AVNW stock icon

Aviat Networks
AVNW

$29.39
2.1%
 

About: Aviat Networks Inc is a networking solutions provider. It designs, manufactures, and sells wireless networking products, solutions, and services to mobile and fixed operators, private network operators, government agencies, transportation and utility companies, public safety agencies, and broadcast network operators around the world. The company's product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.

Employees: 704

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 4 analysts
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

200% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 3 (+2) [Q1 2024]

149% more call options, than puts

Call options by funds: $6.3M | Put options by funds: $2.53M

45% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 29

25% more capital invested

Capital invested by funds: $300M [Q4 2023] → $374M (+$74.2M) [Q1 2024]

0.59% less ownership

Funds ownership: 78.0% [Q4 2023] → 77.42% (-0.59%) [Q1 2024]

17% less funds holding

Funds holding: 127 [Q4 2023] → 105 (-22) [Q1 2024]

67% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 33

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$50
70%
upside
Avg. target
$54
82%
upside
High target
$59
101%
upside

4 analyst ratings

positive
100%
neutral
0%
negative
0%
B. Riley Securities
Dave Kang
87%upside
$55
Buy
Maintained
2 May 2024
JMP Securities
Erik Suppiger
70%upside
$50
Market Outperform
Reiterated
7 Feb 2024
B. Riley Securities
Dave Kang
101%upside
$59
Buy
Maintained
7 Feb 2024
JMP Securities
Erik Suppiger
70%upside
$50
Market Outperform
Reiterated
5 Feb 2024

Financial journalist opinion

Neutral
PRNewsWire
1 month ago
Aviat Networks Announces Fiscal 2024 Third Quarter and Nine Month Financial Results
Total Revenue of $111.6 million; Up 33.7% Year-Over-Year Adjusted EBITDA of $12.0 million; Up 11.1% Year-Over-Year Cash from Operations of $15.3 million in current quarter, $22.2 million year-to-date AUSTIN, Texas , May 1, 2024 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today reported financial results for its fiscal 2024 third quarter ended March 29, 2024. Third Quarter Highlights Grew core Aviat revenue by 7%, driven by strong international sales and private network growth Achieved 15th consecutive quarter of growth in both revenue and Adjusted EBITDA on a trailing twelve-month basis Generated positive free cash flow in the quarter from both the core Aviat and Pasolink businesses Secured first India microwave backhaul radio orders adding an addressable segment of $200 million Third Quarter Financial Highlights Total Revenues: $111.6 million, up 33.7% from the same quarter last year GAAP Results: Gross Margin 32.7%; Operating Expenses $31.5 million; Operating Income $5.0 million; Net Income $3.4 million; Net Income per diluted share ("Net Income per share") $0.27 Non-GAAP Results: Adjusted EBITDA $12.0 million; Gross Margin 35.2%; Operating Expenses $28.5 million; Operating Income $10.8 million; Net Income $9.4 million; Net Income per share $0.73 Net cash and marketable securities: $59.2 million; cash net of debt: $10.2 million "This quarter Aviat achieved continued organic revenue and profitability growth," said Pete Smith, President and Chief Executive Officer of Aviat Networks.
Aviat Networks Announces Fiscal 2024 Third Quarter and Nine Month Financial Results