Aviat Networks Inc Stock Price, News & Analysis

Aviat Networks (NASDAQ: AVNW) announced that Wisper Internet has chosen its all-outdoor WTM 4000 radio platform to expand broadband access in underserved Midwest communities. After evaluating multiple manufacturers, Wisper selected Aviat based on performance, support, and total ownership costs. The partnership is supported by $220.3 million from the FCC's Connect America Fund Phase II to enhance services across six states. Aviat's advanced radios facilitate rapid deployment and scalability, ensuring high-speed access that meets growing demand for rural internet connectivity.

Aviat Networks (NASDAQ: AVNW) announced participation in the Raymond James Technology Conference from December 6-8, 2021. Key executives, including CEO Pete Smith and CFO David Gray, will attend and hold one-on-one meetings with investors on December 8. The company specializes in wireless transport solutions, having sold over one million systems globally. With a legacy of microwave innovations spanning over 70 years, Aviat Networks provides reliable services and support to various sectors, including government and utilities. For more information, visit www.aviatnetworks.com.

Aviat Networks, Inc. (NASDAQ: AVNW) has announced a new stock repurchase program, allowing for the purchase of up to $10 million of its common stock. This follows an earlier program that utilized $7.5 million. The buyback will occur under authorized Rule 10b5-1 plans and other methods compliant with federal securities laws. As of October 31, 2021, Aviat had 11.2 million shares outstanding. The company aims to enhance shareholder value through this initiative, while retaining the flexibility to suspend or terminate the program at any time.

Aviat Networks (NASDAQ: AVNW) announced the launch of MB-XD, enhancing its WTM 4800 Multi-Band product line. This innovation extends 10 Gbps link distances up to 20 km, catering to 5G and rural broadband needs. MB-XD significantly reduces total cost of ownership (TCO) by up to 90% compared to fiber options. The company's multi-band radios offer a unique alternative to traditional microwave solutions, helping operators manage high-capacity requirements and avoid expensive fiber installations. Aviat's leadership in this market segment is reinforced by the new product's capabilities.

Aviat Networks, a leader in wireless transport solutions, announced participation in the 10th Annual Roth Technology Event from November 16-18, 2021. Key executives, including CEO Pete Smith and CFO David Gray, will hold virtual one-on-one meetings on November 17 to engage with investors. Aviat Networks has delivered over one million systems in 170 countries, serving critical communications needs across various sectors. For inquiries regarding the event, interested parties can contact Roth representatives or email registration@roth.com.

Aviat Networks (NASDAQ: AVNW) has announced participation in the Needham Virtual Security, Networking, and Communications Conference on November 16, 2021. Executives, including Pete Smith, CEO, and David Gray, CFO, will host a virtual fireside chat at 3:00 PM EST and hold one-on-one meetings with investors. Aviat Networks specializes in wireless transport solutions and has over one million systems deployed in 170 countries, catering to communications service providers and government entities. For further details, contact your Needham Representative or email conferences@needhamco.com.

Aviat Networks reported a 10.4% year-over-year revenue increase to $73.2 million for Q1 fiscal 2022, driven by a 12% growth in North America. The company maintained a gross margin of 35.7% despite inflationary pressures. GAAP net income decreased to $4.7 million, or $0.39 per share, from $5.9 million in the same quarter last year. Non-GAAP net income improved to $8.1 million, or $0.67 per share. Aviat launched high availability routing software and is well-positioned in the rural broadband market, with significant engagement among RDOF winners.

Aviat Networks, Inc. (NASDAQ: AVNW) will release its first quarter fiscal 2022 earnings for the period ending October 1, 2021, on November 3, 2021, after market close. The Company will host a live conference call at 5:00 p.m. ET on the same day, featuring CEO Pete Smith, CFO David Gray, and VP Keith Fanneron. Dial-in information is provided for participants, and the call will be accessible via Aviat's Investor Relations website. The Company is known for its expertise in wireless transport solutions, with over one million systems deployed globally.

Aviat Networks (NASDAQ: AVNW) has appointed David M. Gray as its new Senior Vice President and Chief Financial Officer, effective immediately. He will work alongside departing CFO Eric Chang, who will stay in an advisory role. Gray has extensive experience as CFO at global manufacturers, including Superior Essex and Cooper Industries. CEO Pete Smith expressed confidence in Gray's ability to drive growth and affirmed the company's guidance issued on August 25, 2021, ahead of their next earnings call.