Aviat Networks

Aviat Networks, Inc. engages in the design, manufacture, and sale of wireless network products and solutions. Its product includes wireless transmission networking systems for microwave and millimeter wave networking applications such as microwave routers, microwave switches, and split mount RF unit. It also offers services such as network planning and design, site surveys and construction, systems integration, installation, maintenance, network monitoring, training, and customer services. The company was founded in 1984 and is headquartered in Austin, TX.

Earnings data Q1 2024

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Aviat Networks, Inc. engages in the design, manufacture, and sale of wireless networking and access networking solutions and services. Its products include roadband wireless access base stations and customer premises equipment for fixed and mobile, point-to-point digital microwave radio systems for access, backhaul, trunking and license-exempt applications, supporting new network deployments, network expansion, and capacity upgrades. It also offers services such as network planning and design, site surveys and construction, systems integration, installation, maintenance, network monitoring, training, and customer services. The company was founded in 1984 and is headquartered in Austin, TX.

The buyout is likely to be accretive to Aviat's (AVNW) earnings with improved scale of operations, enhanced portfolio depth and diversified businesses.

Aviat (AVNW) Closes NEC Deal for Higher Scale of Operations

AUSTIN, Texas , Nov. 30, 2023 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today announced the completion of its acquisition of the Wireless Transport Business of NEC Corporation ("NEC"). The completion of this acquisition significantly increases the scale of Aviat Networks, enhances the Company's product portfolio with a greater capability to innovate, and creates a more diversified business.

Aviat Networks Completes the Acquisition of NEC's Wireless Transport Business

The mean of analysts' price targets for Aviat Networks, Inc. (AVNW) points to an 84.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict an 84.83% Upside in Aviat Networks, Inc. (AVNW): Here's What You Should Know

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Aviat Networks (AVNW) Stock?

Jim Stoffel retires from Aviat Board after 16 years of service AUSTIN, Texas , Nov. 13, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport solutions, announced today that shareholders elected Laxmi Akkaraju to the Company's Board of Directors effective November 8, 2023. Akkaraju, who is independent, will serve on the audit committee.

Aviat Networks Elects Laxmi Akkaraju to Board of Directors

The average of price targets set by Wall Street analysts indicates a potential upside of 83.7% in Aviat Networks, Inc. (AVNW). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

How Much Upside is Left in Aviat Networks, Inc. (AVNW)? Wall Street Analysts Think 83.74%

AUSTIN, Texas, Nov. 2, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport and access solutions, today announced that it will participate in the following investor conferences. Roth MKM 12th Annual New York Technology Conference to be held in New York, NY on November 15, 2023 Oppenheimer 4th Annual 5G Summit to be held virtually on December 11, 2023 Investors interested in scheduling a meeting with the company should contact their representative at the respective institutions.

Aviat Networks to Participate in Upcoming Investor Conferences

Aviat Networks, Inc. (NASDAQ:AVNW ) Q1 2024 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Andrew Fredrickson - Director of Investor Relations Peter Smith - President & Chief Executive Officer David Gray - Senior Vice President & Chief Financial Officer Conference Call Participants Scott Searle - Roth Capital Partners, LLC Jaeson Schmidt - Lake Street Capital Markets Erik Suppiger - JMP Securities Tim Savageaux - Northland Capital Markets Theodore O'Neill - Litchfield Hills Research Dave Kang - B. Riley Securities Operator Good afternoon, and welcome to Aviat Networks' First Quarter Fiscal 2024 Earnings Conference Call.

Aviat Networks, Inc. (AVNW) Q1 2024 Earnings Call Transcript

Total Revenue of $87.6 million; Up 7.8% Year-Over-Year GAAP Operating Income of $5.5 million; Up 41.8% Year-Over-Year Adjusted EBITDA of $12.1 million; Up 13.1% Year-Over-Year Operating Cash Flows of $14.0 million AUSTIN, Texas , Nov. 1, 2023 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport solutions, today reported financial results for its fiscal 2024 first quarter ended September 29, 2023. First Quarter Highlights Executed on key long-term strategic objectives resulting in continued year-over-year growth in quarterly revenues, gross margins, net income and non-GAAP Adjusted EBITDA.

