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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 reported a strong first quarter for fiscal 2021, ending October 2, 2020, with total revenues of $66.3 million, a 13.1% increase from the previous year. North America revenues rose 14.4% to $45.5 million, while international revenues grew by 10.3% to $20.8 million. Operating income improved to $6.6 million, and net income reached $5.9 million, reflecting significant operational efficiencies. The company introduced a full-year revenue guidance of $245 million to $255 million.
Aviat Networks (NASDAQ: AVNW) has shifted its fiscal year 2020 Annual Meeting of Stockholders to a virtual-only format due to COVID-19. The meeting will occur on November 11, 2020, at 12:30 p.m. Central Time, with access provided via a webcast link. Stockholders can find information regarding voting and participation in the proxy materials filed with the Securities and Exchange Commission on September 25, 2020 and supplemented on October 28, 2020. Aviat Networks continues to be a leader in wireless transport solutions, having sold over one million systems globally.
Aviat Networks, Inc. (NASDAQ: AVNW) will release its first quarter fiscal 2021 results on November 5, 2020, after market close. The results will cover the period ending October 2, 2020. An earnings conference call will follow at 5:00 p.m. ET on the same day, featuring executives Pete Smith, Eric Chang, and Keith Fanneron. Interested parties can access the live call via the company's Investor Relations website. Aviat Networks specializes in wireless transport solutions and has a strong presence in the market with over one million systems sold across 170 countries.
Aviat Networks reported its financial results for fiscal 2020, with a fourth-quarter revenue of $62.7 million, down 2.5% year-over-year. Despite this, Adjusted EBITDA reached $13.5 million, exceeding guidance and marking a 50% increase from the prior year. North America revenues rose 14.2% while international revenues fell by 21.7%. GAAP net income for Q4 was $1.1 million, a decrease from $3.8 million in Q4 2019. The company expects growth in both Adjusted EBITDA and revenues for fiscal 2021, driven by new products and a focus on strategic partnerships.
Aviat Networks (NASDAQ: AVNW) will report its fiscal 2020 fourth quarter and full-year financial results for the period ending July 3, 2020, on August 27, 2020, after market close. A teleconference will follow at 4:30 p.m. Eastern for management to discuss the results and outlook, featuring comments from CEO Pete Smith and CFO Eric Chang. Interested parties can join via phone or webcast. Aviat Networks specializes in wireless transport solutions, serving diverse sectors including government and utilities.
Aviat Networks, Inc. (NASDAQ: AVNW) announced field test results with Ameren and EPRI to assess unlicensed device interference on licensed microwave links in the 6GHz band. The tests conducted on an 18.5-mile microwave link showed that both unlicensed devices caused interference, with IEEE 802.11ax causing less disruption than a Part 15 compliant radio. The new Frequency Assurance Software (FAS) effectively detected interference events. This testing underscores the significance of FAS in maintaining the reliability of licensed microwave links amid the emergence of unlicensed devices.
Aviat Networks, Inc. (NASDAQ: AVNW) announced the launch of Hosted FAS, a turnkey software and service for microwave link interference management. This hosted solution is accessible via AviatCloud, eliminating the need for customers to manage servers and software updates. Based on Aviat's patent-pending FAS Expert System, Hosted FAS provides interference monitoring and trend analysis. The solution aims to optimize customer networks without significant capital investment. Demand is strong, with multiple purchase orders already received, and it is currently in use on two public safety networks in the western USA.
Aviat Networks (NASDAQ: AVNW) announced that Safaricom, Kenya's largest telecom company, has chosen its WTM 4800 multi-band radio platform for 5G backhaul. This solution reduces the total cost of ownership (TCO) for 5G backhaul by combining microwave and E-band technologies, effectively lowering spectrum costs in markets where they are high. The WTM 4800 streamlines deployment as it is a single-box solution, simplifying the process compared to multi-box alternatives. Aviat aims to leverage its capabilities to support increasing 5G rollout demands.
Aviat Networks (NASDAQ: AVNW) has been added to the Russell Microcap® Index effective June 29, 2020, enhancing its visibility among investors. This inclusion lasts for one year and comes as part of the 2020 Russell indexes reconstitution. Being part of this index provides Aviat automatic inclusion in relevant growth and value indexes, beneficial for attracting institutional investors. FTSE Russell indexes are benchmarks for $9 trillion in assets, making this membership a potential advantage for Aviat and its shareholders as they execute their strategic financial plans.
Aviat Networks (NASDAQ: AVNW) announced a partnership with Netronics Communications to enhance microwave solutions in the Middle East, North Africa, and Central Asia. This collaboration aims to integrate Aviat's WTM 4000 platform into Netronics' NetStream product family, addressing capacity and reliability needs in the region. The agreement is expected to upgrade existing radio links, benefiting both companies by leveraging their strengths to meet growing customer demands.
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