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) announced it will release its third quarter fiscal 2023 financial results on May 3, 2023, after the market closes. The results pertain to the quarter ending March 31, 2023. Following the release, the company will host a conference call at 5:00 p.m. ET to discuss the financial and operational outcomes. Pete Smith, President and CEO, and David Gray, CFO, will be presenting during the call. The call will be accessible via the Aviat Networks Investor Relations website and through telephone registration to obtain dial-in information. Aviat Networks positions itself as a leading provider of wireless transport solutions, serving clients in over 170 countries with a range of reliable products and services.
Aviat Networks, Inc. (NASDAQ: AVNW) announced an upgrade to its Frequency Assurance Software (FAS), allowing protection for non-Aviat microwave links from 6GHz interference. Launched in 2020, FAS now supports 3rd-party microwave links, improving network performance and uptime while reducing operational costs. The software, featuring a user-friendly geo-map interface, monitors and analyzes interference trends. General availability is set for June 2023, with current trials underway with a North American tier 1 mobile operator. Aviat has a strong history in wireless solutions, serving over one million systems in 170 countries.
Aviat Networks (NASDAQ: AVNW), a leader in wireless transport solutions, will participate in key investor conferences in March 2023. The company will present at the 10th Annual JMP Securities Technology Conference in San Francisco on March 6, where CEO Pete Smith will speak at 8:30 AM PT and hold one-on-one meetings. Following this, Aviat will attend the 35th Annual Roth Conference in Dana Point on March 13 and 14, with CFO David Gray participating in individual meetings. Aviat is known for its robust products and services, having sold over one million systems globally across various sectors.
Aviat Networks reported a total revenue of $90.7 million for Q2 fiscal 2023, reflecting a 16.5% year-over-year increase. Adjusted EBITDA reached $12.9 million, a 27.4% increase compared to the prior year. North America revenue rose to $52.0 million, while international revenue surged 44.1% to $38.6 million. Despite facing pressures on gross margins, the company launched a new Multi-Band solution and progressed on integrating its recent acquisition, Redline Communications. Aviat raised its full-year revenue guidance to $340-$347 million and Adjusted EBITDA to $45.0-$47.5 million.
Aviat Networks, Inc. (NASDAQ: AVNW) is set to release its second quarter fiscal 2023 financial results for the period ending December 30, 2022, on February 1, 2023, after market hours. Following the results announcement, the company will conduct a conference call at 5:00 p.m. ET, featuring CEO Pete Smith and CFO David Gray. Investors can join the call via a webcast or telephone. Aviat Networks specializes in wireless transport solutions and has a strong global presence, with over one million systems sold in 170 countries.
Aviat Networks reported its fiscal 2023 Q1 results, showing total revenues of $81.3 million, a year-over-year increase of 11.1%. The company achieved a GAAP gross margin of 36.3%, up from 35.7% last year, and reported Adjusted EBITDA of $10.7 million. However, GAAP net loss was $(2.7) million compared to a profit of $4.7 million in Q1 2022. The acquisition of Redline Communications was completed and has integrated as planned, contributing positively to revenues. Despite the revenue increase, North American sales declined by 4.1%.
Bharti Airtel has contracted Aviat Networks (AVNW) for its wireless multiband radio solutions to enhance its microwave backhaul network. This partnership aims to support Airtel's 5G service expansion across India, utilizing Aviat's E-Band and Multi-Band solutions. The deployment includes maintenance and the introduction of dual channel E-Band radios to improve network capacity and customer speeds. Both companies expressed satisfaction with the collaboration, emphasizing the significance of 5G growth in India.
Aviat Networks, Inc. (NASDAQ: AVNW) will release its first quarter fiscal 2023 financial results on November 2, 2022, after market close. The earnings conference call will commence at 5:00 p.m. ET on the same day, featuring CEO Pete Smith and CFO David Gray. Investors can participate via webcast or telephone by registering online. Aviat Networks, a leader in wireless transport solutions, has sold over one million systems across 170 countries, focusing on dependable products and customer support.
Aviat Networks (NASDAQ: AVNW) has launched the Vendor Agnostic Multi-Band solution, allowing operators to upgrade existing microwave links up to 10 Gbps. This innovation addresses the limitations of legacy microwave systems, enabling cost-effective capacity expansion without the need for costly fiber replacements. Key features include a patented L1 Link Aggregation algorithm, support for extended distance Multi-Band links, and the ability to incorporate multiple channels in a single unit. The solution will ship in October and is currently available for order.
Ceragon Networks Ltd. (NASDAQ: CRNT) announced that shareholders overwhelmingly rejected all proposals from Aviat Networks, Inc. (NASDAQ: AVNW) during the 2022 Extraordinary General Meeting (EGM). Approximately 80% of shares voted against all of Aviat's proposals, with support for Aviat's director nominees falling below 15% of total shares outstanding. Ceragon's Board expressed confidence in its strategy and business momentum, indicating that Aviat's offers significantly undervalued the company. Ceragon remains open to transactions that provide fair value to its shareholders.
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