12.00 to $14.00.
Shares of Viavi Solutions are trading down 0.15% over the last 24 hours, at $10.97 per share.
A move to $14.00 would account for a 27.58% increase from the current share price.
<h3>About Viavi Solutions</h3>
Viavi Solutions Inc. is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers. The company also offers high-performance thin-film optical coatings, providing light management solutions to anti-counterfeiting, 3D sensing, electronics, automotive, defense and instrumentation markets. Its operating segments include Network Enablement, Service Enablement, and Optical Security and Performance Products. Geographically, it derives a majority of revenue from the United States.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Susquehanna Maintains Positive Rating for Viavi Solutions: Here's What You Need To Know

Susquehanna analyst Mehdi Hosseini maintains Viavi Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) with a Positive and raises the price target from $12 to $14.

Susquehanna Maintains Positive on Viavi Solutions, Raises Price Target to $14

Viavi Solutions Announced That It Will Be Showcasing Its Latest Network Testing Solutions That Address The Demanding Requirements Of Artificial Intelligence Applications At OFC 2024

4 analysts have expressed a variety of opinions on Viavi Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $12.75, a high estimate of $15.00, and a low estimate of $11.00. This current average has increased by 21.43% from the previous average price target of $10.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1709748054_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Viavi Solutions. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$11.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$15.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Ruben Roy</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$13.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$12.00</td>
<td>$10.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Viavi Solutions. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Viavi Solutions compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Viavi Solutions's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/VIAV/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Viavi Solutions analyst ratings.</a>
<h2>Get to Know Viavi Solutions Better</h2>
Viavi Solutions Inc. is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers. The company also offers high-performance thin-film optical coatings, providing light management solutions to anti-counterfeiting, 3D sensing, electronics, automotive, defense and instrumentation markets. Its operating segments include Network Enablement, Service Enablement, and Optical Security and Performance Products. Geographically, it derives a majority of revenue from the United States.
<h3>Unraveling the Financial Story of Viavi Solutions</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Viavi Solutions's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -10.54%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Viavi Solutions's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.2% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Viavi Solutions's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.53%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Viavi Solutions's ROA stands out, surpassing industry averages. With an impressive ROA of 0.58%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.07.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Viavi Solutions's Future

Morgan Stanley analyst Meta Marshall maintains Viavi Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) with a Equal-Weight and raises the price target from $9 to $11.

Morgan Stanley Maintains Equal-Weight on Viavi Solutions, Raises Price Target to $11

Rosenblatt analyst Mike Genovese maintains Viavi Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) with a Buy and raises the price target from $13 to $15.

Rosenblatt Maintains Buy on Viavi Solutions, Raises Price Target to $15

<h3>Gainers</h3>
<ul>
<li>Datasea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTSS#NASDAQ">DTSS</a>) shares moved upwards by 86.1% to $10.48 during Tuesday's regular session. The market value of their outstanding shares is at $26.6 million. </li>
<li>Airship AI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AISP#NASDAQ">AISP</a>) stock increased by 84.85% to $3.05. The market value of their outstanding shares is at $69.5 million. </li>
<li>Dave (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NASDAQ">DAVE</a>) shares increased by 56.57% to $34.29. The company's market cap stands at $413.2 million. As per the press release, Q4 earnings came out today. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock increased by 20.38% to $14.94. The company's market cap stands at $117.5 million. </li>
<li>Viavi Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) shares increased by 11.4% to $10.84. The market value of their outstanding shares is at $2.4 billion. </li>
<li>Airgain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRG#NASDAQ">AIRG</a>) shares rose 9.69% to $4.75. The company's market cap stands at $49.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SEMrush Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEMR#NYSE">SEMR</a>) stock fell 19.5% to $10.46 during Tuesday's regular session. The market value of their outstanding shares is at $1.4 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) stock fell 19.3% to $60.1. The market value of their outstanding shares is at $9.3 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Argo Blockchain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBK#NASDAQ">ARBK</a>) shares decreased by 17.28% to $1.82. The company's market cap stands at $105.0 million. </li>
<li>Mawson Infra Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIGI#NASDAQ">MIGI</a>) shares fell 12.34% to $1.31. The company's market cap stands at $21.8 million. </li>
<li>SoundHound AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) stock declined by 12.23% to $4.94. The market value of their outstanding shares is at $1.5 billion. The company's, Q4 earnings came out 3 days ago. </li>
<li>HeartCore Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCR#NASDAQ">HTCR</a>) stock decreased by 12.15% to $0.82. The market value of their outstanding shares is at $17.0 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AIRG

