CHANDLER, Ariz. - Viavi Solutions Inc. (NASDAQ: NASDAQ:VIAV), a global network solutions provider, has introduced a new performance testing feature for Post-Quantum Cryptography (PQC) system deployments, aiming to maintain user experience amid heightened security measures.
The TeraVM Security Test, a trusted tool for evaluating network security infrastructure, has been updated to support PQC algorithms recommended by the U.S. National Institute of Standards and Technology (NIST).
Quantum (NASDAQ:QMCO) computing poses a significant threat to current public-key cryptography, with the ability to potentially break these security protocols. Although quantum computers are not expected to operate at a threatening scale for several years, organizations are preemptively upgrading their systems to protect sensitive data against future quantum attacks. This includes adhering to U.S. federal mandates for transitioning network security devices to PQC.
TeraVM is the first cloud-enabled test platform to incorporate these NIST-mandated PQC algorithms. It allows for the assessment of enterprise devices, content delivery networks, and endpoints engaging in IPSec Traffic with PQC.
The software-based test tool, which can operate on commercial-off-the-shelf servers or cloud platforms, is widely utilized by network equipment manufacturers, network operators, and research institutes for its robust security compliance and performance testing capabilities.
Ian Langley, Senior Vice President and General Manager of VIAVI's Wireless Business Unit, stated that TeraVM Security Test will enable customers to safeguard their networks from emerging quantum threats without affecting the daily operations of their users. The tool offers rigorous testing with standardized algorithms, emulated user traffic, and real office applications on loaded networks, providing confidence in network capabilities.
VIAVI, known for its network test, monitoring, and assurance solutions, serves a broad range of industries including telecommunications, military, and aerospace. This latest development in PQC performance testing is part of the company's commitment to assisting organizations in preparing for a quantum-safe future.
The information for this article is based on a press release statement from VIAVI Solutions.
InvestingPro Insights
As Viavi Solutions Inc. (NASDAQ: VIAV) takes a pioneering step in Post-Quantum Cryptography (PQC) testing, its financial metrics and market performance are of particular interest to investors. The company's market capitalization stands at a robust $1.95 billion, underlining its significant presence in the network solutions sector. Despite a challenging market, Viavi's gross profit margin remains strong at 59.06% for the last twelve months as of Q2 2024, reflecting its ability to maintain profitability in its operations.
However, investors should be aware of the company's high earnings multiple, with a P/E ratio recently reported at 398.18, suggesting a premium valuation. This is particularly notable as analysts anticipate a sales decline in the current year, which may impact future earnings and, consequently, the company's valuation. The recent price performance also indicates a bearish trend, with a 1-month price total return of -17.73%, hinting at investor caution or broader market headwinds.
While Viavi does not currently pay a dividend, the company is expected to remain profitable this year, as indicated by the InvestingPro Tips. For investors looking to delve deeper into Viavi's financial health and future prospects, InvestingPro offers an additional 9 tips for a comprehensive analysis. To access these insights and more, visit InvestingPro and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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