Aviat Networks Inc Stock Price, News & Analysis

Aviat Networks (NASDAQ: AVNW) announced enhancements to its AviatCloud software suite designed to simplify backhaul network management and reduce total cost of ownership (TCO). Key improvements include Aviat Design supporting a full range of frequency bands and Aviat Store offering 40 new pre-configured microwave kits. A new online order management application, My Orders, allows real-time tracking, while Aviat Managed Services introduces Frequency Assurance Software for proactive interference monitoring.

Aviat Networks (NASDAQ: AVNW) announced the appointment of Michele Klein to its board of directors on May 17, 2021. Klein brings extensive experience in corporate growth and mergers & acquisitions, particularly in the systems, software, and energy sectors. As a former senior director at Applied Ventures, she possesses a strong background in investment strategy. John Mutch, Aviat's Chairman, praised her for her growth orientation and governance expertise, emphasizing her potential to enhance the company's growth strategy and profitability, benefiting shareholders significantly.

Aviat Networks, Inc. (NASDAQ: AVNW) will present at the 16th Annual Needham Virtual Technology & Media Conference on May 17, 2021, from 1:30 PM to 2:10 PM ET. Presenters include CEO Pete Smith, CFO Eric Chang, and VP Keith Fanneron. They will also offer one-on-one virtual meetings with interested investors throughout the day. With over one million systems sold in 170 countries, Aviat is a leader in wireless transport solutions, providing dependable products and services to government and defense organizations.

Aviat Networks (NASDAQ: AVNW) has partnered with Union Wireless to enhance its network by utilizing Aviat's all-outdoor WTM radio systems. This collaboration aims to improve backhaul capacity for Union Wireless, which operates in Wyoming, Colorado, Utah, and Idaho. The Aviat Store's e-commerce platform will streamline purchasing and installation processes. Aviat's radios are noted for their high system gain and multi-band functionality, reducing total ownership costs. This partnership supports Union Wireless in providing better broadband access to rural communities.

Aviat Networks, a leader in wireless transport solutions, announced participation in Oppenheimer's 6th Annual Emerging Growth Conference from May 11-13, 2021. Key executives including CEO Pete Smith, CFO Eric Chang, and VP of Global Finance Keith Fanneron will engage in one-on-one investor meetings. With over one million systems sold in 170 countries, Aviat provides reliable products and services to various sectors, including government and defense. Founded over 70 years ago, the company continues to innovate and enhance customer experiences.

Aviat Networks (NASDAQ: AVNW) reported strong financial results for Q3 fiscal 2021, with total revenues of $66.4 million, an increase of 8.2% year-over-year. North America saw significant growth, with revenues rising 12.8% to $42.0 million. The company achieved a GAAP net income of $94.7 million or $8.00 per share, driven by a one-time tax benefit. Adjusted EBITDA improved to $7.3 million from $3.5 million a year ago, indicating effective operational strategies. The introduction of the new WTM4000 software aims to enhance customers' cost efficiency in microwave links.

Aviat Networks (AVNW) will release its third quarter fiscal 2021 results on May 5, 2021, after market close. This announcement covers the financial performance for the period ending April 2, 2021. An earnings conference call will be held on the same day at 5:00 p.m. ET, featuring key executives including CEO Pete Smith and CFO Eric Chang. Interested parties can access the call via Aviat's Investor Relations website. Aviat Networks specializes in wireless transport solutions, serving customers across 170 countries with a comprehensive suite of products and services.

Aviat Networks (NASDAQ: AVNW) has secured a multi-million-dollar contract with Africell, a mobile operator with over 12 million subscribers in Africa, to implement a 5G-ready disaggregated transmission network across several African nations. This project, scheduled for Q2 2021, marks Africell's first TIP-compliant DCSG initiative. Aviat will supply its WTM 4000 and WTM 4800 point-to-point radios and CTR microwave switches. The deployment is a strategic move as Africell aims to meet the increasing demand for high-speed mobile internet services.

Aviat Networks (NASDAQ: AVNW) has launched A2C+, an innovative software for the WTM 4000 radio platform that doubles microwave link capacity without extra equipment. This technology reduces capital and operational expenses, delivering significant cost benefits. Key features include enhanced system performance, up to 12 dB more system gain, increased link uptime, and lower power consumption. A2C+ provides a simplified deployment process and is now available for shipping, marking a significant advancement in network modernization.