AISP

ARBK

DAVE

DTSS

GTLB

HTCR

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

PHUN

SEMR

SOUN

12 Information Technology Stocks Moving In Tuesday's Intraday Session

WIIM

Viavi Solutions shares are trading higher after the company announced that it agreed to acquire Spirent Communications.

VIAVI Solutions&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) penned a deal to acquire&nbsp;Spirent Communications&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SPMYY#OTC">SPMYY</a>) for approximately £1.0 billion&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37474811/viavi-solutions-agrees-to-acquire-spirent-communications-to-create-a-leading-provider-of-test-assu" rel="noreferrer noopener">($1.3 billion) in a cash offer</a>.
The acquisition price values Spirent based on the British pound sterling to U.S. dollar exchange rate on March 4, 2024.
Spirent offers products, services and managed solutions that address technologies&#8217; test, assurance and automation challenges, including 5G, software-defined wide area networks (SD-WAN), cloud and autonomous vehicles.&nbsp;
As per the terms, Spirent shareholders will receive 172.5 pence per share in cash along with a special dividend per share of 2.5 pence in place of a final dividend for the year ended December 31, 2023. Spirent Board intends to unanimously recommend this all-cash offer.
The company plans to fund the buyout with its existing cash, a fully committed $800 million 7-year term loan, and a $400 million investment from Silver Lake in the form of a fully committed senior convertible note.
In connection with the Silver Lake investment, Ken Hao, Chairman and a Managing Partner of Silver Lake, will join the VIAVI board.
The acquisition is expected to close in the second half of 2024, subject to shareholder approvals and other customary closing conditions.
Oleg Khaykin, President and CEO of VIAVI, said, &#8220;Combining our leading communications test and measurement and optical technologies and Spirent&#8217;s high-performance testing and assurance solutions is expected to deliver enhanced product solutions and applications, accelerate growth in new markets and strengthen innovation through expanded engineering and design capabilities.&#8221;
Synergies: VIAVI projects operational efficiencies to result in annual run-rate cost synergies of up to $75 million approximately two years&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">after the deal&#8217;s completion</a>.
Also, the company expects to utilize its U.S. net operating losses to lower the combined group&#8217;s blended non-GAAP tax rate and plans to prioritize debt paydown using free cash flow generation to reduce leverage ratios towards 4.0x gross and 3.0x net over the long term.
As of December 30, 2023, the company held $571.8 million in total cash, short-term investments,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/n36898768/viavi-announces-second-quarter-fiscal-2024-results" rel="noreferrer noopener">and short-term restricted cash</a>.
Price Action: VIAV shares closed at $9.73 on Monday.
Photo via Shutterstock

VIAVI Solutions (&quot;VIAVI&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>), a leading provider of communications test, measurement and optical technologies, and Spirent Communications plc (&quot;Spirent&quot;) (LSE: SPT), a global provider of automated test and assurance solutions for networks, cybersecurity and positioning, today announced an agreement on the terms of a cash offer for Spirent which the Spirent Board intends to unanimously recommend (the &quot;Acquisition&quot;). The Acquisition price values Spirent at approximately &pound;1,005 million, or&nbsp;$1,277&nbsp;million based on the British pound sterling to U.S. dollar exchange rate on March 4, 2024.
Under the terms of the Acquisition, Spirent Shareholders will receive 172.5 pence per Spirent share in cash (the Acquisition price). Spirent Shareholders will also receive a special dividend of 2.5 pence per Spirent share in lieu of a final dividend for the year ended December 31, 2023. The Acquisition is expected to close during the second half of 2024, subject to shareholder approvals and other customary closing conditions, including Spirent Shareholder approval and certain regulatory closing approvals. The Spirent Directors who hold shares of Spirent have signed irrevocable agreements in support of the Acquisition.

