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.
Aviat Networks, Inc. (NASDAQ: AVNW) is a wireless transport and access solutions provider serving communications service providers and private network operators, including state and local government, utility, federal government and defense organizations. This news page aggregates press releases, market announcements and other coverage related to Aviat’s operations, technology and corporate developments.
Readers can find updates on financial results, such as quarterly and annual earnings announcements, where Aviat reports product and services revenue, geographic performance in North America and international markets, and metrics like operating income and Adjusted EBITDA. These releases provide insight into how the company’s wireless transport and access business is performing over time.
The news feed also includes product and solution announcements, for example Aviat’s introduction of an Aprisa LTE 5G router solution for police, fire and emergency vehicles, and its partnership with Intracom Telecom to deliver Fixed Wireless Access solutions using high-capacity millimeter wave bands. Such items illustrate how Aviat applies its wireless expertise to public safety, enterprise and 5G access use cases.
Investors and followers of AVNW can track corporate and governance news, including executive appointments, changes in the finance leadership team, participation in investor conferences, and updates on credit facilities or other financing arrangements disclosed via press releases and SEC filings. Together, these items provide a view of Aviat’s strategic priorities and capital structure.
For anyone monitoring the AVNW stock or the broader wireless communications equipment sector, this page offers a centralized view of Aviat-related news, from earnings and governance updates to technology partnerships and public safety-focused solutions.
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.
Aviat Networks urges Ceragon Networks shareholders to vote FOR the removal of three directors and the election of five independent nominees at the upcoming Extraordinary General Meeting on August 23, 2022. Aviat's proposal, offering $3.08 per share, represents a 47% premium over Ceragon's recent stock price. The current board's failure to negotiate has led to operational challenges and declining stock prices. Aviat emphasizes the need for board change to enhance shareholder value and address ongoing operational setbacks.
Aviat Networks (NASDAQ: AVNW) urges Ceragon Networks shareholders to support its proposal by voting for all five nominees on the GOLD proxy card. In an open letter dated August 11, 2022, Aviat rebuts claims made by Ceragon's Board, emphasizing that its acquisition proposal of $3.08/share offers a 47% premium over Ceragon’s recent stock price and could deliver greater shareholder value. Aviat cites Ceragon's operational challenges, declining guidance, and significant free cash flow burn as reasons for its proposal, while denouncing the current Board's lack of engagement and alleged conflicts of interest.
Ceragon Networks (NASDAQ: CRNT) has rejected Aviat Networks' (NASDAQ: AVNW) revised offer of $3.08 per share, deeming it significantly undervaluing the company. Ceragon's Board, supported by independent advisors, insists the offer fails to reflect their strong business momentum, which includes a 30.3% gross margin and $179 million in bookings for H1 2022. The company urges shareholders to vote against Aviat's proxy card to prevent control of the Board by unqualified nominees, emphasizing they remain open to fair transaction proposals while prioritizing shareholder value.
Aviat Networks, Inc. (NASDAQ: AVNW) announced it will release its fourth quarter fiscal 2022 and full year financial results on August 23, 2022, post-market close. The results will cover the period ending July 1, 2022. A conference call to discuss these results will occur on the same day at 5:00 p.m. ET, featuring CEO Pete Smith and CFO David Gray. Investors can access the call via the company's Investor Relations website.
Aviat Networks has submitted a revised proposal to acquire Ceragon Networks at $3.08 per share, comprising $2.80 in cash and $0.28 in Aviat stock. This offer represents a 47% premium to Ceragon's June 27, 2022 closing price and a 64% premium to its 60-day average share price. The proposal aims to provide immediate and long-term value for shareholders, addressing their calls for a combination. Despite Ceragon's recent financial struggles, Aviat remains committed to the acquisition, highlighting potential synergies and revenue growth opportunities from the merger.
Aviat Networks, Inc. (NASDAQ: AVNW) announced its participation in two upcoming investor conferences. On August 10, 2022, the company will present at the Oppenheimer 25th Annual Technology, Internet & Communications Conference at 2:55pm ET and engage in virtual 1-on-1 meetings. A webcast will be available on their investor relations site. Additionally, on August 30, 2022, Aviat will attend the Jefferies Semiconductor, IT Hardware, and Communications Infrastructure Summit in Chicago, offering further 1-on-1 meetings. Interested investors should contact their respective representatives.
Aviat Networks (NASDAQ: AVNW) has reached out to Ceragon Networks (NASDAQ: CRNT) shareholders, urging them to vote for five independent director nominees at the upcoming Extraordinary Meeting on August 23, 2022. The nominees bring extensive qualifications and are positioned to restore independence to Ceragon's Board, which has seen a significant drop in shareholder value. Aviat proposes these changes to allow for a fresh perspective, particularly in evaluating Aviat's acquisition offer that seeks to deliver immediate value to Ceragon's shareholders.
Aviat Networks, Inc. (AVNW) has addressed Ceragon Networks Ltd.'s (CRNT) misleading claims about Aviat's acquisition proposal. In a letter to Ceragon shareholders, Aviat emphasized its $2.80 per share cash offer and financing capabilities, asserting that its proposal would deliver immediate premium value. Aviat criticized Ceragon's board for obstructive behaviors and urged shareholders to support its director nominations at the upcoming Extraordinary General Meeting (EGM) on August 23, 2022, stating that a new board would better evaluate the acquisition opportunity.
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