Aviat Networks (AVNW) is a Zacks Rank #5 (Strong Sell) as earnings estimates have tracked lower despite a recent earnings beat.  The company is in the wireless network solutions and network management software industry and could be interesting to some investors at these levels. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day.DescriptionAviat Networks, Inc., previously known as Harris Stratex Networks, Inc., is a global supplier of wireless network solut ...

Pratchaya Investment Thesis The investment thesis around Aviat Networks (NASDAQ:AVNW) is the attractive valuation and better growth prospects. Traditionally, a company in decline, they have completely turned around and now sport an average revenue growth rate of 13.2% since 2021. This has been instrumental in driving positive operating leverage and below is why I think it will continue. Background AVNW is a global supplier of microwave and wireless access networking solutions. They supply a range of wir ...

Aviat Networks, Inc. (NASDAQ:AVNW) Q2 2024 Earnings Conference Call February 6, 2024 5:00 PM ET Company Participants Andrew Fredrickson - Director of Corporate Development and Investor Relations Peter Smith - President & Chief Executive Officer David Gray - Senior Vice President & Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Scott Searle - Roth Capital Partners, LLC Erik Suppiger - JMP Securities Jaeson Schmidt - Lake Street Capital Markets Dave Kang - B. ...

Company Performance - Aviat Networks, Inc. reported quarterly earnings of $0.97 per share, exceeding the Zacks Consensus Estimate of $0.94 per share, and up from $0.94 per share a year ago, representing an earnings surprise of 3.19% [1] - The company posted revenues of $95.04 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 3.47%, and an increase from year-ago revenues of $90.68 million [1] - Over the last four quarters, Aviat Networks has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [1] Future Outlook - The stock's immediate price movement will depend on management's commentary during the earnings call and the sustainability of the earnings outlook [2][3] - The current consensus EPS estimate for the coming quarter is $0.78 on revenues of $90.75 million, and for the current fiscal year, it is $3.78 on revenues of $372.1 million [4] - The estimate revisions trend for Aviat Networks is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Industry Context - The Wireless Equipment industry, to which Aviat Networks belongs, is currently in the top 39% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, InterDigital, is expected to report quarterly earnings of $1.21 per share, reflecting a year-over-year change of +12%, with revenues anticipated to be $104.31 million, down 10.9% from the previous year [5][6]

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Title of each class Trading Symbol(s) Name of each exchange on which Registered Common Stock AVNW The Nasdaq Stock Market LLC Preferred Share Purchase Rights The Nasdaq Stock Market LLC For the quarterly period ended December 29, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...

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. ET.  Participating on the call will be Pete S ...

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 Researc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Title of each class Trading Symbol(s) Name of each exchange on which Registered Common Stock AVNW The Nasdaq Stock Market LLC Preferred Share Purchase Rights The Nasdaq Stock Market LLC For the quarterly period ended September 29, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF TH ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33278 ______________________________ AVIAT NETWORKS, INC. (Exact name of registrant as specified in its charter) _________________________ ...