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), a global leader in microwave networking and wireless transport solutions, maintains this dedicated news hub for investors and industry professionals. Access timely updates on corporate developments, technological innovations, and strategic initiatives that power mission-critical communications worldwide.
This resource consolidates official press releases and verified news coverage related to AVNW's operations across 170+ countries. Users will find updates on network infrastructure deployments, regulatory compliance achievements, and partnership announcements within the wireless transport sector.
The page features categorized updates including quarterly financial results, product launch announcements, and strategic acquisition details. Additional coverage spans technology certifications, public safety network upgrades, and industrial wireless access developments.
Bookmark this page for streamlined access to AVNW's latest advancements in microwave radio systems, network management software, and specialized solutions for government and defense applications. Check regularly for updates shaping the future of secure, high-capacity wireless communications.
Aviat Networks has completed its acquisition of Redline Communications as of July 5, 2022, enhancing its capabilities in wireless transport solutions. This acquisition enables Aviat to provide an integrated offering for private network operators and establishes a new 5G R&D Center of Excellence in Canada. The merger aims to strengthen Aviat's market position in mission-critical networks while committing to maintaining existing engineering jobs and research expenditures in Canada. CEO Peter Smith expressed enthusiasm about the expanded talent for developing advanced 5G-based wireless solutions.
Aviat Networks (NASDAQ: AVNW) has successfully completed the acquisition of Redline Communications Group, enhancing its offerings in wireless transport solutions. This acquisition allows Aviat to provide integrated solutions for Private LTE/5G, targeting an $8 billion market. The CEO of Aviat stated that this will facilitate an expanded global market reach. Redline shares are expected to be delisted from the Toronto Stock Exchange on July 7, 2022, following the all-cash acquisition of CAD$0.90 per share. Aviat reaffirms its revenue guidance for FY22 at $296-$300 million and Adjusted EBITDA at $37-$39 million.
Aviat Networks, Inc. (NASDAQ: AVNW) is pushing for significant changes at Ceragon Networks Ltd. (NASDAQ: CRNT), calling for an extraordinary meeting to restructure its board of directors. Aviat, which holds over 5% of Ceragon shares, plans to remove three current directors and elect five independent candidates. This move follows Aviat's claim that Ceragon’s board has led to significant shareholder value destruction and ignored a premium acquisition offer of $2.80 per share. Aviat emphasizes the need for a board that prioritizes shareholder interests and creates value.
Aviat Networks has proposed to acquire Ceragon Networks for $2.80 per share in cash, representing a 51% premium to Ceragon's recent trading average. This nonbinding proposal aims to create a leading wireless transport solutions company, enhancing operational efficiencies and competitive positioning through significant synergies estimated at $35 million. Aviat, holding over 5% of Ceragon's shares, is calling for an extraordinary general meeting to elect new directors to evaluate this acquisition. The proposal reflects Aviat's belief in delivering immediate value to Ceragon shareholders.
MaxLinear (NASDAQ: MXL) has announced the development of its next-generation modem, the MxL852xx, in collaboration with Aviat Networks (NASDAQ: AVNW). This integrated System on Chip (SoC) aims to enhance wireless transport networks by offering greater capacity, superior reach, and the lowest total cost of ownership. The wireless transmission market is projected to reach $17.2 billion from 2022 to 2026, driven by the ongoing 5G deployment. The MxL852xx integrates multiple functionalities, including multicore modem implementation and enhanced IP traffic management.
Aviat Networks (NASDAQ: AVNW) announced its participation in two upcoming investor conferences: the B. Riley Securities 22nd Annual Institutional Investor Conference in Beverly Hills, CA, on May 25-26, 2022, and the Cowen 50th Annual Technology, Media & Telecom Conference in New York, NY, on June 1-2, 2022. CEO Pete Smith and CFO David Gray will engage in 1-on-1 meetings with investors at both events. Interested investors should contact their respective conference representatives for scheduling. Aviat Networks specializes in wireless transport solutions, offering a range of services globally.
Aviat Networks, Inc. (NASDAQ: AVNW) announced its participation in the 7th Annual Oppenheimer Emerging Growth Conference on May 10, 2022. CEO Pete Smith and CFO David Gray will engage in virtual 1-on-1 meetings throughout the day. Investors interested in meetings should contact their Oppenheimer representative. With over one million systems sold globally, Aviat specializes in wireless transport solutions and supports clients across 170 countries, including government and defense sectors. For more information, visit www.aviatnetworks.com.
Aviat Networks reported total revenue of $74.5 million for Q3 fiscal 2022, marking a 12.2% year-over-year increase. GAAP income before tax rose by 75.5% to $7.3 million, while adjusted EBITDA increased by 29.2% to $9.5 million. North America revenue surged 16.7% to $49.0 million, although international revenue grew modestly by 4.5% to $25.5 million. Gross margins decreased slightly due to supply chain challenges but improved by 80 bps from the previous quarter. The company maintained a strong balance sheet with $33.8 million in cash and no loans outstanding.
Aviat Networks (NASDAQ: AVNW) announced it will release its third quarter fiscal 2022 results for the period ending April 1, 2022, on May 4, 2022, after market close. An earnings conference call will follow at 5:00 p.m. ET, featuring key executives including the CEO and CFO. This call aims to discuss financial and operational results. Interested parties can access the call via the company's Investor Relations website. Aviat Networks specializes in wireless transport solutions and has sold over one million systems in 170 countries.
Aviat Networks (AVNW) announced the acquisition of Redline Communications for CAD$0.90 per share, totaling approximately CAD$16.2 million. This all-cash transaction aims to enhance Aviat's portfolio in private LTE/5G and wireless access solutions, targeting an $8 billion market. The acquisition is expected to increase gross margin, adjusted EBITDA, non-GAAP EPS, and free cash flow in the first year. The deal is subject to customary regulatory approvals and closing conditions, with completion anticipated within four months.
