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Aviat Networks, Inc. (NASDAQ: AVNW) is a leading global provider of microwave networking solutions, adept at transforming communications networks to accommodate the surging growth of IP-centric, multi-gigabit data services. With over 750,000 systems installed globally, Aviat Networks offers robust LTE-compatible microwave networking solutions to mobile operators, including some of the world's most advanced 4G/LTE networks. Public safety organizations, utility companies, government agencies, and defense organizations trust Aviat Networks for their mission-critical applications where reliability is non-negotiable.
The company's product portfolio includes point-to-point microwave and millimeter wave radios that operate in licensed, lightly licensed, and license-exempt frequencies. Additionally, Aviat provides advanced element and network management software, ensuring seamless network operations. Its comprehensive suite of localized professional and support services aids customers in effectively migrating to next-generation carrier Ethernet/IP networks.
In recent news, Aviat Networks secured orders exceeding $50 million from two U.S. state governments for statewide public safety networks, utilizing high-power microwave radios, high availability routers, and management software. These projects underscore Aviat's commitment to providing high-reliability solutions for critical infrastructure. Furthermore, the company reported significant financial growth, with total revenues for the fiscal 2024 first quarter reaching $87.6 million, a 7.8% increase from the previous year.
As of January 2024, Aviat announced a strategic collaboration with PT Smartfren Telecom Tbk to provide high-speed wireless connectivity and private networks across Indonesia, capitalizing on the anticipated $7.4 billion market for private LTE and 5G networks by 2027.
Founded over 70 years ago, Aviat Networks has sold more than one million systems in 170 countries, continuously delivering high-performance products and simplified operations. The company is headquartered in Austin, Texas, and remains at the forefront of microwave networking innovation, providing exceptional customer service and support.
Aviat Networks (NASDAQ: AVNW) announced the launch of the industry's first single box, single antenna multi-band radios, the WTM 4811 and WTM 4813. These radios combine 11 and 13 GHz microwave bands with 80 GHz E-Band, enhancing network performance and lowering backhaul costs. The WTM 4811 supports up to 10 Gbps, significantly up from 1.5 Gbps. This solution aims to help operators avoid costly fiber builds while providing a lower Total Cost of Ownership (TCO). Orders are being accepted now, with benefits highlighted in terms of installation, maintenance, and cost savings.
Aviat Networks (NASDAQ: AVNW) announced that its President and CEO, Pete Smith, along with VP Marketing Gary Croke, will present at the Raymond James Virtual Valley Visit Symposium on May 26, 2021, from 3:00 PM to 3:50 PM ET. The discussion will focus on the company’s wireless transport systems, services for 5G, rural broadband, and private networks, as well as industry trends, revenue growth strategies, and differentiation through lower total ownership costs. Aviat Networks aims to provide reliable solutions in over 170 countries.
Aviat Networks (NASDAQ: AVNW) announced participation in the 49th Annual Cowen Technology, Media & Telecom Conference on June 3, 2021, from 9:50am to 10:20am ET. The company's President and CEO Pete Smith and CFO Eric Chang will present at the event. Virtual one-on-one meetings will be available for investors throughout the day. Interested parties must register for the invitation-only conference. Aviat Networks specializes in wireless transport solutions and operates globally with over one million systems sold in 170 countries.
Aviat Networks (NASDAQ: AVNW) announced enhancements to its AviatCloud software suite designed to simplify backhaul network management and reduce total cost of ownership (TCO). Key improvements include Aviat Design supporting a full range of frequency bands and Aviat Store offering 40 new pre-configured microwave kits. A new online order management application, My Orders, allows real-time tracking, while Aviat Managed Services introduces Frequency Assurance Software for proactive interference monitoring.
Aviat Networks (NASDAQ: AVNW) announced the appointment of Michele Klein to its board of directors on May 17, 2021. Klein brings extensive experience in corporate growth and mergers & acquisitions, particularly in the systems, software, and energy sectors. As a former senior director at Applied Ventures, she possesses a strong background in investment strategy. John Mutch, Aviat's Chairman, praised her for her growth orientation and governance expertise, emphasizing her potential to enhance the company's growth strategy and profitability, benefiting shareholders significantly.
Aviat Networks, Inc. (NASDAQ: AVNW) will present at the 16th Annual Needham Virtual Technology & Media Conference on May 17, 2021, from 1:30 PM to 2:10 PM ET. Presenters include CEO Pete Smith, CFO Eric Chang, and VP Keith Fanneron. They will also offer one-on-one virtual meetings with interested investors throughout the day. With over one million systems sold in 170 countries, Aviat is a leader in wireless transport solutions, providing dependable products and services to government and defense organizations.
Aviat Networks (NASDAQ: AVNW) has partnered with Union Wireless to enhance its network by utilizing Aviat's all-outdoor WTM radio systems. This collaboration aims to improve backhaul capacity for Union Wireless, which operates in Wyoming, Colorado, Utah, and Idaho. The Aviat Store's e-commerce platform will streamline purchasing and installation processes. Aviat's radios are noted for their high system gain and multi-band functionality, reducing total ownership costs. This partnership supports Union Wireless in providing better broadband access to rural communities.
Aviat Networks, a leader in wireless transport solutions, announced participation in Oppenheimer's 6th Annual Emerging Growth Conference from May 11-13, 2021. Key executives including CEO Pete Smith, CFO Eric Chang, and VP of Global Finance Keith Fanneron will engage in one-on-one investor meetings. With over one million systems sold in 170 countries, Aviat provides reliable products and services to various sectors, including government and defense. Founded over 70 years ago, the company continues to innovate and enhance customer experiences.
Aviat Networks (NASDAQ: AVNW) reported strong financial results for Q3 fiscal 2021, with total revenues of $66.4 million, an increase of 8.2% year-over-year. North America saw significant growth, with revenues rising 12.8% to $42.0 million. The company achieved a GAAP net income of $94.7 million or $8.00 per share, driven by a one-time tax benefit. Adjusted EBITDA improved to $7.3 million from $3.5 million a year ago, indicating effective operational strategies. The introduction of the new WTM4000 software aims to enhance customers' cost efficiency in microwave links.
Aviat Networks (AVNW) will release its third quarter fiscal 2021 results on May 5, 2021, after market close. This announcement covers the financial performance for the period ending April 2, 2021. An earnings conference call will be held on the same day at 5:00 p.m. ET, featuring key executives including CEO Pete Smith and CFO Eric Chang. Interested parties can access the call via Aviat's Investor Relations website. Aviat Networks specializes in wireless transport solutions, serving customers across 170 countries with a comprehensive suite of products and services.
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