Aviat Networks
AVNW

$25.25

1.33%

Market Cap: $317M

About: Aviat Networks Inc is a networking solutions provider. It designs, manufactures, and sells wireless networking products, solutions, and services to mobile and fixed operators, private network operators, government agencies, transportation and utility companies, public safety agencies, and broadcast network operators around the world. The company's product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.

Employees: 704

Communication Services Radio & TV Broadcasting & Communications Equipment

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

145% more call options, than puts

Call options by funds: $4.36M | Put options by funds: $1.78M

79% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 14

33% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 30

10% more funds holding

Funds holding: 108 [Q1] → 119 (+11) [Q2]

1.48% less ownership

Funds ownership: 78.89% [Q1] → 77.41% (-1.48%) [Q2]

26% less capital invested

Capital invested by funds: $381M [Q1] → $281M (-$100M) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 0 (-3) [Q2]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$51

102%

upside

Avg. target

$51

102%

upside

High target

$51

102%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Lake Street

Jaeson Schmidt

33% 1-year accuracy

5 / 15 met price target

102%upside

$51

Buy

Reiterated

5 Jul 2024

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Financial journalist opinion

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Zacks Investment Research

Aviat (AVNW) Boosts Wireless Access Portfolio With 4RF Buyout

Aviat (AVNW) is set to acquire 4RF, aimed at enhancing its global reach and expanding its portfolio in critical infrastructure and industrial wireless solutions.

Aviat (AVNW) Boosts Wireless Access Portfolio With 4RF Buyout

Aviat Networks Acquires 4RF, a Leading Provider of Industrial Wireless Access Solutions for Critical Infrastructure

AUSTIN, Texas , July 2, 2024 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat") (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today announced the acquisition of 4RF Limited ("4RF"), a leading provider of industrial wireless access solutions, including narrowband point-to-point/multi-point radios and Private LTE and 5G routers. Designed specifically for critical infrastructure networks including utilities, oil and gas, mining, public safety and military, 4RF's family of narrowband radios and LTE and 5G routers offer industry leading reliability and performance.

Aviat Networks Acquires 4RF, a Leading Provider of Industrial Wireless Access Solutions for Critical Infrastructure

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

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

Aviat Networks Appoints Michael Connaway as Chief Financial Officer

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 to Participate in Upcoming Investor Conferences

AUSTIN, Texas , May 3, 2024 /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. 19th Annual Needham Technology, Media, and Consumer Conference to be held virtually on May 16, 2024 B.

Aviat Networks to Participate in Upcoming Investor Conferences

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

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

Zacks Investment Research

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

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

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

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

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

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

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