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 wireless transport and access solutions provider serving communications service providers and private network operators, including state and local government, utility, federal government and defense organizations. This news page aggregates press releases, market announcements and other coverage related to Aviat’s operations, technology and corporate developments.
Readers can find updates on financial results, such as quarterly and annual earnings announcements, where Aviat reports product and services revenue, geographic performance in North America and international markets, and metrics like operating income and Adjusted EBITDA. These releases provide insight into how the company’s wireless transport and access business is performing over time.
The news feed also includes product and solution announcements, for example Aviat’s introduction of an Aprisa LTE 5G router solution for police, fire and emergency vehicles, and its partnership with Intracom Telecom to deliver Fixed Wireless Access solutions using high-capacity millimeter wave bands. Such items illustrate how Aviat applies its wireless expertise to public safety, enterprise and 5G access use cases.
Investors and followers of AVNW can track corporate and governance news, including executive appointments, changes in the finance leadership team, participation in investor conferences, and updates on credit facilities or other financing arrangements disclosed via press releases and SEC filings. Together, these items provide a view of Aviat’s strategic priorities and capital structure.
For anyone monitoring the AVNW stock or the broader wireless communications equipment sector, this page offers a centralized view of Aviat-related news, from earnings and governance updates to technology partnerships and public safety-focused solutions.
Aviat Networks (NASDAQ: AVNW) has announced enhanced cybersecurity measures through two key initiatives: the Secure Software Development Lifecycle (SSDLC) process and Software Vulnerability Alert (SVA) service. The SSDLC implements security at every stage of software development, utilizing third-party validation and following OWASP practices.
The SVA service will provide proactive notifications to customers about potential vulnerabilities identified through MITRE 's CVE database. The system performs nightly scans of ProVision and ProVision Plus Management software, promising to alert subscribed customers within 24 hours of detecting major or critical vulnerabilities, along with mitigation recommendations or software patches.
Aviat Networks (NASDAQ: AVNW), a leader in wireless transport and access solutions, has announced its participation in three major upcoming investor conferences in early 2025:
- The 27th Annual Needham Growth Conference - Virtual event on January 16, 2025
- The 10th Annual Oppenheimer Emerging Growth Conference - Virtual event on February 26, 2025
- The 37th Annual Roth Conference - In-person event in Dana Point, CA, from March 16-18, 2025
Interested investors can arrange meetings through their institutional representatives. All presentation materials will be accessible in the Investor Relations section of Aviat's website after each event.
Aviat Networks (NASDAQ: AVNW), a leader in wireless transport and access solutions, has announced its participation in two upcoming investor conferences. The company will attend the 18th Annual Needham Virtual Security, Networking, and Communications Conference on November 19, 2024, which will be held virtually, and the 13th Annual Roth Technology Conference on November 20, 2024, in New York, NY. Interested investors can arrange meetings through their institutional representatives. All presentation materials will be accessible in the Investor Relations section of Aviat's website after the events.
Aviat Networks (AVNW) reported fiscal 2025 first quarter results with total revenue of $88.4 million, up 1.7% year-over-year. The company posted a GAAP net loss of $(11.9) million, or $(0.94) per share, and adjusted EBITDA of $(7.7) million. North America revenue decreased by 23% to $42.2 million, while International revenue grew 44.1% to $46.2 million. Gross margin declined to 22.4% GAAP and 23.2% non-GAAP. The company updated its fiscal 2025 guidance, projecting revenue between $430-470 million and adjusted EBITDA between $30-40 million.
Aviat Networks (NASDAQ: AVNW) has scheduled its fiscal 2025 first quarter financial results announcement for November 5, 2024, after market close. The company will host an earnings conference call and webcast at 4:30 p.m. ET on the same day. President and CEO Pete Smith and CFO Michael Connaway will lead the call. Investors can access the conference through Aviat's investor relations website or via telephone after registering online. A replay will be available on the company's investor relations website after the call.
Aviat Networks (NASDAQ: AVNW) reported its fiscal 2024 fourth quarter and full-year financial results. Q4 highlights include:
- Total revenue of $116.7 million, up 28.1% year-over-year
- Adjusted EBITDA of $11.9 million
- Cash from operations of $8.3 million
Full-year highlights include:
- Total revenue of $408.1 million, up 18.5% from last year
- Adjusted EBITDA of $48.1 million
- GAAP net income of $10.8 million, or $0.86 per diluted share
The company achieved its 4th consecutive fiscal year of growth in both revenue and Adjusted EBITDA. Aviat also provided fiscal 2025 guidance, projecting revenue between $450-$490 million and Adjusted EBITDA between $46-$52 million.
Aviat Networks (NASDAQ: AVNW) has announced a delay in filing its Form 10-K for fiscal year 2024, citing the need for additional time to finalize its assessment of internal control over financial reporting. The company has identified material weaknesses in its internal controls and is implementing measures to address them. Aviat also disclosed potential errors in previously reported financial information for fiscal years 2024 and 2023, which are under evaluation.
Preliminary estimates for FY2024 show:
- Revenue between $400-$409 million (up from $347 million in FY2023)
- Operating income between $15-$20 million (down from $26 million in FY2023)
- Net income between $8-$12 million (down from $12 million in FY2023)
- Cash and cash equivalents of approximately $65 million (up from $22 million in FY2023)
- Total outstanding debt of approximately $48 million (up from $0 in FY2023)
Aviat Networks, the leading expert in wireless transport and access solutions, has acquired 4RF, a top provider of industrial wireless access solutions. The acquisition broadens Aviat's reach into the $200M narrowband connectivity segment and the $1.4B Cellular (LTE/5G) Router market, expected to grow to $2.5B by 2027.
4RF's products, designed for critical infrastructure like utilities, oil, gas, public safety, and military, will augment Aviat's portfolio, opening new cross-selling opportunities with over 300 critical infrastructure customers in 160 countries. This deal is predicted to positively impact Aviat's gross margin, adjusted EBITDA, and non-GAAP EPS within the first year. Financial terms of the acquisition remain undisclosed.
Aviat Networks has appointed Michael C. Connaway as Senior Vice President and Chief Financial Officer, effective May 28, 2024. Connaway brings over 20 years of financial leadership experience, including significant roles at Honeywell and General Electric. He has successfully managed profit and loss statements ranging from $2.5 to $7 billion. Peter A. Smith, CEO of Aviat Networks, highlighted Connaway's diverse experience across multiple industries and his ability to drive value for stakeholders. Connaway replaces David Gray, who has contributed to Aviat's growth over the past three years. Aviat Networks aims to leverage Connaway's expertise to scale its growth and enhance its competitive position.
Aviat Networks, a leader in wireless transport and access solutions, will participate in key investor conferences in May and June 2024. Investors can schedule meetings with the company representatives at the events. Presentations and materials will be accessible on the Investor Relations section of Aviat's website.