Aviat Networks Announces Fiscal 2024 First Quarter Financial Results

Aviat Networks has found success in the network solutions market, achieving profitability and organic growth after poor long-term financials. The company's wireless connectivity through microwaves offers a competitive advantage with lower operating costs for customers. Aviat's recent acquisition of NEC's wireless transport business is expected to generate additional revenues and create value for shareholders, as the acquisition was done very cheaply.

Aviat Networks: Attractive NEC Transaction Is Priced In

AUSTIN, Texas , Oct. 16, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport solutions, announced today that it will release its first quarter fiscal 2024 financial results for the period ended September 29, 2023, on November 1, 2023, after the market closes. The Company will host an earnings conference call and webcast to discuss its financial and operational results on the same day, beginning at 5:00 p.m.

Aviat Networks Sets Date for Its Fiscal 2024 First Quarter Financial Results Announcement and Conference Call

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AUSTIN, Texas , Sept. 21, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport and access solutions, today announced it has received orders totaling over $50 Million with two separate U.S. State governments for statewide public safety networks.

Aviat Networks Secures $50 Million in Orders from Two New U.S. Statewide Public Safety Projects

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Hoosier will deploy Aviat's (AVNW) new IRU600 UHP 11 GHz indoor microwave radio to relocate majority of its existing 6 GHz links to 11 GHz.

Aviat (AVNW) to Help Modernize Hoosier's Transmission Network

Hoosier will deploy Aviat's new IRU600 UHP 11 GHz Radio to mitigate potential future interference in the 6 GHz band AUSTIN, Texas , Aug. 30, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the expert in wireless transport and access solutions, today announced that Hoosier Energy, a generation and transmission cooperative in Indiana, recently selected Aviat for the upgrade and modernization of their existing microwave transmission network in a multi-year, multi-phase project. As a part of the overall project Hoosier will deploy Aviat's new IRU600 UHP 11 GHz indoor microwave radio, which delivers the highest transmitter power ever supported in the industry, to relocate many of their existing 6 GHz links to 11 GHz over concerns of the potential risk of interference.

Hoosier Energy selects Aviat Networks for Network Modernization Project

Aviat topped sales and earnings estimates in fiscal Q4. It looks like the company's margins will continue to improve in the current fiscal year.

Why Aviat Networks Stock Is Soaring Today

Aviat Networks, Inc. (NASDAQ:AVNW ) Q4 2023 Earnings Conference Call August 23, 2023 5:00 PM ET Company Participants Andrew Fredrickson - Director-Investor Relations Peter Smith - Chief Executive Officer David Gray - Chief Financial Officer Conference Call Participants Scott Searle - ROTH Capital Partners Erik Suppiger - JMP Securities Jaeson Schmidt - Lake Street Capital Markets Theodore O'Neill - Litchfield Hills Research Tim Savageaux - Northland Capital Markets Dave Kang - B. Riley Operator Good afternoon.

Aviat Networks, Inc. (AVNW) Q4 2023 Earnings Call Transcript

Aviat Networks, Inc. (AVNW) came out with quarterly earnings of $0.87 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.67 per share a year ago.

