Aviat Networks Inc Stock Price, News & Analysis

Aviat Networks reported a total revenue of $90.7 million for Q2 fiscal 2023, reflecting a 16.5% year-over-year increase. Adjusted EBITDA reached $12.9 million, a 27.4% increase compared to the prior year. North America revenue rose to $52.0 million, while international revenue surged 44.1% to $38.6 million. Despite facing pressures on gross margins, the company launched a new Multi-Band solution and progressed on integrating its recent acquisition, Redline Communications. Aviat raised its full-year revenue guidance to $340-$347 million and Adjusted EBITDA to $45.0-$47.5 million.

Aviat Networks, Inc. (NASDAQ: AVNW) is set to release its second quarter fiscal 2023 financial results for the period ending December 30, 2022, on February 1, 2023, after market hours. Following the results announcement, the company will conduct a conference call at 5:00 p.m. ET, featuring CEO Pete Smith and CFO David Gray. Investors can join the call via a webcast or telephone. Aviat Networks specializes in wireless transport solutions and has a strong global presence, with over one million systems sold in 170 countries.

Aviat Networks reported its fiscal 2023 Q1 results, showing total revenues of $81.3 million, a year-over-year increase of 11.1%. The company achieved a GAAP gross margin of 36.3%, up from 35.7% last year, and reported Adjusted EBITDA of $10.7 million. However, GAAP net loss was $(2.7) million compared to a profit of $4.7 million in Q1 2022. The acquisition of Redline Communications was completed and has integrated as planned, contributing positively to revenues. Despite the revenue increase, North American sales declined by 4.1%.

Bharti Airtel has contracted Aviat Networks (AVNW) for its wireless multiband radio solutions to enhance its microwave backhaul network. This partnership aims to support Airtel's 5G service expansion across India, utilizing Aviat's E-Band and Multi-Band solutions. The deployment includes maintenance and the introduction of dual channel E-Band radios to improve network capacity and customer speeds. Both companies expressed satisfaction with the collaboration, emphasizing the significance of 5G growth in India.

Aviat Networks, Inc. (NASDAQ: AVNW) will release its first quarter fiscal 2023 financial results on November 2, 2022, after market close. The earnings conference call will commence at 5:00 p.m. ET on the same day, featuring CEO Pete Smith and CFO David Gray. Investors can participate via webcast or telephone by registering online. Aviat Networks, a leader in wireless transport solutions, has sold over one million systems across 170 countries, focusing on dependable products and customer support.

Aviat Networks (NASDAQ: AVNW) has launched the Vendor Agnostic Multi-Band solution, allowing operators to upgrade existing microwave links up to 10 Gbps. This innovation addresses the limitations of legacy microwave systems, enabling cost-effective capacity expansion without the need for costly fiber replacements. Key features include a patented L1 Link Aggregation algorithm, support for extended distance Multi-Band links, and the ability to incorporate multiple channels in a single unit. The solution will ship in October and is currently available for order.

Ceragon Networks Ltd. (NASDAQ: CRNT) announced that shareholders overwhelmingly rejected all proposals from Aviat Networks, Inc. (NASDAQ: AVNW) during the 2022 Extraordinary General Meeting (EGM). Approximately 80% of shares voted against all of Aviat's proposals, with support for Aviat's director nominees falling below 15% of total shares outstanding. Ceragon's Board expressed confidence in its strategy and business momentum, indicating that Aviat's offers significantly undervalued the company. Ceragon remains open to transactions that provide fair value to its shareholders.

Aviat Networks (NASDAQ: AVNW) reported Q4 2022 revenues of $77.4 million, up 8.0% year-over-year, with significant growth in international markets. The company achieved a GAAP operating income of $5.2 million, a 40.4% increase year-over-year. Adjusted EBITDA rose to $9.1 million, reflecting a 31.1% increase. Full-year revenues stood at $303.0 million, marking a 10.2% growth. Notably, quarterly bookings are the highest in over a decade, underscoring a strong strategic execution. Cash reserves reached $47.8 million, with no outstanding loans.

Aviat Networks (NASDAQ: AVNW) has launched software enabling integrated IP/MPLS and Segment Routing on its WTM 4000 all-outdoor wireless platform. This update allows operators to eliminate separate Cell Site Routers, potentially reducing total cost of ownership (TCO) by up to $15,000 per site over five years. The new system offers 10 Gbps connectivity and improved network management, enhancing the efficiency of access networks. This innovation aligns with Aviat's commitment to simplify network operations while lowering costs for customers.