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.

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Aviat Networks reports strong Q3 performance and eyes international growth

Aviat Networks' Q3 fiscal 2023 earnings call highlighted strong performance, confidence in international business, stable lead times, and potential for new product releases. While facing challenges in North American revenue and supply chain concerns, the company remains optimistic about future opportunities, including the rollout of new products and addressing the backlog of orders for Huawei replacement.

Aviat Networks excels in Q2 2023, eyes 5G expansion and market growth

Aviat Networks delivered robust financial performance in Q2 2023, showcasing revenue growth, margin expansion, and increased profitability. The company is strategically positioned to capitalize on 5G opportunities, drive innovation, and enhance operational efficiency amidst a competitive landscape.

Aviat Networks posts strong Q3 results, eyes international expansion

Aviat Networks' Q3 performance reflects growth and operational improvements, supported by supply chain enhancements.
Strengths in key areas like 5G, rural broadband, and international business position the company for continued success.
Challenges related to backlog execution and potential lead time pressures require strategic management.
Opportunities in Redline revenues, new product trials, and software product recognition offer avenues for future growth.

Aviat Networks posts robust Q4 results, eyes 5G market growth

Aviat Networks reported strong financial performance in Q4 and fiscal year 2023, driven by double-digit revenue growth and increased backlog.
The company is well-positioned to capitalize on opportunities in the 5G market, rural broadband, and advancements in product offerings.
While facing challenges in margin dynamics and business integrations, Aviat Networks remains optimistic about future growth prospects and strategic initiatives.

Aviat Networks excels in Q1, eyes growth in 5G networks

Aviat Networks' Q1 performance reflects solid financial metrics and strategic positioning in key network segments, setting a strong foundation for fiscal year 2024.
The company's strengths in diversified business channels, technological advancements, and growth projections underscore its resilience and market competitiveness.
While facing integration challenges and margin targets, Aviat Networks remains optimistic about future opportunities, including the NEC transaction and expanding network technologies.

Aviat Networks posts record Q2 earnings, eyes growth in Indonesia and India

Aviat Networks reported strong financial performance, driven by revenue growth, improved margins, and record EBITDA. The company's strategic focus on core business areas and the acquisition of Pasolink position it well for future expansion. Challenges include margin improvement in specific markets and managing R&D costs effectively.

Aviat Networks excels in Q3, eyes growth through private networks

Aviat Networks' Q3 performance reflects strong revenue growth, profitability, and strategic advancements in product offerings and acquisitions.
While facing challenges in regulatory compliance and market competition, the company's operational strengths and opportunities for growth position it well for the future.
With a focus on private networks, innovation, and cost optimization, Aviat Networks is poised for sustained success and market expansion.

Aviat Networks posts robust Q4 results, eyes growth in 2025

Aviat Networks delivered strong financial results in Q4 2024 and full fiscal year 2024, showcasing growth and profitability.
While facing challenges like material weakness concerns and margin maintenance, the company is well-positioned for growth in fiscal 2025.
Strategic acquisitions and a focus on private networks offer avenues for expansion and revenue diversification in key markets.
Management's commitment to addressing challenges and seizing opportunities underscores a proactive approach to driving shareholder value.

Aviat Networks reports challenging Q1 results, eyes growth opportunities

Aviat Networks faced challenges in Q1 but anticipates improved performance in Q2 and beyond.
The company is strategically focusing on network management software sales and private 5G business growth.
Efforts to optimize manufacturing and inventory aim to enhance efficiency and cost savings.

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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.

Aviat Networks reported mixed Q3/FY2024 results, with revenues falling slightly short but profitability well ahead of expectations. While margins were impacted by the recent Pasolink acquisition, favorable working capital movements resulted in strong cash flow generation. The company lowered growth expectations as Pasolink revenues won't ramp as quickly as previously anticipated. In addition, Aviat Networks is facing currency headwinds and a more cautious spending environment.

Aviat Networks: Growth Outlook Disappoints But Too Cheap To Ignore, Buy

AUSTIN, Texas , May 28, 2024 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ:  AVNW ), the leading expert in wireless transport and access solutions, is announcing the appointment of Michael C. Connaway as Senior Vice President and Chief Financial Officer.

Aviat Networks Appoints Michael Connaway as Chief Financial Officer

Aviat Networks, Inc. (NASDAQ:AVNW ) Q3 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Andrew Fredrickson - Director of Corporate Development & Investor Relations Peter Smith - President & Chief Executive Officer David Gray - Senior Vice President & Chief Financial Officer Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets Scott Searle - ROTH Capital Partners Theodore O'Neill - Litchfield Hills Research Tim Savageaux - Northland Capital Markets Operator Good afternoon. Welcome to Aviat Networks' Third Quarter Fiscal 2024 Earnings Call.

Aviat Networks, Inc. (AVNW) Q3 2024 Earnings Call Transcript

Aviat Networks, Inc. (AVNW) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.75 per share a year ago.