VIAVI Solutions Agrees to Acquire Spirent Communications Valued at $1.3B

Viavi Says It Has Expanded Ric Testbed As A Service To Advance Digital Twin Environments With With VMware, Recently Acquired By Broadcom

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4093271-1&amp;h=3162430323&amp;u=https%3A%2F%2Fwww.viavisolutions.com%2F&amp;a=VIAVI+Solutions+Inc.">VIAVI Solutions Inc.</a>&nbsp;(VIAVI) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>)&nbsp;today announced that the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4093271-1&amp;h=4029920839&amp;u=https%3A%2F%2Fwww.viavisolutions.com%2Fen-us%2Fproducts%2Fxgig-exerciser-cxl-v11-v20&amp;a=VIAVI+Xgig%C2%AE+CXL+Exerciser">VIAVI Xgig&#xAE; CXL Exerciser</a> has been recognized as a CXL 1.1 Gold device by the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4093271-1&amp;h=2510805227&amp;u=https%3A%2F%2Fwww.computeexpresslink.org%2F&amp;a=Compute+Express+Link%C2%AE+(CXL%C2%AE)+Consortium">Compute Express Link&#xAE; (CXL&#xAE;) Consortium</a>. With this approval, the Xgig CXL Exerciser can now qualify CXL devices' protocol implementations for the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4093271-1&amp;h=1773747025&amp;u=https%3A%2F%2Fwww.computeexpresslink.org%2Fintegrators-list&amp;a=CXL+Integrators+List">CXL Integrators List</a>.
"CXL technology supports the evolution of emerging high-speed computing applications, and certification is critical to successful product rollouts," said Tom Fawcett, Senior Vice President and General Manager, Lab and Production, VIAVI. "This approval allows our Xgig CXL Exerciser to be used not only for lab development and testing, but also for certification of devices at CXL Compliance Workshops."
As Artificial Intelligence (AI), Machine Learning (ML) and other high-performance computing technologies evolve, the demand for faster and more efficient data transfer methods will grow. CXL is an interconnect technology that optimizes data flow between a Central Processing Unit (CPU) and its peripherals such as accelerators, memory buffers and smart input/output devices. Designed for cache-coherent interconnects and memory expansion, CXL ensures that these devices access and transfer data with the speed and efficiency required by these demanding applications.
"Micron's collaboration with VIAVI Solutions has enabled the CXL validation ecosystem and bolstered CZ120 CXL protocol compliance. VIAVI Xgig software and hardware solutions and early engagement with Micron have played a vital role in maturing CXL protocol compliance tests," said Siva Makineni, Vice President, Advanced Memory Systems, Micron. "We rely on the accuracy of VIAVI testing equipment to validate Micron's CXL product line. The Xgig CXL Exerciser's Gold Suite certification will allow us to be included on the CXL v1.1 and 2.0 Integrators List."
"Standards compliance is integral to the mission of our organization," said Jim Pappas, Chairman, CXL Consortium. "The Xgig CXL Exerciser has met all requirements to conduct CXL 1.1 protocol testing for companies or products seeking CXL Compliance. We look forward to VIAVI's continued support for our ecosystem and participation in our upcoming compliance events."
VIAVI participated in the official CXL Compliance Test Event 003 in January. It will be exhibiting its industry-leading portfolio of CXL solutions at the CXL Developers' Conference from April 30 – May 1, 2024 in Santa Clara, California.
Compute Express Link&#xAE; and CXL&#xAE; are trademarks of the CXL&#xAE; Consortium. All other trademarks are the property of their respective owners.

VIAVI Xgig Exerciser Approved For CXL 1.1 Gold Suite Compliance Testing

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Shares of several companies in the broader tech sector are trading lower as Treasury yields rise following a greater-than-expected increase in U.S. January inflation data.

Viavi Solutions to acquire UK's Spirent Communications for $1.28 billion

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