Aviat Networks, Inc. (AVNW) Q4 Earnings Match Estimates

Total Q4 Revenue of $91.2 million; Up 17.8% Year-Over-Year Q4 GAAP Operating Income of $6.3 million; Up 20.6% Year-Over-Year Q4 Adjusted EBITDA of $12.6 million; Up 37.5% Compared to Prior Year AUSTIN, Texas , Aug. 23, 2023 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (NASDAQ: AVNW), the leading expert in wireless transport solutions, today reported financial results for its fiscal 2023 fourth quarter and twelve months ended June 30, 2023. Fourth Quarter Highlights Executed on key long-term strategic objectives resulting in continued year-over-year increase in quarterly revenues and Adjusted EBITDA Introduced a new, ultra-high power indoor radio to provide more capacity, longer links and minimize interference risk for mission critical networks Expanded Aviat's network management software ProVision Plus to support the wireless access portfolio acquired in the Redline Communications transaction Announced transformational acquisition of NEC's Wireless Transport Business for $70.0 million Fourth Quarter Financial Highlights Total Revenues: $91.2 million, +17.8% from the same quarter last year North America: $55.1 million, +13.0% from the same quarter last year International: $36.0 million, +25.8% from the same quarter last year GAAP Results: Gross Margin 35.8%; Operating Expenses $26.3 million; Operating Income $6.3 million; Net Income $3.3 million; Net Income per diluted share ('Net Income per share") $0.28 Non-GAAP Results: Adjusted EBITDA $12.6 million; Gross Margin 36.2%; Operating Expenses $22.0 million; Operating Income $11.0 million; Net Income $10.3 million; Net Income per share $0.87 Net Cash: $22.2 million; no loans outstanding at quarter-end Full Year Financial Highlights Total Revenues: $346.6 million, +14.4% from the prior year GAAP Results: Gross Margin 35.8%; Operating Expenses $97.8 million; Operating Income $26.4 million; Net Income $11.5 million; Net Income per share $0.97 Non-GAAP Results: Adjusted EBITDA $47.0 million; Gross Margin 36.1%; Operating Expenses $84.1 million; Operating Income $40.8 million; Net Income $39.1 million; Net Income per share $3.30 "This quarter's strong performance concluded an exciting fiscal 2023 for Aviat Networks" said Pete Smith, President and Chief Executive Officer of Aviat Networks.

Aviat Networks Announces Fiscal 2023 Fourth Quarter and Twelve Months Financial Results

AUSTIN, Texas , Aug. 7, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport solutions, announced today that it will release its fourth quarter fiscal 2023 and full year financial results for the period ended June 30, 2023, on August 23, 2023, after the market closes. The Company will host an earnings conference call and webcast to discuss its financial and operational results on the same day, beginning at 5:00 p.m.

Aviat Networks Sets Date for Its Fiscal 2023 Fourth Quarter and Full Year Financial Results Announcement and Conference Call

Aviat Networks, Inc. has resorted to alternative deals since last year's hostile deal for Ceragon is off the table. The latest deal for the wireless transport activities of NEC creates some near-term risks, but certainly potential as well. Amidst all these moving trends, I am keeping a close eye on Aviat here, but am not engaging just yet.

Aviat Networks: On A Dealmaking Spree

Investors need to pay close attention to Aviat (AVNW) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Aviat (AVNW) Stock?

Aviat's new IRU600 UHP Radio enables relocation of Mission Critical links from 6 to the 11 GHz band to address concerns over potential interference AUSTIN, Texas , June 1, 2023 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the expert in wireless transport and access solutions, today announced a new 11 GHz indoor microwave radio with the highest transmitter power ever supported in the industry, to allow more capacity, longer links and provide operators with an alternative to deploy long distance links without the potential risk of interference in the 6 GHz band. Aviat's IRU600 UHP (Ultra-High Power) delivers breakthrough transmit power performance which will allow 80% or more of the 90,000 6 GHz links currently in operation in the US to be moved to 11 GHz.

Aviat Introduces New Ultra-High Power Indoor Microwave Radio

AUSTIN, Texas , May 9, 2023 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat") (Nasdaq:  AVNW), the leading expert in wireless transport and access solutions, today announced that they have entered into a definitive agreement with NEC Corporation (NEC; TSE: 6701), a leader in the integration of IT and network technologies, for the sale of its Wireless Transport Business to Aviat in an asset purchase transaction valued at $70.0 million U.S. dollars in cash and shares. "The transaction advances Aviat's strategic goal to create the leading wireless transport specialist and to add meaningful scale to our business," said Pete Smith, CEO of Aviat Networks.

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