Aviat Networks, Inc. (AVNW) Beats Q3 Earnings Estimates

Total Revenue of $111.6 million; Up 33.7% Year-Over-Year Adjusted EBITDA of $12.0 million; Up 11.1% Year-Over-Year Cash from Operations of $15.3 million in current quarter, $22.2 million year-to-date AUSTIN, Texas , May 1, 2024 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today reported financial results for its fiscal 2024 third quarter ended March 29, 2024. Third Quarter Highlights Grew core Aviat revenue by 7%, driven by strong international sales and private network growth Achieved 15th consecutive quarter of growth in both revenue and Adjusted EBITDA on a trailing twelve-month basis Generated positive free cash flow in the quarter from both the core Aviat and Pasolink businesses Secured first India microwave backhaul radio orders adding an addressable segment of $200 million Third Quarter Financial Highlights Total Revenues: $111.6 million, up 33.7% from the same quarter last year GAAP Results: Gross Margin 32.7%; Operating Expenses $31.5 million; Operating Income $5.0 million; Net Income $3.4 million; Net Income per diluted share ("Net Income per share") $0.27 Non-GAAP Results: Adjusted EBITDA $12.0 million; Gross Margin 35.2%; Operating Expenses $28.5 million; Operating Income $10.8 million; Net Income $9.4 million; Net Income per share $0.73 Net cash and marketable securities: $59.2 million; cash net of debt: $10.2 million "This quarter Aviat achieved continued organic revenue and profitability growth," said Pete Smith, President and Chief Executive Officer of Aviat Networks.

Aviat Networks Announces Fiscal 2024 Third Quarter and Nine Month Financial Results

AUSTIN, Texas , April 24, 2024 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport and access solutions, announced today that it will release its third quarter fiscal 2024 financial results for the period ended March 29, 2024, on May 1, 2024, 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 Third Quarter Financial Results Announcement and Conference Call

This stock has seen lower earnings estimates for 2024, but higher for 2025 despite that is now at the lowest Zacks Rank.

Bear Of The Day: Aviat Networks (AVNW)

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Aviat Networks has experienced a turnaround, with an average revenue growth rate of 13.2% since 2021. The company ranks 14th in the Communications Equipment industry with EBIT Margins over 8%.

Aviat Networks: Better Positioned After The NEC Acquisition

Aviat Networks, Inc. (AVNW) Q2 2024 Earnings Call Transcript

Aviat Networks, Inc. (AVNW) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.94 per share a year ago.

Aviat Networks, Inc. (AVNW) Surpasses Q2 Earnings and Revenue Estimates

Total Revenue of $95.0 million; Up 4.8% Year-Over-Year Gross  Margin of 38.8%; Up 330 basis points Year-Over-Year Operating Income of $5.0 million; Non-GAAP Operating Income of $12.6 million Adjusted EBITDA of $13.7 million; Up 6.5% Year-Over-Year AUSTIN, Texas , Feb. 6, 2024 /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 second quarter ended December 29, 2023. Second Quarter Highlights Continued year-over-year growth in quarterly revenues and gross margins Achieved 14th consecutive quarter of growth in both revenue and Adjusted EBITDA on a trailing twelve-month basis Closed acquisition of NEC Corporation's wireless transport business and progressed integration Delivered record first half revenue in the Aviat Store Shipped first 11 GHz Ultra-High Power radio to capture upgrade opportunity driven by 6 GHz interference risk Second Quarter Financial Highlights Total Revenues: $95.0 million, up 4.8% from the same quarter last year GAAP Results: Gross Margin 38.8%; Operating Expenses $31.8 million; Operating Income $5.0 million; Net Income $2.9 million; Net Income per diluted share ("Net Income per share") $0.24 Non-GAAP Results: Adjusted EBITDA $13.7 million; Gross Margin 38.8%; Operating Expenses $24.3 million; Operating Income $12.6 million; Net Income $11.9 million; Net Income per share $0.97 Cash and cash equivalents: $45.9 million; Debt net of Cash: $3.6 million "This quarter was significant for Aviat Networks in many ways.

Aviat Networks Announces Fiscal 2024 Second Quarter and Six Month Financial Results, Increases Full Year Guidance

AUSTIN, Texas , Feb. 1, 2024 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport and access solutions, announced today that it will release its second quarter fiscal 2024 financial results for the period ended December 29, 2023, on February 6, 2024, 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 Second Quarter Financial Results Announcement and Conference Call

Agreement Leverages Unique Capabilities from Each Company to Address Industry Digitalization and Automation in Private Networks Across Indonesia AUSTIN, Texas , Jan. 8, 2024 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the expert in wireless transport and access solutions, today announced a strategic collaboration agreement with PT Smartfren Telecom Tbk (IDX: FREN) to deliver high speed, ultra-reliable wireless connectivity, private wireless indoor and outdoor networks, and industry digitalization and automation services to private networks customers across Indonesia. According to Omdia, by 2027, private LTE and 5G networks combined will have a total market size of $7.4 billion worldwide.

Smartfren Telecom and Aviat Establish Strategic Collaboration in Indonesia

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Solid demand for advanced networking architecture for increased broadband usage despite intense market volatility is driving the Zacks Wireless Equipment industry. IDCC, VSAT and AVNW are well-positioned to thrive despite the near-term challenges.

3 Wireless Stocks Likely to Profit From Positive Sector Vibes

The mean of analysts' price targets for Aviat Networks, Inc. (AVNW) points to a 74.3% 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.

Does Aviat Networks, Inc. (AVNW) Have the Potential to Rally 74.33% as Wall Street Analysts Expect?

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.

Are Investors Undervaluing Aviat Networks (AVNW) Right Now?

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

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%

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.

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