Aviat Networks Inc Stock Price, News & Analysis

Aviat Networks, a leader in wireless transport solutions, announced participation in the 33rd Annual Roth Conference, scheduled for March 15-17, 2021. Key executives, including President and CEO Pete Smith and CFO Eric Chang, will meet with investors on a one-on-one basis. The company, headquartered in Austin, Texas, has sold over one million systems across 170 countries, serving various sectors such as government and defense. For more details, visit Aviat Networks.

Aviat Networks (NASDAQ: AVNW) has partnered with LTD Broadband, a leading ISP, to aid its expansion using Aviat's WTM 4000 microwave systems. LTD Broadband, awarded $1.3 billion from the Rural Digital Opportunity Fund (RDOF), aims to enhance connectivity across several US states including Iowa and Minnesota. Aviat's innovative technology allows for faster deployment, improved system performance, and reduced costs. This collaboration opens significant opportunities with RDOF funding while addressing the critical need for reliable internet access in rural regions.

Aviat Networks, a leader in wireless transport solutions, will present at the MicroCap Rodeo Winter Wonderland Conference from February 16-19, 2021. The company is scheduled to speak on February 17 at 1:30 pm EST, with opportunities for one-on-one meetings. Key presenters include CEO Pete Smith and CFO Eric Chang. This virtual event showcases 35 top investment ideas recommended by qualified institutional investors. Aviat, headquartered in Austin, Texas, has sold over one million systems in 170 countries, serving various sectors, including government and utilities.

Aviat Networks has been selected by DISH Network as a primary supplier for 5G microwave transport. The decision will enable DISH to leverage Aviat's advanced hardware and software solutions, aimed at enhancing high-capacity microwave wireless networks. Key offerings include a unique multi-band solution and highly efficient radios integrated with software-defined networking. This partnership comes as the 5G wireless transport market is projected to surpass $1B by 2023, highlighting the growing importance of microwave technology in the industry.

Aviat Networks reported record financial results for the fiscal 2021 second quarter, achieving revenues of $70.5 million, a 26.0% increase year-over-year. North America revenues reached $49.2 million, up 34.8%, driven by the Private Network segment. Key highlights include a GAAP net income of $6.6 million and an adjusted EBITDA of $10.1 million, showcasing operational efficiency. The company raised its full-year revenue guidance to $255 million - $265 million. With a strong balance sheet and no debt, Aviat is well-positioned for future growth amidst ongoing challenges.

Aviat Networks, Inc. (NASDAQ: AVNW) will release its second quarter fiscal 2021 results on February 3, 2021, after the market closes. The earnings conference call is scheduled for the same day at 5:00 p.m. ET, featuring key executives including CEO Pete Smith and CFO Eric Chang. The call will be accessible via Aviat's Investor Relations website and will include a replay available shortly after the live event. Aviat is recognized for its wireless transport solutions, with over one million systems sold worldwide.

Aviat Networks (NASDAQ: AVNW) announced a multimillion-dollar order from Nextlink Internet to extend its fiber backbone using the Aviat WTM 4000 microwave and multi-band platform. This partnership allows Nextlink to leverage Aviat's e-commerce platform, the Aviat Store, enhancing purchasing efficiency and reducing costs. The collaboration is aimed at expanding broadband connectivity in rural America, with a focus on leveraging upcoming government funding, including $9 billion from the 5G Fund for Rural America and $20 billion from the Rural Digital Opportunity Fund.

Aviat Networks reported a strong first quarter for fiscal 2021, ending October 2, 2020, with total revenues of $66.3 million, a 13.1% increase from the previous year. North America revenues rose 14.4% to $45.5 million, while international revenues grew by 10.3% to $20.8 million. Operating income improved to $6.6 million, and net income reached $5.9 million, reflecting significant operational efficiencies. The company introduced a full-year revenue guidance of $245 million to $255 million.

Aviat Networks (NASDAQ: AVNW) has shifted its fiscal year 2020 Annual Meeting of Stockholders to a virtual-only format due to COVID-19. The meeting will occur on November 11, 2020, at 12:30 p.m. Central Time, with access provided via a webcast link. Stockholders can find information regarding voting and participation in the proxy materials filed with the Securities and Exchange Commission on September 25, 2020 and supplemented on October 28, 2020. Aviat Networks continues to be a leader in wireless transport solutions, having sold over one million systems globally.