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Aviat Networks, Inc. - $AVNW STOCK NEWS

Welcome to our dedicated page for Aviat Networks news (Ticker: $AVNW), a resource for investors and traders seeking the latest updates and insights on Aviat Networks stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Aviat Networks's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Aviat Networks reports total revenue of $87.6 million, up 7.8% YoY. GAAP operating income increases by 41.8% YoY to $5.5 million. Adjusted EBITDA rises by 13.1% YoY to $12.1 million. Operating cash flows reach $14.0 million. North America revenue grows by 13.6% YoY to $55.5 million. International revenue decreases by 1.1% YoY to $32.1 million.
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Aviat Networks to release Q1 fiscal 2024 financial results
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Aviat Networks receives orders totaling over $50M for statewide public safety networks, utilizing high-power microwave radios and management software. Confidence in future business prospects from government funding sources.
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The PAWR Project Office unveils ARA, a new testbed in Central Iowa for research on rural wireless systems. ARA combines commercial and programmable network systems and aims to narrow the gap between rural and urban connectivity. The platform partners with Aviat, Skylark Wireless, NI, and Ericsson for various technologies. Ericsson contributes equipment and services for a commercial-grade 5G standalone network. ARA offers opportunities for wireless research in a rural setting, including precision agriculture applications. ARA is named an Open Testing and Integration Center (OTIC) by the O-RAN ALLIANCE.
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Hoosier Energy has selected Aviat Networks for the upgrade and modernization of their microwave transmission network. They will deploy Aviat's new IRU600 UHP 11 GHz indoor microwave radio to mitigate potential interference in the 6 GHz band. Initial shipments are planned to commence in the second half of 2023.
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Aviat Networks reports Q4 revenue of $91.2M, up 17.8% YoY. Q4 GAAP operating income of $6.3M, up 20.6% YoY. Q4 adjusted EBITDA of $12.6M, up 37.5% YoY. Full-year revenue of $346.6M, up 14.4% YoY. Full-year adjusted EBITDA of $47M, up 22.7% YoY. Backlog of $289M, up 18% YoY. Cash balance of $22.2M with no outstanding loans. Fiscal 2024 revenue guidance of $367-374M and adjusted EBITDA guidance of $51-56M.
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Aviat Networks, Inc. will release its Q4 fiscal 2023 and full year financial results on August 23, 2023. An earnings conference call and webcast will be held to discuss the results.
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Aviat Networks, Inc. (NASDAQ: AVNW) will participate in several upcoming investor conferences, including Oppenheimer 26th Annual Technology, Internet, and Communications Conference, Jefferies Semiconductor, IT, Hardware and Communications Technology Summit, Lake Street Capital Markets Big7 Conference, and Northland Capital Markets Institutional Investor Conference. Investors can schedule meetings with management through their representatives. Presentations and materials will be available on Aviat's website.
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Aviat Networks, Inc.

Nasdaq:AVNW

AVNW Rankings

AVNW Stock Data

356.28M
11.30M
10.08%
75%
4.53%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
Link
United States of America
AUSTIN

About AVNW

aviat networks, inc. (nasdaq: avnw) is a leading global provider of microwave networking solutions transforming communications networks to handle the exploding growth of ip-centric, multi-gigabit data services. with more than 750,000 systems installed around the world, aviat networks provides lte-proven microwave networking solutions to mobile operators, including some of the largest and most advanced 4g/lte networks in the world. public safety, utility, government and defense organizations also trust aviat networks’ solutions for their mission-critical applications where reliability is paramount. in conjunction with its networking solutions, aviat networks provides a comprehensive suite of localized professional and support services enabling customers to effectively and seamlessly migrate to next generation carrier ethernet/ip networks. for more than 50 years, customers have relied on aviat networks’ high performance and scalable solutions to help them maximize their investments and s