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 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, 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.
Aviat Networks (NASDAQ: AVNW) has secured a multi-million-dollar contract with Africell, a mobile operator with over 12 million subscribers in Africa, to implement a 5G-ready disaggregated transmission network across several African nations. This project, scheduled for Q2 2021, marks Africell's first TIP-compliant DCSG initiative. Aviat will supply its WTM 4000 and WTM 4800 point-to-point radios and CTR microwave switches. The deployment is a strategic move as Africell aims to meet the increasing demand for high-speed mobile internet services.
Aviat Networks (NASDAQ: AVNW) has launched A2C+, an innovative software for the WTM 4000 radio platform that doubles microwave link capacity without extra equipment. This technology reduces capital and operational expenses, delivering significant cost benefits. Key features include enhanced system performance, up to 12 dB more system gain, increased link uptime, and lower power consumption. A2C+ provides a simplified deployment process and is now available for shipping, marking a significant advancement in network modernization.
Aviat Networks (NASDAQ: AVNW) has announced a two-for-one stock split, approved by its Board of Directors, to increase stock accessibility for a wider range of investors. Each stockholder of record on April 1, 2021 will receive one additional share for each share held, with distribution set for after trading closes on April 7, 2021. This decision reflects Aviat's commitment to enhancing shareholder value as the company continues to lead in wireless transport solutions. The firm has sold over one million systems globally, serving various sectors including government and defense.
Aviat Networks, a leader in wireless transport solutions, announced participation in the 33rd Annual Roth Conference, scheduled for March 15-17, 2021. Key executives, including President and CEO Pete Smith and CFO Eric Chang, will meet with investors on a one-on-one basis. The company, headquartered in Austin, Texas, has sold over one million systems across 170 countries, serving various sectors such as government and defense. For more details, visit Aviat Networks.
Aviat Networks (NASDAQ: AVNW) has partnered with LTD Broadband, a leading ISP, to aid its expansion using Aviat's WTM 4000 microwave systems. LTD Broadband, awarded $1.3 billion from the Rural Digital Opportunity Fund (RDOF), aims to enhance connectivity across several US states including Iowa and Minnesota. Aviat's innovative technology allows for faster deployment, improved system performance, and reduced costs. This collaboration opens significant opportunities with RDOF funding while addressing the critical need for reliable internet access in rural regions.
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